Article 3 Amendments to the Renewables Obligation Order (Northern Ireland) 2009

In article 40(4) (payments to discharge the renewables obligation)—

(a)

omit the “and” after sub-paragraph (a);

(b)

in sub-paragraph (b) for “for each obligation period thereafter”, substitute “for each subsequent obligation period up to and including the obligation period starting on 1^st April 2025”;

(c)

after sub-paragraph (b), insert–

“; and

(c)

for each obligation period thereafter, the buy-out price for the previous obligation period increased or, as the case may be, decreased by the percentage increase or decrease in the consumer prices index over the 12 month period ending with 31st December in the previous obligation period (the resulting figure being rounded to the nearest penny, with any half of a penny being rounded upwards).”