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Regulation 8 Aggregate core spending estimate

Original text. Later amendments are not shown.

(1)

The Secretary of State must estimate and notify the Authority of the aggregate amount of prescribed rebates (if any) to be provided by scheme electricity suppliers under this Part (“the aggregate core spending estimate”) in a scheme year on or before—

(a)

in relation to scheme year 16, the 21st day after the commencement day;

(b)

in relation to any other scheme year, 10th February preceding the start of the scheme year.

(2)

The Secretary of State must update the aggregate core spending estimate for each scheme year and notify the Authority of the updated estimate on or before 10th August of the scheme year.