Regulation 11 Amendments to regulation 14 (adjustments for banking and borrowing)

in paragraph (1) for “scheme years 2 to 10” substitute “scheme years 2 to 11”;

in paragraph (3A) for “scheme years 6 to 10” substitute “scheme years 6 to 11”;

for paragraph (3C) substitute—

“(3C)

In scheme years 7 to 11, whether or not an adjustment is also made under paragraph (1), the Authority must adjust each supplier’s non-core spending obligation by adding F, where F is £140 multiplied by the sum of—

(a)

where the supplier has made a notification under regulation 9(7) in respect of the preceding scheme year, the number of prescribed rebates as stated in that notification; and

(b)

where the supplier has made a notification under paragraph (3A) in respect of the preceding scheme year, the number of prescribed rebates as stated in that notification.”;

at the end insert—

“(7)

In scheme year 11, the Authority must notify each compulsory scheme electricity supplier of the matters referred to in sub-paragraphs (a) and (b) of paragraph (4) by 30th September 2021, or within two months of the fifth commencement date, whichever is the later.”.