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Regulation 17 Spending incurred before commencement date

Original text. Later amendments are not shown.

(1)

Paragraph (2) applies if these Regulations come into force after 1st April 2011.

(2)

In scheme year 1, a compulsory scheme electricity supplier may treat as an amount of spending incurred under Chapter 3 or Chapter 4 any spending which—

(a)

was incurred between 1st April 2011 and the commencement date; and

(b)

would have counted towards its non-core spending obligation by virtue of Chapter 3 or Chapter 4, if these Regulations had come into force on 1st April 2011.