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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”)—

(a)

in scheme year 16, on or before the 5th working day after the commencement day;

(b)

in any other scheme year, on or before 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 in the scheme year.