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Regulation 13 Payment of credit notesI1

England, Wales and Scotland

Subject to regulation 14, the Settlement Body must pay the amount due to—

(a)

each electricity supplier issued with a credit note for a penalty residual supplier amount, by no later than F1the end of the F233rd working day after the end of the delivery year to which the payment relates; and

(b)

each electricity supplier issued with a credit note under regulation 9 (settlement costs levy) or regulation 10 (settlement costs levy refund), as soon as reasonably practicable after the credit note is issued.

Annotations

Textual amendments

F1

Words in reg. 13(a) inserted (14.7.2016) by The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 2 para. 6(a)

F2

Word in reg. 13(a) substituted (14.7.2016) by The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 2 para. 6(b)

Commencement

I1

Reg. 13 in force at 18.12.2014, see reg. 1(2)