Paragraph 7 Settlement costs levy: provisional calculationsI1

England, Wales and Scotland

(1)

The Settlement Body must, by no later than the start of a relevant financial year (“year Y”), for each electricity supplier (“S”) calculate—

(a)

S’s provisional share of the settlement costs levy in respect of year Y (“PSL_sy”);

(b)

S’s provisional monthly settlement costs levy in respect of each month of year Y (“PML_sm”).

(2)

PSL_symust be calculated in accordance with the formula—

P S L_{s y} = \frac{A S S P D_{s r}}{\sum_{s} A S S P D_{s r}} .

(3)

PML_sm must be calculated for each month of year Y (“month M”) in accordance with the formula—

P M L_{s m} = A S C L_{y} \times P S L_{s y} \times \frac{1}{12} .

(4)

In this paragraph—

“ASCL_y” is the amount specified in regulation 9(2) as the total amount which may be charged to all electricity suppliers in respect of the settlement costs levy for year Y;
F1“” means—
1. (a)
  subject to paragraph (b), the actual relevant demand of S during periods of high demand (“AD”) in the relevant months less the actual CM EII excluded electricity supplied by S during periods of high demand (“AEE”); or
2. (b)
  if, at the date on which the calculation in sub-paragraph (2) is to be made, the Settlement Body does not have the data necessary to calculate AD or AEE for all suppliers for one or more of the relevant months, AD in the relevant months for which data is available to the Settlement Body less AEE in the same relevant months.
“the relevant months” means November to February of the financial year preceding year Y.

Annotations

F1: Words in Sch. 1 para. 7(4) substituted (1.4.2024) by The Electricity Capacity (Supplier Payment etc.) (Amendment and Excluded Electricity) Regulations 2024 (S.I. 2024/434), regs. 1(2), 12(c)