Paragraph 8 Settlement costs levy: revised calculationsI1

England, Wales and Scotland

(1)

The Settlement Body must, as soon as reasonably practicable after 16th March in a relevant financial year (“year Y”), calculate for each electricity supplier (“S”)—

(a)

S’s revised share of the settlement costs levy in respect of each month of year Y for which S is liable to pay settlement costs levy (“RSL_sm”);

(b)

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

(2)

RSL_sm must be calculated in accordance with the formula—

R S L_{s m} = \frac{A S S P D_{s y}}{\sum_{l} A S S P D_{l y}} .

(3)

RML_sm must be calculated in accordance with the formula—

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

(4)

In this paragraph—

“ASCL_y” has the same meaning as in paragraph 7;
F1“” means the actual relevant demand of S during periods of high demand in year Y less the actual CM EII excluded electricity supplied by S during periods of high demand in year Y;
“” means the sum of the actual relevant demand of every electricity supplier who is liable to pay the settlement costs levy in the relevant month less the sum of the actual CM EII excluded electricity supplied by every electricity supplier who is liable to pay the settlement costs levy in the relevant month.

Annotations

Textual amendments

F1: Words in Sch. 1 para. 8(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(d)

Commencement

I1: Sch. 1 para. 8 in force at 18.12.2014, see reg. 1(2)