{
  "url": "https://openlegislation.uk/electricity-capacity-supplier-payment-etc-regulations-2014/schedule-1/paragraph-8",
  "json_url": "https://openlegislation.uk/electricity-capacity-supplier-payment-etc-regulations-2014/schedule-1/paragraph-8.json",
  "legislation": "uksi/2014/3354",
  "legislation_title": "The Electricity Capacity (Supplier Payment etc.) Regulations 2014",
  "legislation_url": "https://openlegislation.uk/electricity-capacity-supplier-payment-etc-regulations-2014",
  "path": "schedule/1/paragraph/8",
  "kind": "paragraph",
  "number": "8",
  "heading": "Settlement costs levy: revised calculations",
  "text": "(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”)—\n(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 (“RSLsm”);\n(b) S’s revised monthly settlement costs levy in respect of each month of year Y (“RMLsm”).\n(2) RSLsm must be calculated in accordance with the formula—\nRSLsm=ASSPDsy∑lASSPDly.\n(3) RMLsm must be calculated in accordance with the formula—\nRMLsm=ASCLy×RSLsm×112.\n(4) In this paragraph—\n“ASCLy” has the same meaning as in paragraph 7;\n“” 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;\n“” 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.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "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)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 1 para. 8 in force at 18.12.2014, see reg. 1(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/3354/schedule/1/paragraph/8",
    "retrieved_at": "2026-10-28T23:52:59.171758+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}