Regulation 5 Payment of costs incurred by the Authority in connection with transmission assets calculation of costsI1
England, Wales and Scotland
Where the Authority has undertaken an estimate of the costs in accordance with regulation 4 in relation to a particular qualifying project, it must, before the grant of an offshore transmission licence to the successful bidder in relation to that qualifying project, give notice to the developer to make a payment to the Authority of an amount equal to the Authority’s costs in undertaking the estimate.
Where the Authority has undertaken an assessment of the costs in accordance with regulation 4 in relation to a particular qualifying project, it must–
before the grant of an offshore transmission licence to the successful bidder in relation to that qualifying project; or
as soon as reasonably practicable after the generator build tender exercise has been held in accordance with these Regulations,
give notice to the successful bidder to make a payment to the Authority of an amount equal to the Authority’s costs in undertaking the assessment.
Annotations
Commencement
- I1
Reg. 5 in force at 3.8.2015, see reg. 1(1)