# The Energy Act 2004 (Assistance for Areas with High Distribution Costs) Order 2005, Paragraph 3


The licensee shall pay to the system operator an amount representing 8 per cent above the base interest rate of any payment not made to the system operator on the date specified pursuant to paragraph 2 calculated for each day after the date on which payment should have been made which interest payment shall be made by the licensee as soon as possible after, and in any event within 28 days, of the date of the invoice from the system operator for such payment.

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Source: https://www.legislation.gov.uk/uksi/2005/528/schedule/2/paragraph/3 (the official version)
Page: https://openlegislation.uk/energy-act-2004-assistance-for-areas-with-high-distribution-costs-order-2005/schedule-2/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.