# Energy Act 2023, Paragraph 10: Maximum amount of penalty

Extent: E+W+S+N.I.

(1) The maximum amount of penalty that may be imposed on a licence holder in respect of a contravention may not exceed 10 per cent of the licence holder’s turnover.
(2) The Secretary of State may by regulations provide for how a person’s turnover is to be determined for the purposes of this paragraph.
(3) Regulations under sub-paragraph (2) are subject to the affirmative procedure.
(4) In this paragraph “penalty” means a penalty imposed on a licence holder under paragraph 4.

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Source: https://www.legislation.gov.uk/ukpga/2023/52/schedule/3/paragraph/10 (the official version)
Page: https://openlegislation.uk/energy-act-2023/schedule-3/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.