Regulation 8 Government supported price, maximum discount and minimum supply priceI1

England, Wales and Scotland

(1)

The Secretary of State must, no later than the scheme introduction date, determine and publish, for the purposes of each of the electricity scheme and the gas scheme—

(a)

the price (in p/kWh) which is the government supported price;

(b)

the amount (in p/kWh) which is the maximum discount.

(2)

The Secretary of State may, for purposes of the electricity scheme or the gas scheme, revise the government supported price, the maximum discount or the minimum supply price by publishing a notice that specifies—

(a)

the revised government supported price, maximum discount or minimum supply price;

(b)

the date, which must not be earlier than the date of publication, with effect from which the revision is made (“revision date”);

(c)

whether the revision applies in respect of—

(i)

variable price contracts, flexible price contracts or fixed price contracts, and

(ii)

in the case of variable price contracts or flexible price contracts, to those contracts entered into before the revision date.

(3)

A revised government supported price, maximum discount or minimum supply price—

(a)

applies in respect of supply contracts entered into on or after the revision date;

(b)

does not apply in respect of fixed price contracts entered into before that date;

(c)

applies, where so specified under paragraph (2)(c)(ii), in respect of variable price contracts or flexible price contracts entered into before that date;

(d)

does not in any case apply in respect of energy supplied under a supply contract before that date.

Annotations

Commencement

I1: Reg. 8 in force at 1.11.2022, see reg. 1(1)