OpenLegislation

Division 3 F1

United Kingdom

Original text. Later amendments are not shown.

The oversubscription and buy-back scheme shall be based on an incentive regime reflecting the risks of transmission system operators in offering additional capacity. The scheme shall be structured in such a way that revenues from selling additional capacity and costs arising from the buy-back scheme or measures pursuant to paragraph 6 are shared between the transmission system operators and the network users. F2The national regulatory authority shall decide on the distribution of revenues and costs between the transmission system operator and the network user.

Annotations

Textual amendments

F1

Substituted by Commission Decision of 24 August 2012 on amending Annex I to Regulation (EC) No 715/2009 of the European Parliament and of the Council on conditions for access to the natural gas transmission networks (Text with EEA relevance) (2012/490/EU).

F2

Words in Annex 1 point 2.2.2(3) substituted (31.12.2020) by The Electricity and Gas etc. (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/530), reg. 1(1), Sch. 2 para. 19(6)(b); 2020 c. 1, Sch. 5 para. 1(1)