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Article 20 Reconciliation of regulatory account

United Kingdom

Original text. Later amendments are not shown.

1.

The full or partial reconciliation of the regulatory account shall be carried out in accordance with the applied reference price methodology and, in addition, by using the charge referred to in Article 4(3)(b), if applied.

2.

The reconciliation of the regulatory account shall be carried out pursuant to the rules enacted F1by the national regulatory authority over a given reconciliation period, meaning the time period over which the regulatory account referred to in Article 19 shall be reconciled.

3.

The regulatory account shall be reconciled with the aim of reimbursing to the transmission system operator the under-recovery and of returning to the network users the over-recovery.

Annotations

Textual amendments

F1

Words in Art. 20(2) substituted (31.12.2020) by S.I. 2019/531, Sch. 5 para. 5I (as inserted by The Gas Tariffs Code (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/1393), reg. 1(2), Sch. para. 3); 2020 c. 1, Sch. 5 para. 1(1)