Article 25 Levelisation fund

England, Wales and Scotland

F1(1)

The Authority must maintain a fund (the “levelisation fund”) into which payments by licensees and from which payments by the Authority under this Part are to be made.

F2(2)

The Authority may use the interest accruing on the levelisation fund to pay for all or part of its reasonable costs.

(3)

In this article, “reasonable costs” means costs of the Authority incurred as the result of administering the FIT scheme, as determined by the Secretary of State under article 38(1)(e).

Annotations

Textual amendments

F1: Art. 25(1): art. 25 renumbered as art. 25(1) (15.1.2016) by The Feed-in Tariffs (Amendment) (No. 3) Order 2015 (S.I. 2015/2045), arts. 1, 17 (with art. 24)
F2: Art. 25(2)(3) inserted (15.1.2016) by The Feed-in Tariffs (Amendment) (No. 3) Order 2015 (S.I. 2015/2045), arts. 1, 17 (with art. 24)