Regulation 32 Application of relevant interest payments

Unless the public electricity suppliers request otherwise, all relevant interest payments standing to the credit of any such account as is mentioned in paragraph (2) of regulation 31 at the end of a financial year shall be added in the appropriate proportion to the payments immediately next due to be made under paragraph (5) of regulation 28 to those suppliers, or as they may direct.

For the purposes of paragraph (1), the appropriate proportion is the proportion which the payment to the particular public electricity supplier under regulation 28 bears to the aggregate of all the payments to be made at the time under that regulation.

Before the Director agrees to any such request as is mentioned in paragraph (1), he shall have regard to the need to protect confidential information relating to individuals.

In this regulation “financial year” means a period of 12 months ending on 31st March.