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Paragraph 4 Method of calculating hypothetical cost of purchasing certain electricity

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In paragraph 3, “security period” means a period commencing on the date on which security directions come into force and ending on the specified date, and in this paragraph–

(a)

“security directions” means directions given under paragraph (b) of subsection (4) of section 34 of the Act (whether or not such directions are given in conjunction with directions given under any other provision of that section); and

(b)

“specified date” means the date (not being earlier than the date on which the security directions cease to be in force) specified by the Director in a notice to licence holders as the date by which any procedure governing the despatch of electricity from generating stations the operation of which was suspended while the security directions were in force once more becomes operative.