Paragraph 12 I1

England, Wales and Scotland

Regulation 13 has effect as if—

(a)

in paragraph (1)—

(i)

the words “in relation to a revenue collection counterparty” appeared after the words “the quarterly obligation period” where those words appear for the first time; and

(ii)

the reference to “the revenue collection counterparty” were to “that revenue collection counterparty”;

(b)

in paragraph (2), the references to “the revenue collection counterparty’s” were to “that revenue collection counterparty’s”;

(c)

in paragraph (3)—

(i)

the reference to “the revenue collection counterparty” were to “a revenue collection counterparty”; and

(ii)

the words “to that revenue collection counterparty” appeared after the words “additional reserve payment”;

(d)

in paragraph (4)—

(i)

the words “in relation to a revenue collection counterparty” appeared after the words “An electricity supplier’s additional reserve payment”; and

(ii)

the words “determined by that revenue collection counterparty” appeared after the words “the additional total reserve amount”;

(e)

in paragraph (5), the reference to “the revenue collection counterparty” were to “a revenue collection counterparty”; and

(f)

in paragraphs (6) and (7)—

(i)

the words “to a revenue collection counterparty” appeared after the words “additional reserve payment”; and

(ii)

each reference to “the revenue collection counterparty” were to “that revenue collection counterparty”;

Annotations

Commencement

I1: Sch. para. 12 in force at 23.3.2023, see reg. 1(2)