Paragraph 15 I1

England, Wales and Scotland

Regulation 16 has effect as if—

(a)

in paragraph (1)—

(i)

the words “in relation to a revenue collection counterparty” appeared after the words “by a supplier” and “for that supplier”;

(ii)

the reference to “the revenue collection counterparty’s” were to “that revenue collection counterparty’s”; and

(iii)

the words “in respect of that revenue collection counterparty” appeared after the words “RCC period contribution”;

(b)

in paragraphs (3) and (5), each reference to “the revenue collection counterparty” were to “that revenue collection counterparty”;

(c)

in paragraph (3), the words “and a revenue collection counterparty” appeared after the words “an electricity supplier”;

(d)

in paragraph (4), the first reference to “the revenue collection counterparty” were to “a revenue collection counterparty”;

(e)

in paragraph (5), the words “to a revenue collection counterparty” appeared after the words “reconciliation payment”;

(f)

in paragraph (6), the words “in relation to a revenue collection counterparty (“the relevant counterparty”)” appeared after the words “net levied amount for a supplier”; and

(g)

in paragraph (7)—

(i)

in the definition of “the supplier obligation amount”, the words “to the relevant counterparty” appeared after each instance of the words “to make”; and

(ii)

in the definition of “the counterparty obligation amount”, each reference to “the revenue collection counterparty” were to “the relevant counterparty”.

Annotations

Commencement

I1: Sch. para. 15 in force at 23.3.2023, see reg. 1(2)