Paragraph 6 I1

England, Wales and Scotland

Regulation 7 has effect as if—

(a)

in paragraphs (1) and (4), each reference to “the revenue collection counterparty” were to “each revenue collection counterparty”;

(b)

in paragraph (2)—

(i)

the words “to a revenue collection counterparty” appeared after the words “by a supplier”; and

(ii)

the words “which that revenue collection counterparty determined and” appeared after the words “interim levy rate”;

(c)

after paragraph (2), there appeared the following provision—

“(2A)

Where a revenue collection counterparty has not determined an interim levy rate which applies in relation to a day, there is no requirement to make an interim rate payment to that revenue collection counterparty in respect of that day.”;

(d)

in paragraph (4)—

(i)

the reference to “The revenue collection counterparty” were to “Each revenue collection counterparty which determines an interim rate in respect of a day in a quarterly obligation period”;

(ii)

the reference to “a day in a quarterly obligation period” were to “that day”; and

(iii)

the words “to that revenue collection counterparty” appeared after the words “must pay”; and

(e)

in paragraphs (5) and (6), the words “to a revenue collection counterparty” appeared after the words “interim rate payment” and each reference to “the revenue collection counterparty” were to “that revenue collection counterparty”.

Annotations

Commencement

I1: Sch. para. 6 in force at 23.3.2023, see reg. 1(2)