{
  "url": "https://openlegislation.uk/power-purchase-agreement-scheme-regulations-2014/regulation-18",
  "json_url": "https://openlegislation.uk/power-purchase-agreement-scheme-regulations-2014/regulation-18.json",
  "legislation": "uksi/2014/2511",
  "legislation_title": "The Power Purchase Agreement Scheme Regulations 2014",
  "legislation_url": "https://openlegislation.uk/power-purchase-agreement-scheme-regulations-2014",
  "path": "regulation/18",
  "kind": "regulation",
  "number": "18",
  "heading": "OLR levelisation",
  "text": "(1) With effect from the date on which the Authority is notified that the first BPPA is entered into, the Authority must maintain an account (“the OLR levelisation account”)—\n(a) into which licensed suppliers are required to pay an amount in accordance with this Part; and\n(b) from which payments are to be made by the Authority in accordance with this Part.\n(2) The annual levelisation payment which a licensed supplier is required to pay into or receive from the OLR levelisation account is to be calculated under regulation 20.\n(3) Paragraph (2) applies in respect of any OLR year only if at least one BPPA is in force for the whole or part of that year.\n(4) A periodic levelisation payment which a licensed supplier is required to pay into or receive from the OLR levelisation account is to be calculated under regulation 21.\n(5) Paragraph (4) applies in respect of any periodic levelisation period only if at least one BPPA is in force for the whole or part of that period.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 18 in force at 1.10.2015, see reg. 1(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/2511/regulation/18",
    "retrieved_at": "2026-10-29T00:02:10.991231+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}