Regulation 20 Annual levelisation paymentsI1

Subject to regulation 18(3), the Authority must, on or before 1st October following the end of each OLR year, calculate the amount which each licensed supplier is entitled to receive from, or required to pay into, the OLR levelisation account in respect of that OLR year as follows.

If the adjusted OLR contribution of a licensed supplier for the OLR year^f1 is greater than the licensed supplier’s market share OLR contribution^f2, the licensed supplier is entitled to receive an annual levelisation payment from the Authority equal to the difference between those amounts.

If the adjusted OLR contribution of a licensed supplier for the OLR year is less than the licensed supplier’s market share OLR contribution, the licensed supplier must make an annual levelisation payment to the Authority equal to the difference between those amounts.