Regulation 24 Spending incurred by a compulsory scheme electricity supplier before the commencement dayI1

England and Wales

In scheme year 12, a compulsory scheme electricity supplier may treat as an amount of spending incurred under regulation 21 any spending which—

(a)

was incurred between 1st April 2022 and the commencement day, and

(b)

would have counted towards its non-core spending obligation by virtue of regulations 20 to 23, if these Regulations had come into force on 1st April 2022.

Annotations

Commencement

I1: Reg. 24 in force at 7.7.2022, see reg. 1(2)