Regulation 21 Amendments to regulation 26 (industry initiatives)

in paragraph (1), for “any scheme year” substitute “any of scheme years 1 to 7”;

after paragraph (1) insert—

“(1A)

Subject to regulation 15A(3) to (5), and to paragraphs (2) and (4), a compulsory scheme electricity supplier may in respect of any of scheme years 8 to 10 count towards its non-core spending obligation spending (excluding Value Added Tax) taking place in that scheme year on an industry initiative by—

(a)

that supplier; or

(b)

any connected scheme gas supplier, to the extent permitted by regulation 16.”;

after paragraph (3) insert—

“(4)

Paragraph (1A) only applies in relation to spending on an industry initiative if—

(a)

the industry initiative has been notified to the Authority under regulation 27; and

(b)

either—

(i)

the spending takes place after the Authority has approved the industry initiative; or

(ii)

in scheme year 8, the spending takes place before the Authority has decided whether to approve the industry initiative, and the Authority subsequently approves it.”.