Regulation 13 Interest accrued by the OperatorI1
England, Wales and Scotland
(1)
The Operator must distribute to scheme electricity suppliers in proportion to their market shares the amount of any interest accrued by the Operator on payments made to it by scheme electricity suppliers under these Regulations.
(2)
The Operator—
(a)
must, if it has accrued any interest, make a distribution under paragraph (1) in each year from scheme year 2 onwards at the same time as it makes final reconciliation payments; and
(b)
may make additional distributions at such times as it determines.
Annotations
Commencement
- I1
Reg. 13 in force at 1.7.2011, see reg. 1(2)