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Regulation 8 Calculation of final reconciliation paymentsI1

England, Wales and Scotland

(1)

F1Subject to paragraphs (1A) and (1B), when the Operator receives a notification under regulation 7, the Operator must calculate the amount to be received or paid by each scheme electricity supplier in accordance with paragraphs (2) and (3).

F2(1A)

In the case of scheme year 6, if regulation 7A applies in relation to the scheme year, the calculation referred to in paragraph (1) must be made as soon as reasonably practicable after the Operator has received—

(a)

a notification under regulation 7(a); and

(b)

a notification under regulation 7A(2) in respect of each scheme electricity supplier.

(1B)

In the case of F3scheme years 7 to 11, the calculation referred to in paragraph (1) must be made as soon as reasonably practicable after—

(a)

the Authority has given a notification under regulation 7(b) to each scheme electricity supplier; and

(b)

every scheme electricity supplier has complied with regulation 9(7) of the Scheme Regulations for the scheme year, or the Authority has made an estimate under regulation 7A(4) in respect of each scheme electricity supplier that has not so complied.

(2)

If the adjusted contribution of a scheme electricity supplier for the scheme year was greater than its market share contribution, the supplier is entitled to receive in accordance with regulation 9 a final reconciliation payment equal to the difference between those amounts.

(3)

If the adjusted contribution of a scheme electricity supplier for the scheme year was less than its market share contribution, the supplier must make in accordance with regulation 9 a final reconciliation payment equal to the difference between those amounts.

(4)

For the purposes of this regulation—

F4(a)

a scheme electricity supplier’s contribution for a scheme year is—

(i)

where regulation 7A applies in relation to the scheme year, A−(F×P);

(ii)

in any other case, A,

where—

  • A is the amount determined by the Authority under regulation 29(1)(a) of the Scheme Regulations for that supplier for the scheme year;

  • F is the number of undelivered rebates provided, or treated as being provided, in the scheme year by that supplier, being the number notified to the Authority in accordance with regulation 9(7) of the Scheme Regulations or estimated by the Authority under regulation 7A(4), as the case may be;

  • P is the amount of the prescribed rebate for the scheme year;

(b)

a scheme electricity supplier’s adjusted contribution for a scheme year is the supplier’s contribution adjusted by—

(i)

adding the amounts of any interim reconciliation payments made by the supplier; and

(ii)

subtracting the amounts of any interim reconciliation payments received by the supplier;

(c)

a scheme electricity supplier’s market share contribution for a scheme year is M% of the amount notified to the Operator under regulation 7(a)(ii) F5or notified to that supplier under regulation 7(b)(ii), as the case may be, where M is that supplier’s market share.

Annotations

Textual amendments

F1

Words in reg. 8(1) inserted (16.9.2017) by The Warm Home Discount (Reconciliation) (Amendment) Regulations 2017 (S.I. 2017/847), regs. 1(2), 9(2)

F2

Reg. 8(1A)(1B) inserted (16.9.2017) by The Warm Home Discount (Reconciliation) (Amendment) Regulations 2017 (S.I. 2017/847), regs. 1(2), 9(3)

F3

Words in reg. 8(1B) substituted (25.6.2021) by The Warm Home Discount (Miscellaneous Amendments) Regulations 2021 (S.I. 2021/667), regs. 1, 23(7)

F4

Reg. 8(4)(a) substituted (16.9.2017) by The Warm Home Discount (Reconciliation) (Amendment) Regulations 2017 (S.I. 2017/847), regs. 1(2), 9(4)(a)

F5

Words in reg. 8(4)(c) inserted (16.9.2017) by The Warm Home Discount (Reconciliation) (Amendment) Regulations 2017 (S.I. 2017/847), regs. 1(2), 9(4)(b)

Commencement

I1

Reg. 8 in force at 1.7.2011, see reg. 1(2)