Regulation 9 Interim and final reconciliation: paymentsI1

England, Wales and Scotland

(1)

After the Operator carries out an interim reconciliation under Part 2 or a final reconciliation under Part 3, it must give notice—

(a)

to each scheme electricity supplier which is liable to make or entitled to receive a payment, of—

(i)

the amount of that payment (“the specified amount”); and

(ii)

the supplier’s market share, as used in carrying out the reconciliation; and

F1(b)

to each scheme electricity supplier which is liable to make a payment, of the date by which the payment is to be made, which must be not less than 3 working days from the date on which the notice is given;

(c)

to each scheme electricity supplier which is entitled to receive a payment, of the date on which the payment is to be made, which must be not more than 10 working days after the date specified under sub-paragraph (b) (or if, under sub-paragraph (b), different dates are specified to different scheme electricity suppliers, not more than 10 working days after the latest of those dates).

F2(2)

A scheme electricity supplier which is given a notice that it is liable to make a payment must pay the specified amount to the Operator by the date specified in the notice.

(3)

The Operator must, subject to regulation 10(4), pay the specified amount to a scheme electricity supplier which is given a notice that it is entitled to receive a payment by the date specified in the notice.

F3(4)

Where the Authority is the Operator, it must maintain a fund into which payments by scheme electricity suppliers and from which payments by the Operator under these Regulations are to be made.

Annotations

Textual amendments

F1: Reg. 9(1)(b) substituted (6.4.2013) by The Warm Home Discount (Reconciliation) (Amendment) Regulations 2013 (S.I. 2013/519), regs. 1(2), 2(2)
F2: Reg. 9(2) substituted (6.4.2013) by The Warm Home Discount (Reconciliation) (Amendment) Regulations 2013 (S.I. 2013/519), regs. 1(2), 2(3)
F3: Reg. 9(4) inserted (16.9.2017) by The Warm Home Discount (Reconciliation) (Amendment) Regulations 2017 (S.I. 2017/847), regs. 1(2), 10

Commencement

I1: Reg. 9 in force at 1.7.2011, see reg. 1(2)