Regulation 15 Interest earned by the AuthorityI1

The Authority must distribute to all the scheme electricity suppliers in proportion to their latest market shares the amount of any interest earned by the Authority on any payments made to it by scheme electricity suppliers under these Regulations.

The Authority—

In this regulation—

• “latest market share”, in relation to a scheme electricity supplier, means—

  1. (a)

     where the interest is to be distributed at the same time as any final reconciliation payment, the supplier’s latest market share as used to calculate the final reconciliation payment F1...;

  2. (b)

     where the interest is to be distributed at any other time, the most recent of the following determinations or recalculations of the supplier’s market share made by the Authority before the relevant date—

     1. (i)

        a determination under regulation 5(1);

     2. (ii)

        a recalculation under regulation 13(4);

• “relevant date” means the date on which the Authority makes the distribution under paragraph (1).