Regulation 24 Spending on industry initiatives by a compulsory scheme electricity supplierI1

England, Wales and Scotland

(1)

A compulsory scheme electricity supplier may in respect of a scheme year count towards its non-core spending obligation spending (excluding Value Added Tax) incurred in that scheme year on an activity of a kind listed in the table in Part 1 of Schedule 3 (an “industry initiative”) by—

(a)

the supplier; or

(b)

a connected scheme gas supplier, to the extent permitted by regulation 26.

(2)

But spending on an industry initiative does not count towards a supplier’s non-core spending obligation if the spending—

(a)

is incurred pursuant to a requirement in—

(i)

any other enactment; or

(ii)

an electricity supply or gas supply licence;

(b)

is counted by a scheme supplier towards a spending obligation or target imposed by—

(i)

any other enactment; or

(ii)

an electricity supply or gas supply licence; or

(c)

falls within any exception in the table in Part 1 of Schedule 3.

(3)

In addition, spending on an industry initiative does not count towards a supplier’s non-core spending obligation unless—

(a)

the industry initiative has been notified to the Authority; and

(b)

either—

(i)

the spending takes place after the Authority approves the initiative; or

(ii)

in relation to scheme year 12, the spending takes place before the Authority decides whether to approve the initiative but the Authority subsequently approves it.

Annotations

Commencement

I1: Reg. 24 in force at 20.10.2022, see reg. 1(2)