The Electricity Capacity (Supplier Payment etc.) Regulations 2014
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Change 1
13 Payment of credit notes
Subject to regulation 14, the Settlement Body must pay the amount due to— (a) each electricity supplier issued with a credit note for a penalty residual supplier amount, by no later than the end of the 33rd working day after the end of the delivery year to which the payment relates; and (b) each electricity supplier issued with a credit note under regulation 9 (settlement costs levy) or regulation 10 (settlement costs levy refund), as soon as reasonably practicable after the credit note is issued.
13 Payment of credit notes
Subject to regulation 14, the Settlement Body must pay the amount due to— (a) each electricity supplier issued with a credit note for a penalty residual supplier amount, by no later than the end of the 33rd working day after the end of the delivery year to which the payment relates; and (b) each electricity supplier issued with a credit note under regulation 9 (settlement costs levy) or regulation 10 (settlement costs levy refund), as soon as reasonably practicable after the credit note is issued.
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