The Electricity Market Reform (General) Regulations 2014
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Change 1
12F Providing sustainable industry reward implementation statements
(1) The Secretary of State must as soon as practicable after a sustainable industry reward implementation application is received by the Secretary of State give a notice to the generator party applicant which includes— (a) a sustainable industry reward implementation statement which states the extent to which the generator party applicant has fulfilled the obligations set out in the sustainable industry reward statement; or (b) a refusal to provide a sustainable industry reward implementation statement which states the extent to which the generator party applicant has failed to meet the financial minimum standards. (2) Paragraph (3) applies where the Secretary of State is satisfied that— (a) a sustainable industry reward implementation statement contains an error; or (b) the information provided by a generator party applicant in, or in support of, a sustainable industry reward implementation application was materially incorrect. (3) Where this paragraph applies, the Secretary of State— (a) may revise the sustainable industry reward implementation statement and, as soon as practicable after doing so, must give a notice to the generator party which includes the matters mentioned in paragraph (1)(a); or (b) may withdraw a sustainable industry reward implementation statement and, as soon as practicable after deciding to do so, must give a notice to the generator party which includes the matters mentioned in paragraph (1)(b).
12F Providing sustainable industry reward implementation statements
(1) The Secretary of State must as soon as practicable after a sustainable industry reward implementation application is received by the Secretary of State give a notice to the generator party applicant which includes— (a) a sustainable industry reward implementation statement which states the extent to which the generator party applicant has fulfilled the obligations set out in the sustainable industry reward statement; or (b) a refusal to provide a sustainable industry reward implementation statement which states the extent to which the generator party applicant has failed to meet the financial minimum standards. (2) Paragraph (3) applies where the Secretary of State is satisfied that— (a) a sustainable industry reward implementation statement contains an error; or (b) the information provided by a generator party applicant in, or in support of, a sustainable industry reward implementation application was materially incorrect. (3) Where this paragraph applies, the Secretary of State— (a) may revise the sustainable industry reward implementation statement and, as soon as practicable after doing so, must give a notice to the generator party which includes the matters mentioned in paragraph (1)(a); or (b) may withdraw a sustainable industry reward implementation statement and, as soon as practicable after deciding to do so, must give a notice to the generator party which includes the matters mentioned in paragraph (1)(b).
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