The Power Purchase Agreement Scheme Regulations 2014
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Change 1
23 Payments by the Authority
(1) This regulation applies where a licensed supplier is given notice that it is entitled to receive a levelisation payment. (2) Subject to paragraphs (3) and (5), the Authority must make the levelisation payment as soon as reasonably practicable after the notice is given. (3) If a licensed supplier fails to make a levelisation payment to the Authority by the date on which it is due (“a late payment”), the Authority may suspend in whole or in part any levelisation payment due to that licensed supplier until the late payment has been made. (4) Where the late payment is in respect of a periodic levelisation payment and regulation 26 does not apply— (a) any late payment which the Authority receives before it makes the annual levelisation calculation under regulation 20 in respect of the OLR year in which the period falls is to be included in that calculation; and (b) any late payment which the Authority receives after it makes that calculation in respect of that year must be distributed in accordance with regulation 28(2). (5) If the Authority believes that the amount in the OLR levelisation account will not be sufficient to enable it to make a levelisation payment out of the account, the Authority may defer all or part of that payment until there is a sufficient amount in the OLR levelisation account.
23 Payments by the Authority
(1) This regulation applies where a licensed supplier is given notice that it is entitled to receive a levelisation payment. (2) Subject to paragraphs (3) and (5), the Authority must make the levelisation payment as soon as reasonably practicable after the notice is given. (3) If a licensed supplier fails to make a levelisation payment to the Authority by the date on which it is due (“a late payment”), the Authority may suspend in whole or in part any levelisation payment due to that licensed supplier until the late payment has been made. (4) Where the late payment is in respect of a periodic levelisation payment and regulation 26 does not apply— (a) any late payment which the Authority receives before it makes the annual levelisation calculation under regulation 20 in respect of the OLR year in which the period falls is to be included in that calculation; and (b) any late payment which the Authority receives after it makes that calculation in respect of that year must be distributed in accordance with regulation 28(2). (5) If the Authority believes that the amount in the OLR levelisation account will not be sufficient to enable it to make a levelisation payment out of the account, the Authority may defer all or part of that payment until there is a sufficient amount in the OLR levelisation account.
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