The Power Purchase Agreement Scheme Regulations 2014
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Change 1
24 Levelisation correction
(1) Paragraph (2) applies where the Authority identifies that any calculation under regulation 19 or 20(1) is incorrect. (2) The Authority may, having regard to any payment made or received under regulation 20 or 21, calculate any levelisation payment that each licensed supplier is entitled to receive from, or is required to pay into, the OLR levelisation account in order to correct the error identified under paragraph (1). (3) After making a calculation under paragraph (2), the Authority must— (a) give notice to each licensed supplier which is liable to make or is entitled to receive a levelisation payment of the amount of that payment; and (b) where the licensed supplier is liable to make a levelisation payment, specify in the notice the date by which payment is to be made. (4) Payments received from licensed suppliers in respect of an OLR year as a result of paragraph (2) are to be distributed in accordance with regulation 28(2).
24 Levelisation correction
(1) Paragraph (2) applies where the Authority identifies that any calculation under regulation 19 or 20(1) is incorrect. (2) The Authority may, having regard to any payment made or received under regulation 20 or 21, calculate any levelisation payment that each licensed supplier is entitled to receive from, or is required to pay into, the OLR levelisation account in order to correct the error identified under paragraph (1). (3) After making a calculation under paragraph (2), the Authority must— (a) give notice to each licensed supplier which is liable to make or is entitled to receive a levelisation payment of the amount of that payment; and (b) where the licensed supplier is liable to make a levelisation payment, specify in the notice the date by which payment is to be made. (4) Payments received from licensed suppliers in respect of an OLR year as a result of paragraph (2) are to be distributed in accordance with regulation 28(2).
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