The Power Purchase Agreement Scheme Regulations 2014
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
25 Trigger for OLR mutualisation
(1) The Secretary of State must determine in respect of each OLR year a lower limit for the unpaid amounts referred to in paragraph (2)(b) that will trigger a mutualisation (“the mutualisation lower limit”). (2) Regulation 26 applies if— (a) one or more licensed suppliers fail to make to the Authority the whole or part of a periodic levelisation payment within 5 days of the date on which it is due (“the due date”); and (b) after 5 days following the due date, the total of unpaid amounts is equal to or greater than the mutualisation lower limit. (3) In determining the mutualisation lower limit in respect of any OLR year under paragraph (1), the Secretary of State must have regard to— (a) where the total of unpaid amounts referred to in paragraph (2)(b) falls below the limit determined for that year, the likely effect on any licensed supplier which has entered into a BPPA with an electricity generator of deferring payment under regulation 23(5) of amounts of periodic levelisation payment to which the licensed supplier is entitled; and (b) where the total of unpaid amounts referred to in paragraph (2)(b) is equal to or above the limit determined for that year, the likely effect on all licensed suppliers of having to make mutualisation payments under regulation 26(2). (4) The Secretary of State must publish the mutualisation lower limit determined under paragraph (1)— (a) in respect of the OLR year which ends on 31st March 2016, on or before 30th September 2015; and (b) in respect of any other OLR year, before the beginning of the OLR year to which it relates.
25 Trigger for OLR mutualisation
(1) The Secretary of State must determine in respect of each OLR year a lower limit for the unpaid amounts referred to in paragraph (2)(b) that will trigger a mutualisation (“the mutualisation lower limit”). (2) Regulation 26 applies if— (a) one or more licensed suppliers fail to make to the Authority the whole or part of a periodic levelisation payment within 5 days of the date on which it is due (“the due date”); and (b) after 5 days following the due date, the total of unpaid amounts is equal to or greater than the mutualisation lower limit. (3) In determining the mutualisation lower limit in respect of any OLR year under paragraph (1), the Secretary of State must have regard to— (a) where the total of unpaid amounts referred to in paragraph (2)(b) falls below the limit determined for that year, the likely effect on any licensed supplier which has entered into a BPPA with an electricity generator of deferring payment under regulation 23(5) of amounts of periodic levelisation payment to which the licensed supplier is entitled; and (b) where the total of unpaid amounts referred to in paragraph (2)(b) is equal to or above the limit determined for that year, the likely effect on all licensed suppliers of having to make mutualisation payments under regulation 26(2). (4) The Secretary of State must publish the mutualisation lower limit determined under paragraph (1)— (a) in respect of the OLR year which ends on 31st March 2016, on or before 30th September 2015; and (b) in respect of any other OLR year, before the beginning of the OLR year to which it relates.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
How this law is officially changed
Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.