284 Allowable costs
Finance (No 2) Act 2023 (2023 c 30) | Legislation

284  Allowable costs

(1)     “Allowable costs” means—

(a)     exceptional generation fuel costs of relevant generating stations (see section 285),

(b)     exceptional revenue sharing costs in respect of relevant generating stations (see section 286), and

(c)     qualifying electricity purchase costs (see subsection (6)).

(2)     Allowable costs may only be attributed to a generating undertaking for a qualifying period to the extent—

(a)     those costs are fairly and reasonably attributable to generation receipts attributed to the undertaking for the period,

(b)     they reflect expenses

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