285 Exceptional generation fuel costs
Finance (No 2) Act 2023 (2023 c 30) | Legislation

285  Exceptional generation fuel costs

(1)     For the purposes of a claim for allowable costs by a generating undertaking, the amount (if any) of “exceptional generation fuel costs” of a relevant generating station for a qualifying period is to be determined as follows—

Step 1
Determine the generation fuel costs for the station for that period.

Step 2
Divide the amount of those costs by the amount of electricity generated by the station in that period (expressed in megawatt hours) that are attributable to a generating undertaking.

Step 3
Determine the baseline fuel cost of the station.

Step 4
If the result of Step 2 is the same as or less than the baseline fuel cost, there are no exceptional generation fuel costs of the station for that period.

Step 5
If the result of Step 2 is greater than the baseline fuel cost, subtract the baseline fuel cost from the result

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