286 Exceptional revenue sharing costs
Finance (No 2) Act 2023 (2023 c 30) | Legislation

286  Exceptional revenue sharing costs

(1)     Subsection (2) applies for the purposes of determining the amount of allowable costs that may be claimed by a generating undertaking in respect of exceptional revenue sharing costs.

(2)     Take the following steps to determine the amount (if any) that can be claimed for a qualifying period—

Step 1
Determine if there are any relevant generating stations whose generation has been attributed to the undertaking in relation to which there are qualifying arrangements under which payments are made to a third party in relation to the undertaking by reference to—

(a)     the price received for generation by that station, or

(b)     the wholesale price of electricity.

Step 2
Determine the amounts paid, in respect of each of those arrangements.

Step 3
In relation to each such payment, determine the amount that

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