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SCHEDULES

SCHEDULE 8U.K.Venture capital schemes

Subsidised generation or export of electricityU.K.

12U.K.After section 309 insert—

309AExcluded activities: subsidised generation or export of electricity

(1)This section supplements section 303(1)(ka).

(2)Electricity is exported if it is exported onto a distribution system or transmission system (within the meaning of section 4 of the Electricity Act 1989).

(3)The generation of electricity is “subsidised” if a person receives a FIT subsidy in respect of the electricity generated.

(4)The export of electricity is “subsidised” if a person receives a FIT subsidy in respect of the electricity exported.

(5)But the generation or export of electricity is not to be taken to fall within section 303(1)(ka) if Condition A, B or C is met.

(6)Condition A is that the generation or export is carried on by—

(a)a community interest company,

(b)a co-operative society,

(c)a community benefit society, or

(d)a NI industrial and provident society.

(7)Condition B is that the plant used to generate the electricity relies wholly or mainly on anaerobic digestion.

(8)Condition C is that the electricity is hydroelectric power.

(9)For the purposes of this section—