SCHEDULES

SCHEDULE 6Community electricity right regulations

PART 1The right to buy

The price of the stakes

I19

1

Right to buy regulations must make provision about setting the price of the available stakes in a qualifying facility.

2

In making the regulations, the Secretary of State must have regard to the desirability of the prices of available stakes reflecting a measure of fair value.

3

In this paragraph “available stakes”, in relation to a qualifying facility, means the stakes in the qualifying facility that are to be offered through the right to buy.