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The Energy Act 2004 (Assistance for Areas with High Distribution Costs) Order 2005
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- 2005 No. 528
- SCHEDULE 3
- Condition 53A. Assistance for areas with high distribution costs scheme: transfer of payment to the licensee and accounting requirements
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Condition 53A. Assistance for areas with high distribution costs scheme: transfer of payment to the licensee and accounting requirements
1. Pursuant to the Energy Act 2004 (Assistance for Areas with High Distribution Costs) Order 2005, where the licensee is a relevant distributor in the specified area, the licensee shall be entitled to receive and shall account for the annual payments received from the system operator pursuant to standard condition C22 (Assistance for areas with high distribution costs scheme: payments to a relevant distributor) of the system operator’s transmission licence.
2. The accounting statement to be prepared for the purposes of standard condition 42 (Regulatory Accounts) in respect of every financial year commencing on 1 April shall include the annual payments received by the licensee referred to in and in accordance with paragraph 1 of this condition.
3. In this condition:
| “relevant distributor” | has the same meaning as in section 184 of the Energy Act 2004. |
| “specified area” | means the area specified in the Energy Act 2004 (Assistance for Areas with High Distribution Costs) Order 2005. |
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