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The Nuclear Regulated Asset Base Model (Revenue Collection) Regulations 2023

Draft Legislation:

This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Nuclear Regulated Asset Base Model (Revenue Collection) Regulations 2023 No. 254

  1. Introductory Text

  2. PART 1 Introduction

    1. 1.Citation, commencement and extent

    2. 2.Interpretation

  3. PART 2 Supplier obligation

    1. CHAPTER 1 The supplier obligation

      1. 3.The supplier obligation

      2. 4.RCC period contribution

    2. CHAPTER 2 Interim daily levy

      1. 5.Setting the interim levy rate

      2. 6.Estimated cost, income & electricity supply

      3. 7.Interim rate payments

      4. 8.Data reconciliation of interim rate payments

    3. CHAPTER 3 Payments for reserve

      1. 9.Reserve payments

      2. 10.Individual suppliers’ reserve amounts

    4. CHAPTER 4 Adjustments to interim rate and additional reserve payments

      1. 11.In period adjustments

      2. 12.Adjusted interim levy rate

      3. 13.Additional total reserve amount

      4. 14.Determination of reduced total reserve amount

    5. CHAPTER 5 Reconciliation payments

      1. 15.Reconciliation payments

      2. 16.Determination of reconciliation payments

    6. CHAPTER 6 Mutualisation

      1. 17.Mutualisation

      2. 18.Repayment of mutualised amounts

    7. CHAPTER 7 Collateral

      1. 19.Requirement to provide collateral

      2. 20.Appropriate letters of credit

      3. 21.Calling of collateral

      4. 22.Withdrawal of collateral and payment of interest

  4. PART 3 Operational costs

    1. 23.The operational costs levy

    2. 24.Repayment of excess

  5. PART 4 Miscellaneous

    1. CHAPTER 1 Enforcement and disputes

      1. 25.Enforcement of requirements

      2. 26.Dispute notices

      3. 27.Determination of disputes

      4. 28.Duties of the revenue collection counterparty to enforce and notify

      5. 29.Notices and publications

    2. CHAPTER 2 Effect of payment and interest

      1. 30.Set-off of payments by the revenue collection counterparty

      2. 31.Netting of payments by the revenue collection counterparty

      3. 32.Discharge of obligations by payment

      4. 33.Use of payments

      5. 34.Apportioning sums to revenue collection contracts

      6. 35.Application of apportionment to revenue collection contracts

      7. 36.Interest

  6. PART 5 Directions to offer to contract

    1. 37.Directions under section 18 of the Act

    2. 38.Form and content of specified terms

    3. 39.Revocation of directions

    4. 40.Publication of revenue collection contracts

    5. 41.Interpretation of Part 5

  7. PART 6 Information and advice

    1. 42.Requests for information

    2. 43.Provision of information other than by request

    3. 44.Provision of advice to the Secretary of State

    4. 45.Restrictions on disclosing information or advice

    5. 46.Supplementary provision for Part 6

    6. 47.Interpretation of Part 6

  8. Signature

    1. SCHEDULE

      1. 1.Regulation 2 has effect as if— (a) every reference to...

      2. 2.Regulation 3 has effect as if— (a) in paragraph (1),...

      3. 3.Regulation 4 has effect as if— (a) in paragraph (1)—...

      4. 4.Regulation 5 has effect as if— (a) each reference to...

      5. 5.Regulation 6 has effect as if— (a) in paragraphs (1),...

      6. 6.Regulation 7 has effect as if— (a) in paragraphs (1)...

      7. 7.Regulation 8 has effect as if— (a) in paragraph (1)—...

      8. 8.Regulation 9 has effect as if— (a) every reference to...

      9. 9.Regulation 10 has effect as if— (a) in paragraph (1),...

      10. 10.Regulation 11 has effect as if every reference to “the...

      11. 11.Regulation 12 has effect as if— (a) in paragraph (1)—...

      12. 12.Regulation 13 has effect as if— (a) in paragraph (1)—...

      13. 13.Regulation 14 has effect as if every reference to “the...

      14. 14.Regulation 15 has effect as if— (a) in paragraph (1),...

      15. 15.Regulation 16 has effect as if— (a) in paragraph (1)—...

      16. 16.Regulation 17 has effect as if— (a) in paragraph (1),...

      17. 17.Regulation 18 has effect as if the references to “the...

      18. 18.Regulation 19 has effect as if— (a) in paragraph (2)—...

      19. 19.Regulation 20 has effect as if— (a) in paragraph (1)(b),...

      20. 20.Regulation 21 has effect as if— (a) in paragraphs (1),...

      21. 21.Regulation 22 has effect as if— (a) the first reference...

      22. 22.Regulation 23 has effect as if every reference to “the...

      23. 23.Regulation 24 has effect as if the references in paragraphs...

      24. 24.Regulation 25 has effect as if— (a) the first reference...

      25. 25.Regulation 26 has effect as if the first reference to...

      26. 26.Regulation 27 has effect as if— (a) in paragraphs (5)...

      27. 27.Regulation 28 has effect as if— (a) every reference in...

      28. 28.Regulation 29 has effect as if— (a) the first reference...

      29. 29.Regulation 30 has effect as if— (a) the first reference...

      30. 30.Regulation 31 has effect as if— (a) in paragraph (1),...

      31. 31.Regulation 32 has effect as if— (a) the reference in...

      32. 32.Regulation 33 has effect as if— (a) in paragraph (1),...

      33. 33.Regulation 34 has effect as if— (a) the first reference...

      34. 34.Regulation 39 has effect as if— (a) in paragraph (2)(c),...

      35. 35.Regulation 40 has effect as if the reference to “the...

      36. 36.Regulation 42 has effect as if— (a) in paragraphs (1),...

      37. 37.Regulation 43 has effect as if— (a) in paragraphs (2)...

      38. 38.Regulations 44, 46 and 47 have effect as if each...

      39. 39.Regulation 45(2)(e) has effect as if— (a) the first reference...

  10. Explanatory Note

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