Textual Amendments
F1Sch. 1 repealed (1.10.2001) by 2000 c. 27, s. 108, Sch. 8; S.I. 2001/3266, art. 2, Sch. (subject to transitional provisions in arts. 3-20)
Textual Amendments
F2Sch. 2A inserted (20.5.2009) by Energy Act 2008 (c. 32), ss. 44(4), 110(2), Sch. 2; S.I. 2009/1270, art. 2
14(1)Where the Authority is required to make a property scheme, the terms of the scheme must be such as the successful bidder and the asset owner may agree or, if they fail to agree, as the Authority may determine.U.K.
This is subject to sub-paragraphs (2) to (9).
(2)A property scheme must not provide for any provision to come into operation before the end of the period of 21 days beginning with the day on which the scheme is made.
(3)In determining the terms of a scheme under sub-paragraph (1), the Authority must, in particular, determine whether the scheme should include provision for compensation to be paid—
(a)by the successful bidder to the asset owner, or
(b)by the asset owner to the successful bidder,
and, if so, what that provision should be.
(4)The Authority may not include in a property scheme provision which would adversely affect a third party unless it determines that it is necessary or expedient for [F3construction, commissioning or operational purposes] for the provision to be made.
(5)Where the Authority includes in a property scheme provision which would adversely affect a third party, the Authority must determine whether the scheme should include provision for compensation and, if so, what that provision should be.
(6)The Authority may include in a property scheme provision for payments to be made by the successful bidder or the asset owner (or both) in respect of costs incurred in connection with the scheme (including the application for the scheme) by—
(a)the Authority,
[F4(aa)a delivery body,
(ab)a contract counterparty,]
(b)the successful bidder,
(c)the asset owner, or
(d)a third party affected by a provision of the property scheme.
(7)For the purposes of making a determination under sub-paragraph (6), the Authority may have regard to the conduct of the parties mentioned in sub-paragraph (6)(a) to (d).
(8)Any sums received by the Authority under sub-paragraph (6) are to be paid into the Consolidated Fund.
(9)For the purposes of this paragraph, a provision of a property scheme adversely affects a third party if that party—
(a)is affected by the provision (see paragraph 38(2)), and
(b)does not consent to the making of the provision by means of the scheme.
Textual Amendments
F3Words in Sch. 2A para. 14(4) substituted (26.10.2023) by Energy Act 2023 (c. 52), s. 334(2)(i), Sch. 15 para. 16(a)
F4Sch. 2A para. 14(6)(aa)(ab) inserted (26.10.2023) by Energy Act 2023 (c. 52), s. 334(2)(i), Sch. 15 para. 16(b)
15(1)A determination under paragraph 14, so far as relating to any financial matter, must be made on the basis of what is just in all the circumstances of the case.U.K.
(2)A determination under paragraph 14, so far as relating to any other matter, must be made on the basis of what appears to the Authority to be appropriate in all the circumstances of the case having regard, in particular, to what is necessary or expedient for [F5construction, commissioning or operational purposes].]
Textual Amendments
F5Words in Sch. 2A para. 15(2) substituted (26.10.2023) by Energy Act 2023 (c. 52), s. 334(2)(i), Sch. 15 para. 17