http://www.legislation.gov.uk/ukpga/2022/44/section/9Energy Prices Act 2022enStatute Law Database2025-05-24Expert Participation2025-03-13 9 1 The Secretary of State may, by regulations, make provision for and in connection with— a reducing the amounts that would otherwise be charged for GB non-domestic electricity supply by licensed electricity suppliers, and b making payments to those suppliers in respect of those reductions. 2 The Secretary of State may, by regulations, make provision for and in connection with— a reducing the amounts that would otherwise be charged for GB non- domestic gas supply by licensed gas suppliers, and b making payments to those suppliers in respect of those reductions. 3 Regulations under this section may, in particular, provide for reductions in amounts charged to be calculated by reference to the difference between— a the wholesale price paid for electricity or gas, as a component of the amounts that would otherwise be charged for the supply of electricity or gas, and b a notional wholesale price, if it is lower than the wholesale price paid. 4 If the regulations make such provision, they may in particular— a provide for— i the wholesale price paid to be the actual wholesale price paid or a wholesale price treated as paid, and ii that wholesale price to be specified in or under the regulations, or determined in accordance with the regulations; b provide for the notional wholesale price to be specified in or under the regulations, or determined in accordance with the regulations. 5 The Secretary of State may review the operation of regulations under this section. 6 Regulations under this section are subject to the affirmative procedure. 7 Schedule 1 describes particular kinds of provision that may be made by regulations under this section. 8 For provision about time limits on the exercise of the powers conferred by this section, see Schedule 6. S. 9 in force at Royal Assent, see s. 30(6)