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The Nuclear Regulated Asset Base Model (Revenue Collection) Regulations 2023
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- UK Statutory Instruments
- 2023 No. 254
- PART 2
- CHAPTER 4
- Regulation 11
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11.—(1) Where the revenue collection counterparty is of the opinion that there is a high degree of likelihood that it will be unable to make all payments it is required to make to RCC parties in respect of a quarterly obligation period it may, if it thinks it expedient to do so—
(a)determine an adjusted interim levy rate in respect of that period in accordance with regulation 12;
(b)determine an additional total reserve amount in respect of that period in accordance with regulation 13;
(c)determine an adjusted interim levy rate and an additional total reserve amount in respect of that period.
(2) The revenue collection counterparty must take such steps as it considers necessary to ensure that electricity suppliers are kept informed of the likelihood that it will be unable to make all payments it is required to make to RCC parties in respect of a quarterly obligation period.
(3) Where the revenue collection counterparty is of the opinion that there is a high degree of likelihood that it will collect significantly more from suppliers under regulations 7(1) and 10(1) in respect of a quarterly obligation period than the amount it requires to be able to make all payments it is required to make to RCC parties in respect of that period it may, in accordance with regulation 12, determine an adjusted interim levy rate in respect of that period.
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