28.—(1) The Secretary of State must determine in respect of a FIT year—
(a)the value per kilowatt hour of electricity for the purpose of net metered exports;
(b)the value of deemed exports for the purpose of net deemed export payments;
(c)the costs of a licensee which constitute qualifying FIT costs.
(2) Except in respect of FIT year 1, the Secretary of State must publish a determination made under paragraph (1) 1 month before the beginning of each FIT year.
(3) For FIT year 1, the values under sub-paragraphs (1)(a) and (b) are as follows—
(a)the value of electricity for the purpose of net metered exports is 3 pence per kilowatt hour;
(b)the value of deemed exports for the purpose of deemed export payments is the amount of electricity deemed to have been exported by accredited FIT installations during FIT year 1, multiplied by the average time weighted system sell price for electricity given in the Balancing and Settlement Code in respect of FIT year 1, this value to be apportioned to a licensee in accordance with the market share of the licensee.
(4) For FIT year 1, the costs under sub-paragraph (1)(c) may be—
(i)determined by the Secretary of State during FIT year 1; and
(ii)published by the Secretary of State during FIT year 1 after determination has been made.