Periodic levelisationE+W+S
29.—(1) During a FIT year the Authority must make levelisation payments and receive levelisation payments on account of such payments for that year.
(2) A levelisation payment to be made or received on account under paragraph (1) is a periodic levelisation payment.
(3) Subject to article 35, the Authority must make periodic levelisation payments out of the levelisation fund and ensure that periodic levelisation payments are made into the levelisation fund.
(4) Subject to article 31, it is the function of the Authority to determine the periods during a FIT year when periodic levelisation payments may be made and received (“periodic levelisation periods”).
(5) The Authority—
(a)may require a licensee to make a periodic levelisation payment at any time during a periodic levelisation period; but
(b)is not required to make a periodic levelisation payment to a licensee before the end of a periodic levelisation period.