The Warm Home Discount (Amendment) Regulations 2014 No. 695

Amendments to regulation 14 of the Warm Home Discount Regulations 2011

2.—(1) Regulation 14 (Adjustments for banking and borrowing) of the Warm Home Discount Regulations 2011(1) is amended as follows.

(2) For paragraph (3)(b), substitute—

“(b) in relation to—

(i) scheme years 2 and 3, 1% of S_t-1, if the amount determined under sub-paragraph (a) is greater than 1% of S_t-1; or

(ii) scheme year 4, 34% of S_t-1, if the amount determined under sub-paragraph (a) is greater than 34% of S_t-1.”.

(1)

S.I. 2011/1033.