PART 3Budgets applicable to allocation rounds
Application10
1
This Part applies to an allocation round which has been established further to an allocation round notice.
2
A notice given by the Secretary of State under this Part must be made publicly available by the Secretary of State as soon as practicable after it is given.
Budget notices11
1
The Secretary of State must by notice (“a budget notice”) specify—
a
the overall budget which is available for each delivery year applicable to an allocation round; and
b
the administrative strike prices applicable to applications in an allocation round.
2
The Secretary of State may in a budget notice specify any of the following—
a
budgets which are reserved for the descriptions of applications specified in the notice (“minima”);
b
maximum budgets which apply to the descriptions of applications specified in the notice (“maxima”);
c
a division of the overall budget such that a different part (“pot”) of the overall budget applies to the description of applications specified in the notice.
3
Where maxima or minima are specified, they may be expressed as—
a
a sum of money;
b
an amount of capacity of electricity generation; or
c
a combination of (a) and (b).
4
Where—
a
the overall budget is expressed as a sum of money; and
b
that sum is stated by reference to a price which is not current at the date of the budget notice,
the budget notice must include a factor which, when applied to that sum, converts that sum into a price which is current at that date.
5
A budget notice must—
a
be given to the delivery body;
b
identify the allocation round to which the budget notice applies; and
c
be given no later than 10 working days before the commencement date of the allocation round.
Budget revision12
1
This regulation applies where the Secretary of State has given a budget notice in respect of an allocation round.
2
Subject to the application of paragraph (5), the Secretary of State—
a
may amend, add to or remove any of the matters listed in regulation 11(2) for the allocation round (“a budget revision”); but
b
must only effect a budget revision by a notice (“a budget revision notice”) which complies with regulation 13.
3
The Secretary of State may make any budget revision where that revision has effect more than 10 working days before the commencement date of the allocation round.
4
Paragraph (5) applies where the Secretary of State intends to make a budget revision which is to have effect—
a
10 or fewer working days before the commencement date of the allocation round; or
b
on or after the commencement date of the allocation round.
5
Where this paragraph applies, the Secretary of State may increase the overall budget but must not—
a
decrease—
i
the overall budget;
ii
any maxima; or
iii
any minima; or
b
increase any maxima or minima, unless the overall budget is increased by at least the same amount.
Budget revision notices13
A budget revision notice must—
a
be given to the delivery body;
b
identify the allocation round to which the budget revision notice applies;
c
describe the budget revision; and
d
be given at least one working day before the date on which the revision set out in the notice is to have effect.