Spending on industry initiatives by a compulsory scheme electricity supplier
24.—(1) A compulsory scheme electricity supplier may in respect of a scheme year count towards its non-core spending obligation spending (excluding Value Added Tax) incurred in that scheme year on an activity of a kind listed in the table in Part 1 of Schedule 3 (an “industry initiative”) by—
(a)the supplier; or
(b)a connected scheme gas supplier, to the extent permitted by regulation 26.
(2) But spending on an industry initiative does not count towards a supplier’s non-core spending obligation if the spending—
(a)is incurred pursuant to a requirement in—
(i)any other enactment; or
(ii)an electricity supply or gas supply licence;
(b)is counted by a scheme supplier towards a spending obligation or target imposed by—
(i)any other enactment; or
(ii)an electricity supply or gas supply licence; or
(c)falls within any exception in the table in Part 1 of Schedule 3.
(3) In addition, spending on an industry initiative does not count towards a supplier’s non-core spending obligation unless—
(a)the industry initiative has been notified to the Authority; and
(b)either—
(i)the spending takes place after the Authority approves the initiative; or
(ii)in relation to scheme year 12, the spending takes place before the Authority decides whether to approve the initiative but the Authority subsequently approves it.