There are currently no known outstanding effects for the Finance Act 2015, Cross Heading: Generation of electricity involving contracts for difference.
3U.K.In section 198A—
(a)in subsection (3), omit “or” at the end of paragraph (b) and for paragraph (c) substitute—
“(ba)a contract for difference has been entered into in connection with the generation of the electricity, or
(c)a scheme established in a territory outside the United Kingdom that—
(i)corresponds to one set out in a renewables obligation order under section 32 of the Electricity Act 1989, or
(ii)is similar to one established by virtue of regulations under Chapter 2 of Part 2 of the Energy Act 2013 (contracts for difference),
operates to incentivise the generation of the electricity.”, and
(b)in subsection (9), at the appropriate place insert—
““contract for difference” means a contract for difference within the meaning of Chapter 2 of Part 2 of the Energy Act 2013 (see section 6(2) of that Act);”.
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