SCHEDULES

SCHEDULE 6Community electricity right regulations

PART 1The right to buy

The price of the stakes

9

(1)

Right to buy regulations must make provision about setting the price of the available stakes in a qualifying facility.

(2)

In making the regulations, the Secretary of State must have regard to the desirability of the prices of available stakes reflecting a measure of fair value.

(3)

In this paragraph “available stakes”, in relation to a qualifying facility, means the stakes in the qualifying facility that are to be offered through the right to buy.