Annual levelisation paymentsE+W+S
This section has no associated Explanatory Memorandum
22.—(1) The Authority must make annual levelisation payments to licensees and receive annual levelisation payments from licensees.
(2) Subject to article 35, the Authority must make annual levelisation payments out of the levelisation fund and ensure that annual levelisation payments are made into the levelisation fund.
(3) The Authority must, in respect of a FIT year, ensure that the total amount of annual and periodic levelisation payments made out of the levelisation fund is equal to the total amount of annual and periodic levelisation payments made into the fund.