PART 6Levelisation process
CHAPTER 2Periodic levelisation
Periodic levelisation29
1
During a FIT year the Authority must make levelisation payments and receive levelisation payments on account of such payments for that year.
2
A levelisation payment to be made or received on account under paragraph (1) is a periodic levelisation payment.
3
Subject to article 35, the Authority must make periodic levelisation payments out of the levelisation fund and ensure that periodic levelisation payments are made into the levelisation fund.
4
Subject to article 31, it is the function of the Authority to determine the periods during a FIT year when periodic levelisation payments may be made and received (“periodic levelisation periods”).
5
The Authority—
a
may require a licensee to make a periodic levelisation payment at any time during a periodic levelisation period; but
b
is not required to make a periodic levelisation payment to a licensee before the end of a periodic levelisation period.