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The Electricity (Competitive Tenders for Offshore Transmission Licences) Regulations 2013
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- UK Statutory Instruments
- 2013 No. 175
- PART 4
- Regulation 9
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Developer’s payment and security
9. Prior to publishing a notice in accordance with regulation 11, the Authority shall give notice to the developer of–
(a)the amount of payment that the Authority requires to be paid by the developer in relation to the Authority’s tender costs as calculated in accordance with the Authority’s cost recovery methodology; and
(b)the security that the Authority requires to be provided by the developer or such other person with whom the developer has made arrangements and has been approved by the Authority, in relation to the Authority’s tender costs as calculated in accordance with the Authority’s cost recovery methodology.
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