SCHEDULE 1Settlement calculations
Settlement costs levy: the first levy period9
1
The Settlement Body must, in respect of the first levy period, calculate the amount of settlement costs levy (“”) to be paid by each liable electricity supplier (“S”) in accordance with the formula—
2
In this paragraph—
- “” means the net demand of S for the first levy period;
- “” means the sum of the net demand of all liable electricity suppliers for the first levy period;
“the first levy period” has the same meaning as in regulation 44;
“liable electricity supplier” has the same meaning as in regulation 44;
“net demand” means the sum of the demand for active energy for which an electricity supplier is responsible including demand directly connected to the transmission system or a distribution network, less the output of any generation for which an electricity supplier is responsible that is connected to a distribution network, and for the purposes of this paragraph net demand cannot be less than zero; and
“PA” means the prescribed amount, as specified in regulation 44(2).