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The Renewables Obligation (Amendment) Order 2021
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- UK Statutory Instruments
- 2021 No. 415
- Article 3
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Amendment to article 72 (determining whether a relevant shortfall has occurred)
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3.—(1) Article 72 is amended as follows.
(2) For paragraph (3), substitute—
“(3) A shortfall in relation to a relevant period is a relevant shortfall if it is equal to, or in excess of, the mutualisation threshold for that period.”.
(3) After paragraph (3), insert—
“(4) The mutualisation threshold for a relevant period is determined as 1% of A x B, rounded to the nearest £100,000 with £50,000 being rounded upwards, where—
(i)A is the total obligation for the relevant period determined under article 12;
(ii)B is the buy-out price for the relevant period referred to in article 67(4).”.
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