29.—(1) This regulation provides for reconciliation and adjustment to continue, after the scheme end date, in respect of claims for discount recovery in respect of periods of supply within the scheme period.
(2) The provisions of this Part continue to apply, on the basis set out in paragraph (3), with effect from the scheme end date until the reconciliation run-off date.
(3) No day after the scheme end date is counted in any period of supply in respect of any supply contract, and accordingly there is no base recovery amount in respect of any period after the scheme end date.
(4) Unless otherwise permitted by the Secretary of State, a supplier must submit a discount recovery claim in each claim window in the reconciliation run-off period.
(5) The Secretary of State must determine, in respect of each supplier or some or all suppliers collectively, the date after the scheme end date with effect from which it is not likely (in the opinion of the Secretary of State) that any material amounts will be calculated under regulation 23(1)(b), and at least 10 days before that date give notice to the supplier or suppliers of that date.
(6) In this regulation—
(a)the “reconciliation run-off date” in respect of a supplier is the date determined by the Secretary of State under paragraph (5);
(b)the “reconciliation run-off period” is the period from the day after the scheme end date to the reconciliation run-off date (both dates inclusive);
(c)the “scheme end date” is—
(i)in relation to a person who (as described in regulation 4(3)) ceases to hold an electricity supply licence or gas supply licence, the date on which it ceases to hold that licence;
(ii)in relation to any other supplier, the last day of the scheme period.
Commencement Information
I1Reg. 29 in force at 1.11.2022, see reg. 1(1)