Supply priceN.I.
8.—(1) In these Regulations “supply price” in relation to a supply contract means—
(a)the price (before the application of a discount under the scheme) of energy supplied under that contract, so far as that price is to be paid in respect of the quantity of energy supplied in any period, or
(b)if the supply contract provides for different prices to be paid in respect of different quantities of energy (whether supplied in different periods, or at different times of day or measured by different meters, or otherwise), the average of such prices—
(i)weighted by the quantities supplied to which each such price applies, or
(ii)where applicable, and to the extent that determining the average under sub-paragraph (b)(i) is not practicable, weighted by the number of hours in the day for which each such price applies.
(2) The supply price does not include amounts in respect of—
(a)value added tax;
(b)climate change levy, as defined in section 30 of, and Schedule 6 to, the Finance Act 2000(1).
Commencement Information
I1Reg. 8 in force at 26.4.2023, see reg. 1(1)