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The Renewables Obligation (Scotland) Amendment Order 2023
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Amendment to article 48 (shortfall in the buy-out and late payment funds: the total mutualisation sum)
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3.—(1) Article 48 is amended in accordance with paragraphs (2) and (3).
(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—
“(3A) The mutualisation threshold for a relevant period is determined as 0.1% of A x B, rounded to the nearest £100,000 with £50,000 being rounded upwards, where—
(a)A is the total obligation for the relevant period determined under article 11,
(b)B is the buy-out price for the relevant period referred to in article 43(4).”.
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