18
CurrentPayment of energy savings shortfall penalties
Schedule 4AEnergy security safeguard schemes
Part 1Energy savings scheme
Division 4Individual energy savings targets
18 Payment of energy savings shortfall penalties
(1)
An energy savings shortfall penalty payable by a scheme participant in respect of a year is payable on 1 March in the following year or on any later date determined by the Scheme Regulator for the scheme participant.
(2)
An energy savings shortfall penalty is payable to the Scheme Regulator, for payment into the Consolidated Fund as public money.
(3)
An energy savings shortfall penalty payable by a scheme participant may be recovered in any court of competent jurisdiction as a debt due to the Crown.
This Act’s bill:Explanatory memorandumSecond reading speech
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