Electricity Supply Act 1995

The transfer of an abatement certificate does not have effect until the transfer is registered by the Scheme Administrator under this Part.

An application for registration of a transfer of an abatement certificate is to be made to the Scheme Administrator by the parties to the transfer.

The Scheme Administrator must—

accept the application by registering the transfer of the certificate in the register of abatement certificates, or

refuse the application.

The Scheme Administrator registers the transfer of an abatement certificate by altering the entry relating to that certificate in the register of abatement certificates so as to record the new owner of the certificate.

The Scheme Administrator may refuse an application for registration of a transfer of an abatement certificate on such grounds as may be specified in the regulations.

The Scheme Administrator must refuse an application for registration of a transfer of a non-transferable abatement certificate unless—

the Scheme Administrator is satisfied that the transfer is associated with the sale of the business, or part of the business, in connection with which the abatement certificate was created to the person to whom the certificate is to be transferred, or

the Scheme Administrator is authorised by the regulations to register the transfer.

The regulations may make provision for or with respect to applications for the registration of transfers of abatement certificates, including by requiring an application fee to be paid to the Scheme Administrator.