S.I. No. 833/2004 - Electricity Regulation Act 1999 (Electricity) Levy Order 2004

Type Statutory Instrument
Publication 2004-12-16
Last updated 2005-12-16
State Repealed superseded text
Text As published
articles 8

This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.

1 amending act · 2005-12-16, S.I. No. 819/2005 - Electricity Regulation Act 1999 (Electricity) Levy Order 2005

Reform history JSON API

The Commission for Electricity Regulation in exercise of the powers conferred on it by the Electricity Regulation Act 1999 (No. 23 of 1999) as amended, hereby makes the following Order:

1.

1.

(1) This Order may be cited as the Electricity Regulation Act 1999 (Electricity) Levy Order 2004.

2.

2.

(1) In this Order—

“the Act” means the Electricity Regulation Act 1999 (No. 23 of 1999) as amended;

“actual quantity” means, in relation to a relevant undertaking, the quantity of electricity, in Megawatt-hours (MWhrs), which has been generated, or supplied at the trading point, as the case may be calculated in accordance with the trading and settlement rules; in the case of ESB Public Electricity Supply (PES) the actual quantity will be the residual of electricity supplied after the independent suppliers’ demand has been deducted from the system demand calculated at the trading point;

“banking day(s)” means day(s) on which banks in Ireland generally are open for business (except in any event on Saturday or Sunday);

“the Commission” means the Commission for Energy Regulation established under the Act;

“levy year” means a calendar year;

“quarter” means a period of 3 months ending on 31 March, 30 June, 30 September, and 31 December;

“relevant quantity” means, in relation to a relevant undertaking, the forecast quantity of electricity in MWhrs, which it is estimated, will be generated, and/or supplied at the trading point, as the case may be;

“settlement system administrator” means the transmission system operator acting in its capacity as administrator of the settlement system for the purposes of trading and settlement;

“trading point” means the notional point where electricity is traded for the purposes of settlement under the trading and settlement code taken to be the boundary between the transmission and distribution systems;

“vertically integrated undertaking” means an undertaking performing two or more of the functions of generation, transmission, distribution and supply of electricity;

and any cognate words shall be construed accordingly.

3.

3.

This Order shall apply to the classes of electricity undertakings set out in the Schedule to this Order (“relevant undertakings”).

4.

4.

(1) A levy is hereby imposed on each relevant undertaking. This levy will be payable in respect of each levy year.

5.

5.

(1) The levy imposed shall be payable by the relevant undertaking separately for each activity of generation, transmission, distribution or supply, as the case may be, that is carried out by the relevant undertaking in Ireland.

6.

6.

(1) Generators and suppliers shall—

7.

7.

(1) Where any amount falling to be paid under Article 5 is not paid within the period for payment specified in Article 4, interest thereon shall accrue at the prescribed interest rate compounded monthly from the date when such payment is due until the same is made.

8.

8.

(1) All payments shall be made in Euro on the due date by direct bank transfer or equivalent instantaneous transfer of funds to the bank account specified by the Commission.

SCHEDULE

The relevant undertakings for the purposes of this Levy Order are a class consisting of:

Sealed with the common seal of the Commission for Energy Regulation on 16 December 2004.
TOM REEVES, Chairperson of the Commission.

EXPLANATORY NOTE.

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

This order imposes a levy on certain specified classes of electricity undertakings, for the purpose of meeting expenses properly incurred by the Commission for Energy Regulation in the discharge of its functions under the Act.

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