ELECTRICITY INDUSTRY ACT 2000 - SECT 40FBA Rates for purchases of small renewable energy generation electricity

ELECTRICITY INDUSTRY ACT 2000 - SECT 40FBA

For the purposes of section 40FB(2)(a), in each financial year the amount to be credited against the charges payable to a relevant licensee by a customer who is a relevant generator is determined at—

        (a)     the rate or rates determined by the Commission under section 40FBB for that financial year; or

        (b)     if the Commission has not determined one or more rates under section 40FBB for that financial year—the rate or rates that applied immediately before the commencement of that financial year.

S. 40FBB (Heading) amended by No. 1/2017 s. 5(1).

S. 40FBB inserted by No. 35/2013 s. 5.