Title page
Contents
Introduction 5
Scope of consultation 8
Consultation details 9
Confidentiality and data protection 11
Quality assurance 11
Background on RAB revenue mechanics 12
Legislative processes under RAB 12
Explanation of CFD payment mechanics as context 13
Interim levy rate 13
Reserve amounts 14
Reconciliation 14
CFD Operational costs levy 14
Nuclear RAB payment mechanics - What is different? 15
Policy Proposals 17
Revenue regulations proposed to be replicated from CFD ESO regulations 17
The supplier obligation 17
Setting the interim levy rate 17
Estimated cost, income & electricity supply 18
Interim rate payments 18
Data reconciliation of interim rate payments 18
Reserve payments 18
Individual suppliers' reserve amounts 18
Adjustments to interim rate and additional reserve payments 18
Reconciliation 19
Mutualisation 19
Requirement to provide collateral 19
The operational costs levy 20
Enforcement of requirements 20
Dispute notices 20
Duties of revenue collection counterparty to enforce and notify 20
Notices and publications 20
Set-off of payments by the revenue collection counterparty 20
Netting off payments by the revenue collection counterparty 21
Discharge of obligations by payment 21
Use of payments 21
Apportioning sums to revenue collection contracts 21
Interest 21
Schedule 21
Frequency of payments by suppliers 22
Nuclear RAB specific revenue regulations 24
Information sharing mechanics in determining supplier payment obligations 24
Wider information sharing 25
Revenue collection counterparty 25
Ofgem 26
The Secretary of State 26
Notice periods for the interim levy rate, total reserve amount and individual suppliers' reserve amounts 27
Secretary of State directions and terms of a revenue collection contract 29
Revenue collection counterparty's ability to carry out its functions 31
Projecting future supplier charges 32
Exemptions to RAB supplier payment obligations 33
Energy Intensive Industries ('EII') exemption 33
The Green Excluded Electricity ('GEE') exemption 33
Potential measures relating to vulnerable groups and consumers who are in receipt of Universal Credit 34
LCCC's operational costs 36
General 37
Next steps 38
Figure 1. RAB payment mechanics (operations phase) 16