294 Generation acquired and supplied by JV participants
Finance (No 2) Act 2023 (2023 c 30) | Legislation

294  Generation acquired and supplied by JV participants

(1)     Subsection (3) applies to generation if —

(a)     the generation is attributed to a joint venture undertaking, other than in accordance with this section or sections 295 to 297,

(b)     it is supplied, directly or indirectly, to a generating undertaking (“Q”) that is a participant in the joint venture (“the JV”) that comprises, or is the principal member of, the joint venture undertaking, and

(c)     it is subsequently the subject of a wholesale purchase of electricity from Q.

(2)     Where the generation attributed to the joint venture undertaking is generation falling within section 282(3)(b) (generation expected to be generated which was not generated), reference in subsection (1) to supply or purchase is to

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