Electricity Costs (Emergency Measures) Domestic Accounts Act 2023
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Transfer of monies by Minister to electricity suppliers for purposes of Submeter Support Scheme | ||
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8. (1) The Minister shall, as soon as practicable after he or she has been notified by each electricity supplier in accordance with section 9 (1)(b), with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform, subject to subsection (3), on such date (in this Act referred to as an “operative date”) as the Minister, with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform, prescribes for the purposes of this subsection in respect of each payment period— | ||
(a) notify each electricity supplier concerned of the amount of monies to be transferred by the Minister to the electricity supplier concerned under paragraph (b), and | ||
(b) transfer to each electricity supplier concerned, within the prescribed period, from the monies allocated under section 7 , the amount of monies to be used by the electricity supplier for the sole purpose of the Submeter Support Scheme, in accordance with section 9 . | ||
(2) The Minister may request information additional to that notified to him or her in accordance with section 9 (1)(c), including up-to-date information in relation to the number of supplier submeter accounts, from an electricity supplier, for the purpose of transferring the amount under subsection (1). | ||
(3) An operative date prescribed for the purposes of subsection (1) in respect of a payment period shall— | ||
(a) be a date that is not earlier than the date of receipt of monies by the electricity suppliers in accordance with section 9 (1)(d), and | ||
(b) be a date during the relevant period and not later than the commencement of the payment period concerned. | ||
(4) In this section, “prescribed period” means such period as the Minister, with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform, prescribes for the purposes of subsection (1)(b) in respect of each payment period. |