Renewable Energy Act 2011 · s 19

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s 19Recovery of moneys from Renewable Energy Fund

A distribution licensee shall be entitled to recover from the Fund, a sum equivalent to the difference between—

(a)

the amount of feed-in tariffs paid by the distribution licensee to feed-in approval holders in accordance with section 16; and

(b)

the cost which the distribution licensee would have otherwise had to incur to generate the same amount of electricity generated by such feed-in approval holders based on prevailing displaced cost, in accordance with such procedures and methods of calculation as may be prescribed by the Authority.