Section 5
Electricity Fund
of Electricity Supply Enactment 2024
A fund to be known as the “Electricity Fund” is established and shall be administered and controlled by the Commission.
(2)
The Electricity Fund shall consist of —
(a)
such sums allocated and paid by a licensee pursuant to section 4;
(b)
such sums as may be provided by the Legislative Assembly for the purposes of the Electricity Fund from time to time;
(c)
all moneys derived as income from investments made from the
Electricity Fund, including interest income; and
(d)
all other moneys lawfully received by the Commission on behalf of the Electricity Fund.
(3)
The Electricity Fund shall be expended for the following purposes:
(a)
to manage the impact of electricity tariff on consumers; or
(b)
such other purposes pertaining to the electricity as deemed necessary by the Commission.