SI 2020/958

SI 2020/958. The Climate Change Agreements (Administration and Eligible Facilities) (Amendment) Regulations 2020. Comes into force 1st October. This regulation amends the Climate Change Agreements (Administration) Regulations 2012 (SI 2012/1976) to provide for a new target period from 1st January 2021 to 31st December 2022. It also amends the terms to be included in an underlying agreement relating to the buy-out fee, and amends the formulas to provide that any surplus will not be taken into account in calculating the buy-out fee for the new target period. Finally it inserts a power for the administrator to vary a climate change agreements.