Section 257MS — Finance Act 2014: Excluded activity: subsidised generation or export of electricity

Excluded activity: subsidised generation or export of electricity 257MS 1 This section supplements section 257MQ(1)(f).

2 Electricity is exported if it is exported onto a distribution system or transmission system (within the meaning of section 4 of the Electricity Act 1989).

3 The generation of electricity is subsidised if a person receives a FIT subsidy in respect of the electricity generated.

4 The export of electricity is subsidised if a person receives a FIT subsidy in respect of the electricity exported.

5 In this section— “ FIT subsidy ” means—

a financial incentive under a scheme established by virtue of section 41 of the Energy Act 2008 (powers to amend licence conditions etc: feed-in tariffs) to encourage small-scale low-carbon generation of electricity, or a financial incentive under a similar scheme established in Northern Ireland, or in a territory outside the United Kingdom, to encourage small-scale low-carbon generation of electricity; “ small-scale low-carbon generation of electricity ” has the meaning given by section 41(4) of the Energy Act 2008.