The Energy (Oil and Gas) Profits Levy (Energy Security Investment Mechanism) Regulations 2024
These Regulations specify how the average price of oil and the average price of gas over a reference period are to be calculated for the purposes of section 17A(1) of the Energy (Oil and Gas) Profits Levy Act 2022 (“the 2022 Act”), which provides for the circumstances in which the Energy Profits Levy will end early (the Energy Security Investment Mechanism).
Lifecycle
Department
Made
18 Nov 2024
—
In force
10 Dec 2024
Enabling power
The Treasury make these Regulations in exercise of the powers conferred by section 17B(3) of the Energy (Oil and Gas) Profits Levy Act 2022.
DocumentsOpen on legislation.gov.uk →