48Recommendations about LTES agreements

48 Recommendations about LTES agreements

48 Recommendations about LTES agreements

(1) The consumer trustee must make recommendations to the scheme financial vehicle about the LTES agreements that the scheme financial vehicle may enter into.

(2) In making a recommendation, the financial value of LTES agreements is to be the primary consideration for the consumer trustee.

(3) The consumer trustee must not recommend the making of an LTES agreement that relates to generation infrastructure specified in section 43(1)(a) that is not, or will not be, part of a renewable energy zone, unless the consumer trustee is satisfied that the LTES agreement shows outstanding merit.

(4) The regulations may make provision for or with respect to—

(a) the circumstances in which an LTES agreement shows outstanding merit for the purposes of subsection (3), and

(b) the matters to be taken into account by the consumer trustee in making recommendations.