54Manner in which billing amount to be paid

54 Manner in which billing amount to be paid

(1)  For the purposes of section 44E(5) of the Act, the manner of paying feed-in tariff billing amounts is the manner set out in this regulation.

(2)  Subject to subregulation (3) , a feed-in tariff billing amount in respect of premises is to be paid to a feed-in tariff customer in respect of the premises by crediting the amount to the customer's electricity account for the billing period in respect of the feed-in tariff billing amount.

(3)  If the feed-in tariff billing amount, in respect of a billing period, that the authorised retailer is required to pay to the customer is more than the amount for which the customer is to be charged for the supply of electricity to the premises during that billing period, the authorised retailer is to pay the feed-in tariff billing amount in accordance with the relevant choice as to payment made by the customer by notice to the authorised retailer.

(4)  For the purposes of subregulation (3) , the relevant choices as to payment of a feed-in tariff billing amount, in respect of a billing period, in relation to premises are –

(a) the choice to have the amount credited to an electricity account of the customer for a subsequent billing period in relation to the premises; or

(b) the choice to receive the amount, within the period of 30 days after the electricity account in respect of the billing period is sent to the customer, by cash, cheque, bank deposit or electronic transfer of funds, whichever may be selected by the customer.