10Licences that cease to be in effect during payment periods

10 Licences that cease to be in effect during payment periods

(1) This section applies if, during a period mentioned in Part 2 (amounts of levy), a licence: (a) is cancelled; or (b) ceases to be in force under paragraph 74(6)(a) (licence surrender) of the Offshore Electricity Infrastructure Act 2021; or (c) in the case of a feasibility licence—ceases to have effect under paragraph 36(4)(a) of that Act; or (d) otherwise ceases to be in effect.

Note: This section does not apply merely because a licence reaches its end day (within the meaning of the Offshore Electricity Infrastructure Act 2021).

(2) Part 2 applies as if the licence were held for the whole of the period, but the amount of levy is to be worked out on a pro rata basis by reference to the number of days in the period before the licence ceased to be in effect.