This document sets out the rules and procedures, which will govern the operation and administration of the Electricity Sector System Benefit Fund (“SBF”) established pursuant to the Electricity Act, 2015 (“the EA”). Section 50 of the EA requires that the SBF be administered and controlled by the Office of Utilities Regulation (the “Office”).
Among other things, the document outlines the legal basis for establishing the SBF, the stakeholders’ roles in relation to the SBF, the proposed treatment of the SBF assets, and the level and types of monitoring required for proper accountability to all stakeholders, specifically the electricity customer stakeholder group.
