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GEOTHERMAL ENERGY REGULATION 2022 - REG 40
Definitions for part
In this part—
"component" , of the wellhead value of geothermal energy produced by or for a
geothermal producer in a royalty return period, means—
(a) an element used
to work out the projected amount under section 43 (1) (a) for the geothermal
energy; or
(b) an expense, or an amount contributing to an expense, mentioned
in section 41 (1) (a) , (c) or (d) , for the geothermal energy.
"geothermal royalty decision" see section 45 (1) .
"operating expenses" , for geothermal energy produced by or for a geothermal
producer in a royalty return period, see section 41 .
"royalty return period" means each of the following 3-month periods in a
year— (a) 1 January to 31 March;
(b) 1 April to 30 June;
(c) 1 July to 30
September;
(d) 1 October to 31 December.
"wellhead value" , of geothermal energy produced by or for a geothermal
producer in a royalty return period, means the wellhead value worked out for
the geothermal energy under section 43 for the period.
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