In accordance with Section C8.11 – C8.13 of the SEC, in January of each year the Panel is required to set out a draft budget for the following three Regulatory Years commencing thereafter. Following consultation with Parties and Panel approval, the Approved Budget is published on the SEC Website to become effective on 1 April of that Regulatory Year.
The Draft Budget for the Regulatory Years 2020-2023 was approved by the Panel on 14 February 2020 and can be found below. The Approved Budget for 2020-2023 will become effective on 1 April 2020.
The SEC Panel’s response to the comments received by the organisations that responded to the Draft Budget consultation in January 2020 can also be found below.