Part 2: Revenue collection contracts Section 18: Direction to offer to contract
This section allows for the Secretary of State to direct a revenue collection counterparty to offer to enter into a revenue collection contract with a designated nuclear company.
	Subsection (1) confers a power on the Secretary of State to issue a direction to the revenue collection counterparty to offer to enter into a revenue collection contract with a designated nuclear company, in accordance with terms specified in the direction.
	Subsections (2) and (3) provide that revenue regulations can set out the circumstances in which such a direction can or must be made, as well as the terms that may or must be specified in a direction. This may include certain terms that are required to be part of the revenue collection contract, such as terms relating to the determinations to be made by the Authority under the nuclear company’s licence. The provisions made within revenue regulations will include calculations for where payments may be due and how these are to be determined.
	Subsection (4) clarifies that references to a designated nuclear company in this section refer to a nuclear company in relation to which a designation under section 2(1) has effect.