Schedule 9: Independent System Operator and Planner: transfers Part 1 – Transfer schemes Compensation
Under paragraph 8, a transfer scheme may provide for the Secretary of State to pay compensation to the transferor as part of any transfer scheme related to the initial establishment of the ISOP or to enable it to carry out its functions and activities. The amount to be paid must be agreed by the Secretary of State and the relevant transferor. If an agreement is not reached, the Secretary of State and the transferor are required to jointly appoint an independent valuer to determine the compensation or, failing this, the Secretary of State can make the appointment on behalf of both parties. The Secretary of State can also nominate a person to act on their behalf.
	The Secretary of State may by regulations set out the procedures to be followed by the valuer, matters to which the valuer must have regard, or assumptions which the valuer must apply. Provision can also be made to require the Secretary of State and transferor to provide the valuer with information, or regard for a valuation to be binding in specified circumstances.