Part 7: Market Reform and Consumer Protection Section 214: Payment as alternative to complying with certain energy company obligations
Section 214 grants the Secretary of State the power to introduce a buy-out mechanism under the Energy Company Obligation (ECO) scheme.
	This allows the Secretary of State powers to include provisions in the secondary legislation for the ECO scheme that gives suppliers the option to meet their obligations by making a payment to an approved third party, for an approved purpose.
	The section also provides powers that enable the Secretary of State to make provisions on the amount of payment and the determination of the approved third parties and approved purposes.