(1) The Utility shall recover the cost of any oversight activity for each fiscal year through the levy of fees on each market participant.

(2) The fees levied by the Utility in respect of the cost of an oversight activity shall be calculated based on a formula approved by the Commission.

(3) The Utility shall publish in the Gazette the approved formula and schedule of fees chargeable for the oversight activities of the Electricity Market Oversight Panel.

(4) The monies accruing from fees shall be lodged in a separate account opened by the Board of the Commission and with the approval of the Controller and Accountant General. 

(5) The monies accruing from fees shall be applied exclusively for the purposes of the Electricity Market Oversight Panel.

(6) The annual programmes and budget of the Electricity Market Oversight Panel shall be approved by the Commission.