Minutes of UKEB Private Meeting 26 April 2024

PRESENT:

1. Education Session: Power Purchase Agreements

1. The Board received an education session on the topic of the forthcoming IASB Exposure Draft: Power Purchase Agreements. The Board was reminded that the project initiation plan for this project would be considered at the public Board meeting.

2. Administrative Matters

Welcome and apologies for absence

1. The Board noted apologies from Owen Glaysher, Giles Mullins and Robin Cohen.

Declaration of interests

1. There were no declarations of interest.

Minutes of the last meeting

1. The Board approved the minutes of the meeting held on 28 March 2024 for publication.

Action Log

1. The Board noted the action log arising from previous meetings.

Transparency Register

1. The Board approved the Transparency Register for publication.

Gifts & Hospitality Register

1. The Board approved the Gifts & Hospitality Register for publication.

3. Horizon Scanning

1. The Board noted the update on UKEB horizon scanning.

4. Technical Director Updates

1. The Board noted various updates from the Technical Director, which included:

UKEB Work Plan for web publication

1. The Board approved the UKEB's Work Plan for publication on the website.

5. Operational Update (including Governance and Due Process Annual Report to the FRC)

1. The Board noted the update on UKEB operational matters.

6. Other Board Member Updates

1. There were no updates to note.

7. Any other Business

1. The Chair made the Board aware of a discussion she had with DBT regarding the IASB's Rate Regulated Activities project.

The meeting ended at 15:45 hrs.