The Electricity Capacity Regulations 2014

1. Introductory Text

2. PART 1

   1. 1. Citation and commencement

   2. 2. Interpretation

   3. 3. “Providing electricity”; “reducing demand for electricity”; “electricity supplier”

   4. 4. “Generating CMU”

   5. 5. “Demand side response CMU”

3. PART 2

   1. 6. Reliability standard

4. PART 3

   1. 7. Annual electricity capacity report

   2. 8. Electricity capacity reports: supplementary

   3. 9. Information, directions, and assumptions

5. PART 4

   1. CHAPTER 1

      1. 10. Determining whether capacity auction is to be held

   2. CHAPTER 2

      1. 11. Meaning of auction parameters

      2. 12. Determination of auction parameters by the Secretary of State

      3. 13. Adjustment of auction parameters following prequalification

   3. CHAPTER 3

      1. 14. Eligibility to bid in capacity auctions

      2. 15. General eligibility criteria

      3. 16. Excluded capacity: low carbon support scheme CMUs

      4. 17. Excluded capacity: NER 300 and CCS grant scheme CMUs

      5. 18. Excluded capacity: long term STOR CMUs

      6. 19. Regulations 16 to 18: interpretation

   4. CHAPTER 4

      1. 20. General duty of Delivery Body

      2. 21. Auction guidelines

      3. 22. Determination of eligibility

      4. 23. Notifying prequalification results to the Secretary of State

      5. 24. Holding the capacity auction

      6. 25. Notification of results

      7. 26. Cancellation, postponement or stopping of capacity auction

      8. 27. Power to annul capacity auction

      9. 28. Rearranged capacity auctions

   5. CHAPTER 5

      1. 29. DSR transitional auctions

6. PART 5

   1. 30. Capacity agreements

   2. 31. Capacity market register

   3. 32. Termination fee rates

   4. 33. Termination of capacity agreements: Secretary of State’s discretion

   5. 34. Termination of capacity agreements: CFDs and ROO conversions

   6. 35. Null and void capacity agreements

7. PART 6

   1. CHAPTER 1

      1. 36. The settlement calculations

      2. 37. Data default notices

      3. 38. Invoices and credit notes: general

   2. CHAPTER 2

      1. 39. Determination of adjusted load-following capacity obligation, net output and adjusted net output

      2. 40. Capacity payments

      3. 41. Capacity provider penalty charges

      4. 42. Over-delivery payments

      5. 43. Termination fees

   3. CHAPTER 3

      1. 44. Settlement costs levy: the first levy period

   4. CHAPTER 4

      1. 45. General

      2. 46. Payment of invoices and accruing interest

      3. 47. The non-payment register

      4. 48. Payment of credit notes

      5. 49. Reducing capacity payments: unpaid capacity provider penalty charges

      6. 50. Reducing capacity payments: failure to demonstrate satisfactory performance

      7. 51. Withholding credit payments to capacity providers

      8. 52. Payment of withheld credit

8. PART 7

   1. CHAPTER 1

      1. 53. Application of this Part and interpretation

      2. 54. Credit cover: requirements

      3. 55. Approval of credit cover

      4. 56. Maintenance of credit cover

      5. 57. Downgrade of letter of credit

      6. 58. Release of credit cover

   2. CHAPTER 2

      1. 59. Requirement to provide applicant credit cover

      2. 60. Credit obligation period

      3. 61. Draw down of applicant credit cover

      4. 62. Effect of non-compliance

9. PART 8

   1. 63. Duties to provide information

   2. 64. Limitation on duty to provide information

   3. 65. Protection of information

   4. 66. Disclosure of information under capacity market rules

10. PART 9

    1. 67. Relevant requirements

11. PART 10

    1. CHAPTER 1

       1. 68. Delivery body reviewable decisions

       2. 69. Requesting reconsideration by the Delivery Body

       3. 70. Appeals to the Authority

       4. 71. Determination of appeal by the Authority

       5. 72. Appeals to the court

       6. 73. Consequences of successful review or appeal

    2. CHAPTER 2

       1. 74. Disputes

       2. 75. Disputes notice

       3. 76. Determination of disputes

12. PART 11

    1. 77. Authority’s power to make capacity market rules

    2. 78. Objectives

    3. 79. Procedure

13. PART 12

    1. 80. Appointment of Settlement Body

    2. 81. Review by Secretary of State

    3. 82. Review of capacity market rules

    4. 83. Annual operational reports

    5. 84. Settlement Body’s annual report

14. PART 13

    1. 85. Restricted liability in damages

    2. 86. Documents

15. PART 14

    1. 87. Transitory provisions: the first T-4 auction

    2. 88. Repeal

16. Signature

17. 1. SCHEDULE 1

       Settlement calculations

       1. 1. Interpretation

       2. 2. Weighting factor

       3. 3. Capacity payments: calculations to be made annually for each capacity committed CMU

       4. 4. Capacity payments: calculations to be made monthly for each capacity provider

       5. 5. Capacity provider penalty charges: calculation of settlement period penalty applying to a capacity committed CMU

       6. 6. Capacity provider penalty charges: calculation of monthly penalty charge for a capacity committed CMU

       7. 7. Over-delivery payments

       8. 8. Apportionment between capacity providers

       9. 9. Settlement costs levy: the first levy period

    2. SCHEDULE 2

       Documents

       1. 1. The provisions of this Schedule— (a) apply to a document,...

       2. 2. A document must be in writing and dated.

       3. 3. A document given to a person on a non-working day...

       4. 4. A document may be given to a person by—

       5. 5. For the purposes of paragraph 4(a) a document is given...

       6. 6. For the purposes of paragraph 4(d), a document is given...

       7. 7. A person may, in substitution for the proper address which...

       8. 8. In this Schedule— “dedicated portal” means a facility on a...

18. Explanatory Note