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The Contracts for Difference (Electricity Supplier Obligations) Regulations 2014

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  1. Introductory Text

  2. PART 1 Introduction

    1. 1.Citation and commencement

    2. 2.Interpretation

  3. PART 2 Supplier obligation

    1. CHAPTER 1 The supplier obligation

      1. 3.The supplier obligation

      2. 4.CFD daily contributions

      3. 5.CFD quarterly contribution

    2. CHAPTER 2 Interim daily levy

      1. 6.Setting the interim levy rate

      2. 7.Estimated cost, income & electricity supply

      3. 8.Interim rate payments

      4. 9.Data reconciliation of interim rate payments

    3. CHAPTER 3 Payments for reserve

      1. 10.Reserve payments

      2. 11.Individual suppliers' reserve amounts

    4. CHAPTER 4 Adjustments to interim rate and additional reserve payments

      1. 12.In period adjustments

      2. 13.Adjusted interim levy rate

      3. 14.Additional total reserve amount

      4. 14A.Determination of reduced total reserve amount

    5. CHAPTER 5 Reconciliation payments

      1. 15.Reconciliation payments

      2. 16.Determination of reconciliation payments

    6. CHAPTER 6 Mutualisation

      1. 17.Mutualisation

      2. 18.Repayment of mutualised amounts

    7. CHAPTER 7 Collateral

      1. 19.Requirement to provide collateral

      2. 20.Appropriate letters of credit

      3. 21.Calling of collateral

      4. 22.Withdrawal of collateral and payment of interest

  4. PART 3 Operational costs

    1. CHAPTER 8 The operational costs levy

      1. 23.The operational costs levy

      2. 24.Repayment of excess

  5. PART 4 Miscellaneous

    1. CHAPTER 9 Enforcement and disputes

      1. 25.Enforcement of requirements

      2. 26.Dispute notices

      3. 27.Determination of disputes

      4. 28.Duties of the CFD counterparty to enforce and notify

      5. 29.Notices and publications

    2. CHAPTER 10 Effect of payment and interest

      1. 30.Set-off of payments by the CFD counterparty

      2. 30A.Netting of payments by the CFD counterparty

      3. 31.Discharge of obligations by payment

      4. 32.Use of payments

      5. 33.Apportioning sums to CFDs

      6. 34.Application of apportionment to CFDs

      7. 35.Interest

  6. Signature

    1. SCHEDULE

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      35. 33.Regulation 34 has effect as if the words “which is...

  8. Explanatory Note

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