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The Electricity Capacity (No. 1) Regulations 2019

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Draft Legislation:

This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Electricity Capacity (No. 1) Regulations 2019 No. 862

  1. Introductory Text

  2. PART 1 Introduction

    1. 1.Citation and commencement

    2. 2.Interpretation

  3. PART 2 Trigger events

    1. 3.Standstill period

    2. 4.Deferred capacity payment trigger event: agreements existing on 15th November 2018

    3. 5.Conditional capacity agreement trigger event

    4. 6.Termination trigger events

  4. PART 3 Payments administered by the Settlement Body

    1. CHAPTER 1 Supplier charge payments during standstill period

      1. 7.Settlement Body to hold supplier charge payments

      2. 8.Supplier charge payments used to make capacity payments: deferred capacity payment trigger event

      3. 9.Supplier charge payments used to make capacity payments: T-1 capacity agreement trigger event

      4. 10.Return of supplier charge payments: agreement termination trigger event

    2. CHAPTER 2 Modifications to application of Principal Regulations: agreements existing on 15th November 2018

      1. 11.Application

      2. 12.Interpretation: modifications

      3. 13.Capacity payments: modifications

      4. 14.Capacity provider penalty charges: modifications

      5. 15.Over-delivery payments: modifications

      6. 16.Termination fees: modifications

      7. 17.Non-completion fees: modifications

      8. 18.Repayment of capacity payments: modifications

      9. 19.Non-payment register: modifications

      10. 20.Applicant credit cover: modifications

      11. 21.Credit obligation period: modifications

      12. 22.Draw down of credit cover: modifications

      13. 23.Effect of non-compliance: modifications

  5. PART 4 Capacity agreements: miscellaneous

    1. CHAPTER 1 Amendment of Principal Regulations

      1. 24.Secretary of State’s discretion concerning non-completion fees: amendments

      2. 25.Delivery Body reviewable decision: amendments

    2. CHAPTER 2 Modifications of Principal Regulations

      1. 26.Secretary of State’s discretion: modifications

      2. 27.Non-completion fees: modifications

  6. PART 5 Conditional agreement auction

    1. 28.Application

    2. 29.Interpretation: modifications

    3. 30.Rearrangement of conditional agreement auction: modifications

    4. 31.Capacity agreements: modifications

    5. 32.Transfer of a capacity agreement: modifications

    6. 33.Capacity market register: modifications

    7. 34.Termination fee rates: modifications

    8. 35.Secretary of State’s discretion: modifications

    9. 36.Null and void capacity agreements: modifications

    10. 37.Settlement calculations: modifications

    11. 38.Capacity payments: modifications

    12. 39.Capacity provider penalty charges: modifications

    13. 40.Over delivery payments: modifications

    14. 41.Termination fees: modifications

    15. 42.DSR unproven capacity fee

    16. 43.Non-completion fee: modifications

    17. 44.Repayment of capacity payments: modifications

    18. 45.Payments and penalties: adjustments for DSR providers

    19. 46.Payment and non-payment (interpretation): modifications

    20. 47.The non-payment register: modifications

    21. 48.Payment of credit notes: modifications

    22. 49.Credit cover: modifications

    23. 50.Draw down of applicant credit cover: modifications

    24. 51.Dispute resolution and appeals: modifications

    25. 52.Schedule 1 settlement calculations: modifications

  7. PART 6 Modifications to Supplier Payment Regulations

    1. 53.Modifications to the application of the Supplier Payment Regulations

    2. 54.Interpretation: modifications

    3. 55.Supplier settlement calculations: modifications

    4. 56.Capacity market supplier charge: modifications

    5. 57.Mutualisation: modifications

    6. 58.Penalty residual supplier amount: modifications

    7. 59.Non-payment and withheld credit: modifications

    8. 60.Consequences of termination of supplier licences: modifications

    9. 61.Standstill collection period reconciliation: modifications

    10. 62.Supplier credit cover: modification

    11. 63.Calculation of amounts: modifications

  8. Signature

  9. Explanatory Note

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