Search Legislation

The Electricity Capacity Regulations 2014

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As made)

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

  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

    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...

  17. Explanatory Note

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Impact Assessments

Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:

  • Why the government is proposing to intervene;
  • The main options the government is considering, and which one is preferred;
  • How and to what extent new policies may impact on them; and,
  • The estimated costs and benefits of proposed measures.
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources