Search Legislation

The Electricity Market Reform (General) (Amendment) Regulations 2015

What Version

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

Opening Options

 Help about opening options

Status:

This is the original version (as it was originally made).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

Amendment

This section has no associated Explanatory Memorandum

2.—(1) The Electricity Market Reform (General) Regulations 2014(1) are amended as follows.

(2) At the appropriate places in regulation 2 (Interpretation) insert the following definitions—

“FMS procedures” means the procedures agreed, or to be agreed, between the parties to a CFD or retained investment contract, further to the terms and conditions of that contract to ensure compliance by the generator party with the FMS obligations;;

“FMS compliance and enforcement” means the terms and conditions of a CFD or retained investment contract by virtue of which the relevant party monitors compliance with, and enforcement of, the FMS procedures or the FMS obligations;;

“FMS obligations” means the terms and conditions of a CFD or retained investment contract by virtue of which the generator party is required to—

(a)

measure the amount of fuel used by the generating station which is subject to that contract;

(b)

sample the content of such fuel; and

(c)

provide information to the relevant party in relation to such measurement and sampling;;

“generator party” means a party to a CFD or a retained investment contract other than the relevant party;;

“relevant party” means—

(a)

in relation to a CFD, the CFD counterparty which is party to that contract;

(b)

in relation to a retained investment contract, the Secretary of State;;

“retained investment contract” means an investment contract other than a transferred investment contract;

“sustainability obligations” means the terms and conditions of a CFD or retained investment contract by virtue of which requirements are imposed on the generator party in relation to—

(a)

the use of bioliquids, solid biomass or gaseous biomass in the generation of electricity; and

(b)

the provision of information to the relevant party concerning such use;;

“transferred investment contract” means an investment contract which has been transferred to a CFD counterparty by virtue of paragraph 16(1) of Schedule 2 to the Act;.

(3) In regulation 6 (Provision of information by a CFD counterparty to the delivery body)—

(a)in paragraphs (4) and (8)(a), for “an eligible generator who is a party to a CFD” substitute “a generator party”; and

(b)in paragraph (8)(b), for “eligible generator” substitute “generator party”.

(4) In regulation 7 (Provision of information by generators to the delivery body)—

(a)in paragraph (1)(c) for “an eligible generator who is a party to a CFD (“a relevant generator”)” substitute “a generator party”; and

(b)in paragraphs (2), (4), (5), (6) and (7) for “relevant generator” substitute “generator party”.

(5) After regulation 15 (Restricted liability in damages) insert—

PART 5Advice arrangements and transferred investment contracts

Provision of advice by the Authority

16.(1) The Authority may enter into arrangements for the purpose of offering advice to a relevant party in respect of any of the matters in paragraph (2).

(2) The matters referred to in paragraph (1) are—

(a)FMS procedures, including any contemplated amendments to such procedures;

(b)FMS compliance and enforcement;

(c)monitoring compliance with, and enforcement of, sustainability obligations.

Investment contracts

17.(1) A transferred investment contract is to be treated as a CFD for the purposes of all provision made by Chapter 2 of Part 2 of the Act except for any provision made by sections 10 to 16 of that Act.

(2) Except in Part 3, any reference in these Regulations to a CFD is to be treated as including reference to a transferred investment contract..

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