SCHEDULE 1 Amendments to the Electricity Capacity Regulations 2014

PART 1 Electricity Interconnectors etc.

9 Regulation 59 (requirement to provide applicant credit cover)
(1) In regulation 59(1), for “An applicant” substitute “Subject to paragraphs (1A) and (1B), an applicant”.
(2) After regulation 59(1) insert—

“1A Where an applicant provides applicant credit cover for a capacity auction in respect of an interconnector CMU, the applicant is not required to provide further applicant credit cover for any subsequent capacity auction in respect of that CMU, provided that the credit cover already provided has not been drawn down.
1B Where an applicant provides applicant credit cover for a capacity auction in respect of an unproven demand side response CMU, the applicant is not required to provide further applicant credit cover for any subsequent capacity auction in respect of that CMU except in circumstances specified in capacity market rules.”

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