PART 4Capacity agreements: miscellaneous

CHAPTER 2Modifications of Principal Regulations

Non-completion fees: modificationsI127

1

The modifications in paragraph (2) apply in respect of—

a

the conditional agreement auction, including the rights and obligations arising out of, or in relation to, this auction; and

b

capacity agreements that existed on 15th November 2018.

2

Regulation 43A (non-completion fee) of the Principal Regulations applies as if in paragraph (6)—

a

in paragraph (a), “; and” were omitted;

b

in paragraph (b), for “.” there were inserted “ ; and ”; and

c

after paragraph (b), there were inserted—

c

if a non-completion notice is issued during the standstill period, a direction to the Delivery Body to withdraw the termination notice and to terminate a capacity agreement on the ground specified in capacity market rules is to be construed as a reference to a direction to the Delivery Body to withdraw the non-completion notice.