Settlement Body to hold supplier charge payments
7.—(1) The Settlement Body must hold any capacity market supplier charge and any other payments it receives from electricity suppliers under regulation 6A(7) of the Supplier Payment Regulations(1) (unless returned to the electricity supplier which made the payment) to enable it to meet the cost of making capacity payments—
(a)in respect of capacity obligations contained in capacity agreements that existed on 15th November 2018 which were payable in respect of a standstill month (but were prevented by the law relating to state aid from being paid at the time); and
(b)in respect of capacity obligations awarded through the conditional agreement auction in respect of a T-1 standstill month.
(2) In this regulation, “T-1 standstill month” means—
(a)any month included (wholly or partly) in the T-1 standstill period; or
(b)the month after the month in which the T-1 capacity agreement trigger event or T-1 termination trigger event occurs.
(3) For the purposes of paragraph (2), “T-1 standstill period” means any part of the delivery year beginning on 1st October 2019 which falls before the date on which the T-1 capacity agreement trigger event or T-1 termination trigger event occurs.
Regulation 6A(7) is read into those regulations as modifications to the application of the Supplier Payment Regulations made by regulation 56(2).