The Electricity Capacity (Supplier Payment etc.) Regulations 2014

1. Introductory Text

2. PART 1

   1. 1. Citation and commencement

   2. 2. Interpretation

3. PART 2

   1. 3. The supplier settlement calculations

   2. 4. Forecast of net demand

   3. 5. Invoices and credit notes etc: general

4. PART 3

   1. 6. Capacity market supplier charge

   2. 7. Capacity market supplier charge: mutualisation

   3. 8. Penalty residual supplier amount

   4. 9. Settlement costs levy

   5. 10. Settlement costs levy refund

5. PART 4

   1. 11. Payment of invoices and accruing interest

   2. 12. Non-payment of invoices: draw down of credit cover

   3. 13. Payment of credit notes

   4. 14. Withholding credit payments to suppliers

   5. 15. Payment of withheld credit

   6. 16. Consequences of termination of licence

6. PART 5

   1. 17. General

   2. 18. Reconciliation runs

   3. 19. Recalculation of payments: general

   4. 20. Monthly reconciliation runs: recalculation of payments

   5. 21. Annual reconciliation runs: recalculation of payments

   6. 22. Reconciliation invoices and payment

   7. 23. Draw down of credit cover

   8. 24. Recalculation of credit amounts

   9. 25. Reconciliation credit notes and payment

7. PART 6

   1. 26. Application of Principal Regulations and interpretation

   2. 27. Calculation of supplier credit cover

   3. 28. Requirement to provide supplier credit cover

   4. 29. Effect of non-compliance

   5. 30. The credit default register

   6. 31. Interest

8. PART 7

   1. 32. Disputes

   2. 33. Duties of the Settlement Body to enforce and notify

   3. 34. Documents

   4. 35. Amendments to the Principal Regulations

9. Signature

10. 1. SCHEDULE 1

       Calculation of amounts

       1. 1. Interpretation

       2. 2. Capacity market supplier charge: provisional annual calculations

       3. 3. Capacity market supplier charge: revised annual calculations

       4. 4. Capacity market supplier charge: monthly calculations

       5. 5. Capacity market supplier charge: mutualisation payments

       6. 6. Penalty residual supplier amount

       7. 7. Settlement costs levy: provisional calculations

       8. 8. Settlement costs levy: revised calculations

       9. 9. Settlement costs levy refund

    2. SCHEDULE 2

       Amendments to the Principal Regulations

       1. 1. Amendments to the Principal Regulations

       2. 2. In regulation 2(1), after the definition of “the Rules” insert—...

       3. 3. In regulation 3— (a) in paragraph (1)(a), after “electrical output...

       4. 4. In regulation 4(9), for “1st April 2014” substitute “8th September...

       5. 5. In regulation 41, after paragraph (3) insert—

       6. 6. In regulation 44(6), in the definition of “liable electricity supplier”,...

       7. 7. In regulation 45(1), in the definition of “payer”, before “means”...

       8. 8. In regulation 47, at the end insert—

       9. 9. In regulation 67, in paragraph (1)(b), after “these Regulations” insert...

       10. 10. In regulations 77(3)(a) and 80(3)(b), after “these Regulations” insert “or...

       11. 11. In regulation 81, in paragraphs (1)(a)(i) and (2)(a), after “these...

       12. 12. In paragraph 2(2) of Schedule 1, for “3 decimal” substitute...

       13. 13. In paragraph 6 of Schedule 1— (a) in sub-paragraph (4),...

       14. 14. In paragraph 1(b) of Schedule 2, after “Regulations” insert “,...

11. Explanatory Note