PART 5 Conditional agreement auction

48 Payment of credit notes: modifications
Regulation 48 (payment of credit notes) of the Principal Regulations applies as if, for sub-paragraph (a) there were substituted—

“(a) each capacity provider issued with a credit note for a capacity payment, by no later than—
(i) the end of the 33rd working day after the end of the month to which the payment relates; or
(ii) in the case of a capacity payment under regulation 40A, the end of the 33rd working day after the end of the month after the month in which the T-1 capacity agreement trigger event occurred; and”

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