PART 2

Electricity Market Reform
CHAPTER 2

Contracts for Difference

Standard terms
11
1
The Secretary of State may issue standard terms and conditions of CFDs (“standard terms”).
2
The Secretary of State may from time to time revise standard terms.
3
Standard terms issued or revised under this section must be in accordance with provision made in regulations.
4
In issuing or revising standard terms the Secretary of State must have regard to the matters mentioned in section 5(2).
5
The Secretary of State must publish standard terms as issued or revised under this section.
6
In publishing standard terms the Secretary of State may designate particular standard terms as terms that may not be modified under section 15.
7
Different standard terms may be issued for different categories of CFD.