PART 1Introduction

Interpretation2.

In these Regulations—

“the Act” means the Energy Act 2013;

F1...

“applicant” means a person to whom section 15(1) of the Act applies;

F2application window notice” has the meaning given in regulation 5(1);

“the CFD counterparty” means the person or persons designated as a counterparty for contracts for difference in accordance with section 7 of the Act;

“delivery body” means—

(a)

the national system operator; or

(b)

if the national system operator’s functions under Chapter 2 of Part 2 of the Act have been transferred to an alternative delivery body, that body;

“eligible generator” has the meaning given by the Contracts for Difference (Definition of Eligible Generator) Regulations 20142;

“generating facility” means the facility which produces low carbon electricity generation for the purposes of a CFD;

“generator” means a person who enters into a CFD with the CFD counterparty;

“reference price”, in relation to a CFD, means a price determined under the CFD which is intended to represent a market price of electricity in respect of a period specified in that CFD;

“strike price”, in relation to a CFD, means a price specified in or determined under the CFD which is compared to the reference price determined under that CFD so as to enable the determination of the amount (if any) which is payable by the CFD counterparty or a generator under the CFD in respect of the generation of electricity by that generator;

F3sustainable industry reward statement” has the meaning given by regulation 2(1) of the Contracts for Difference (Allocation) Regulations 2014;

“third party” means a person other than a generator who enters into a contract with the CFD counterparty which is not a CFD; and

F4“working day” means a day that is not a Saturday or Sunday, Christmas Day, Good Friday or any day that is a bank holiday in England and Wales under the Banking and Financial Dealings Act 1971.