The Contracts for Difference (Electricity Supplier Obligations) Regulations 2014

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1. Introductory Text

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   PART 1 Introduction

   1. 1. Citation and commencement

   2. 2. Interpretation

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   PART 2 Supplier obligation

   1. CHAPTER 1 The supplier obligation

      1. 3. The supplier obligation

      2. 4. CFD daily contributions

      3. 5. CFD quarterly contribution

   2. CHAPTER 2 Interim daily levy

      1. 6. Setting the interim levy rate

      2. 7. Estimated cost, income & electricity supply

      3. 8. Interim rate payments

      4. 9. Data reconciliation of interim rate payments

   3. CHAPTER 3 Payments for reserve

      1. 10. Reserve payments

      2. 11. Individual suppliers' reserve amounts

   4. CHAPTER 4 Adjustments to interim rate and additional reserve payments

      1. 12. In period adjustments

      2. 13. Adjusted interim levy rate

      3. 14. Additional total reserve amount

      4. 14A. Determination of reduced total reserve amount

   5. CHAPTER 5 Reconciliation payments

      1. 15. Reconciliation payments

      2. 16. Determination of reconciliation payments

   6. CHAPTER 6 Mutualisation

      1. 17. Mutualisation

      2. 18. Repayment of mutualised amounts

   7. CHAPTER 7 Collateral

      1. 19. Requirement to provide collateral

      2. 20. Appropriate letters of credit

      3. 21. Calling of collateral

      4. 22. Withdrawal of collateral and payment of interest

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   PART 3 Operational costs

   1. CHAPTER 8 The operational costs levy

      1. 23. The operational costs levy

      2. 24. Repayment of excess

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   PART 4 Miscellaneous

   1. CHAPTER 9 Enforcement and disputes

      1. 25. Enforcement of requirements

      2. 26. Dispute notices

      3. 27. Determination of disputes

      4. 28. Duties of the CFD counterparty to enforce and notify

      5. 29. Notices and publications

   2. CHAPTER 10 Effect of payment and interest

      1. 30. Set-off of payments by the CFD counterparty

      2. 30A. Netting of payments by the CFD counterparty

      3. 31. Discharge of obligations by payment

      4. 32. Use of payments

      5. 33. Apportioning sums to CFDs

      6. 34. Application of apportionment to CFDs

      7. 35. Interest

6. Signature

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      SCHEDULE

      1. 1. Regulation 2 has effect as if— (a) every reference to...

      2. 2. Regulation 3 has effect as if— (a) the reference in...

      3. 3. Regulation 4 has effect as if the reference to “the...

      4. 4. Regulation 5 has effect as if the reference to “the...

      5. 5. Regulation 6 has effect as if— (a) every reference to...

      6. 6. Regulation 7 has effect as if— (a) any reference in...

      7. 7. Regulation 8 has effect as if— (a) the reference in...

      8. 8. Regulation 9 has effect as if— (a) the words “in...

      9. 9. Regulation 10 has effect as if— (a) every reference to...

      10. 10. Regulation 11 has effect as if— (a) the first reference...

      11. 11. Regulation 12 has effect as if every reference to “the...

      12. 12. Regulation 13 has effect as if— (a) the words “in...

      13. 13. Regulation 14 has effect as if— (a) in paragraph (1),...

      14. 13A. Regulation 14A has effect as if every reference to “the...

      15. 14. Regulation 15 has effect as if— (a) the first reference...

      16. 15. Regulation 16 has effect as if— (a) the words “in...

      17. 16. Regulation 17 has effect as if— (a) the words “to...

      18. 17. Regulation 18 has effect as if the references to “the...

      19. 18. Regulation 19 has effect as if— (a) the reference to...

      20. 19. Regulation 20 has effect as if— (a) the words “to...

      21. 20. Regulation 21 has effect as if— (a) the first reference...

      22. 21. Regulation 22 has effect as if— (a) the first reference...

      23. 22. Regulation 23 has effect as if every reference to “the...

      24. 23. Regulation 24 has effect as if any reference in paragraphs...

      25. 24. Regulation 25 has effect as if— (a) the first reference...

      26. 25. Regulation 26 has effect as if the first reference to...

      27. 26. Regulation 27 has effect as if the first reference to...

      28. 27. Regulation 28 has effect as if— (a) every reference in...

      29. 28. Regulation 29 has effect as if— (a) the first reference...

      30. 29. Regulation 30 has effect as if— (a) the first reference...

      31. 29A. Regulation 30A has effect as if— (a) each reference in...

      32. 30. Regulation 31 has effect as if— (a) the first reference...

      33. 31. Regulation 32 has effect as if— (a) the first reference...

      34. 32. Regulation 33 has effect as if— (a) the first reference...

      35. 33. Regulation 34 has effect as if the words “which is...

8. Explanatory Note