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The Contracts for Difference (Electricity Supplier Obligations) Regulations 2014
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- UK Statutory Instruments
- 2014 No. 2014
- PART 2
- CHAPTER 1
- Regulation 5
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CFD quarterly contributionU.K.
This section has no associated Explanatory Memorandum
5. The CFD quarterly contribution for a supplier for a quarterly period is the amount given by—
[F1
]
where—
[F2NDS is the sum of—
(a)
the total amount of CFD counterparty payments which are not generation counterparty payments which the CFD counterparty was required to make during that period; and
(b)
the total amount of generation counterparty payments which were made during that period but which had not been determined by the time of the final reconciliation determination in respect of the quarterly obligation period to which the payment relates;]
[F3SoS repayment is the total amount of any SoS funds that the Secretary of State had specified were to be used when calculating the CFD quarterly contribution in respect of the quarterly obligation period that ended three whole quarterly obligation periods before the quarterly obligation period for which this calculation is made;]
[F4NGS is the sum of—
(a)
the total amount of CFD party payments which are not generation party payments which the CFD counterparty has received from CFD parties during that period; and
(b)
the total amount of generation party payments which the CFD counterparty has received from CFD parties during that period but which had not been determined by the time of the final reconciliation determination in respect of the quarterly obligation period to which the payment relates;]
DI is any amount of interest which was paid by virtue of regulation 8(6), 9(7), 11(2), 14(8), 16(5), 17(6) or 25(5) during that period, less any amount of that interest which was paid to electricity suppliers by virtue of regulation 18(2);
[F5SoS payment is the total amount of any SoS funds that the Secretary of State has specified are to be used when calculating the CFD quarterly contribution in respect of that period;]
SQS is the amount of electricity supplied by that supplier in that period;
[F6“XEP” is the amount of EII excluded electricity supplied by that supplier in that period;]
TQS is the total amount of electricity supplied in that period.
[F7AXP is the sum of XEP for all suppliers in that period.]
Textual Amendments
F1Reg. 5 formula substituted (8.7.2020) by The Contracts for Difference (Electricity Supplier Obligations) (Amendment) (Coronavirus) Regulations 2020 (S.I. 2020/709), regs. 1, 2(3)(a)
F2Words in reg. 5 substituted (1.7.2017) by The Electricity Supplier Payments (Amendment) Regulations 2017 (S.I. 2017/502), regs. 1(2), 6(a)
F3Words in reg. 5 inserted (8.7.2020) by The Contracts for Difference (Electricity Supplier Obligations) (Amendment) (Coronavirus) Regulations 2020 (S.I. 2020/709), regs. 1, 2(3)(b)
F4Words in reg. 5 substituted (1.7.2017) by The Electricity Supplier Payments (Amendment) Regulations 2017 (S.I. 2017/502), regs. 1(2), 6(b)
F5Words in reg. 5 inserted (8.7.2020) by The Contracts for Difference (Electricity Supplier Obligations) (Amendment) (Coronavirus) Regulations 2020 (S.I. 2020/709), regs. 1, 2(3)(c)
F6Words in reg. 5 substituted (1.4.2023) by The Electricity Supplier Obligations (Green Excluded Electricity) (Amendment) Regulations 2023 (S.I. 2023/389), regs. 1(2), 2(4)
F7Words in reg. 5 substituted (1.7.2017) by The Electricity Supplier Payments (Amendment) Regulations 2017 (S.I. 2017/502), regs. 1(2), 6(d)
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