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The Electricity Supplier Payments (Amendment) Regulations 2017

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6.  In regulation 5—

(a)for the definition of NDS substitute—

NDS 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;;

(b)for the definition of NGS substitute—

NGS 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;;

(c)for the definition of XEP substitute—

XEP is the lesser of—

(a)

the amount of excluded electricity supplied by that supplier in that period; or

(b)

the amount of electricity supplied by that supplier in that period;;

(d)for the definition of AXP substitute—

AXP is the sum of XEP for all suppliers in that period..

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