Regulation 59 (requirement to provide applicant credit cover)
8.—(1) In regulation 59(2)—
(a)for “and (2B)”, substitute “, (2B) and (2C)”;
(b)at the beginning of sub-paragraph (a)(i) insert “subject to paragraph (ia),”;
(c)at the end of paragraph (i) omit “and”; and
(d)after paragraph (i) insert—
“(ia)if CMU i is an unproven demand side response CMU, in respect of which the applicant has applied to prequalify to bid for a multi-year capacity obligation and has not yet met the requirements for DSR partial credit cover release in accordance with the Rules, an amount equal to £10,000 per MW of the de-rated capacity of CMU i; and”.
(2) After regulation 59(2B), insert—
“(2C) The applicant credit cover provided under paragraph (1) must, where an applicant which applied to prequalify to bid for a multi-year capacity obligation in respect of an unproven demand side response CMU has met the requirements for DSR partial credit cover release in accordance with the Rules, be reduced to an amount equal to £5,000 per MW of the de-rated capacity of the CMU.”.
(3) After regulation 59(6), insert—
“(7) In this regulation, “DSR partial credit cover release” has the meaning given in the Rules.”.