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PART 3Amendment of the Supplier Payment Regulations

Schedule 1 (calculation of amounts)

12.  In Schedule 1—

(a)in paragraph 2(5), for the definition of A black letter with a white backgroundDescription automatically generated substitute—

A black letter with a white backgroundDescription automatically generated” means the amount of the relevant demand forecast by S for year X under regulation 4(2)(a) and given to the Settlement Body under regulation 4(2)(b) less the CM EII excluded electricity forecast by S for year X under regulation 4(2)(aa) and given to the Settlement Body under regulation 4(2)(b).;

(b)in paragraph 3—

(i)in sub-paragraph (1) for “gross demand” substitute “relevant demand and CM EII excluded electricity”;

(ii)in sub-paragraph (5), for the definition of A black and white textDescription automatically generated substitute—

” means the actual relevant demand of S during periods of high demand in year X less the actual CM EII excluded electricity supplied by S during periods of high demand in year X.;

(c)in paragraph 7(4), for the definition of A black and white textDescription automatically generated substitute—

” means—

(a)

subject to paragraph (b), the actual relevant demand of S during periods of high demand (“AD”) in the relevant months less the actual CM EII excluded electricity supplied by S during periods of high demand (“AEE”); or

(b)

if, at the date on which the calculation in sub-paragraph (2) is to be made, the Settlement Body does not have the data necessary to calculate AD or AEE for all suppliers for one or more of the relevant months, AD in the relevant months for which data is available to the Settlement Body less AEE in the same relevant months.;

(d)in paragraph 8(4) for the definitions of A black and white textDescription automatically generated and substitute—

A black and white textDescription automatically generated” means the actual relevant demand of S during periods of high demand in year Y less the actual CM EII excluded electricity supplied by S during periods of high demand in year Y;

A black text on a white background  Description automatically generated” means the sum of the actual relevant demand of every electricity supplier who is liable to pay the settlement costs levy in the relevant month less the sum of the actual CM EII excluded electricity supplied by every electricity supplier who is liable to pay the settlement costs levy in the relevant month..