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The Electricity Capacity Regulations 2014
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Rhagor o Adnoddau
Changes over time for: Section 32
Alternative versions:
- 01/08/2014- Amendment
- 14/07/2016- Amendment
- 02/11/2017- Amendment
- 02/11/2017
Point in time
Status:
Point in time view as at 02/11/2017.
Changes to legislation:
There are currently no known outstanding effects for the The Electricity Capacity Regulations 2014, Section 32.
Changes to Legislation
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Termination fee ratesE+W+S
This
adran has no associated
Memorandwm Esboniadol
32.—(1) In this regulation—
[F1“TFxrate” (for any value of x from x = 1 to x = 5) means] the rate at which a termination fee is payable by a capacity provider if—
(a)
a capacity agreement is terminated on a ground specified in capacity market rules; and
(b)
capacity market rules specify [F2that TFx] is payable in the event of the capacity agreement being terminated on that ground;
F3...
[F4(2) Those rates are as follows—
TF1rate is £5,000/MW;
TF2rate is £25,000/MW;
TF3rate is £10,000/MW;
TF4rate is £15,000/MW;
TF5rate is £35,000/MW.]
(4) References in this regulation to a rate expressed as £/MW are to that amount in pounds per MW of de-rated capacity F5... for which the capacity agreement is issued, as specified in the capacity market register.
[F6(5) This regulation applies to the termination of a transferred part as it applies to the termination of a capacity agreement; but in that case, the reference in paragraph (4) to the de-rated capacity F5... for which the capacity agreement is issued is to be construed as a reference to the capacity obligation comprised in the transferred part.]
Textual Amendments
F1Words in reg. 32(1) substituted (14.7.2016) by The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 1 para. 10(1)(a) (with reg. 1(3))
F2Words in reg. 32(1) substituted (14.7.2016) by The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 1 para. 10(1)(b) (with reg. 1(3))
F3Words in reg. 32(1) omitted (14.7.2016) by virtue of The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 1 para. 10(1)(c) (with reg. 1(3))
F4Reg. 32(2) substituted for reg. 32(2)(3) (14.7.2016) by The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 1 para. 10(2) (with reg. 1(3))
F5Words in reg. 32(4)(5) omitted (2.11.2017) by virtue of The Electricity Capacity (Amendment) Regulations 2017 (S.I. 2017/1053), reg. 1(2), Sch. 1 para. 4
F6Reg. 32(5) inserted (14.7.2016) by The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 1 para. 23 (with reg. 1(4))
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