Amendment of the ESO Regulations (Regulation 2)U.K.
15.—(1) Regulation 2 of the ESO Regulations is amended as follows.
(2) In paragraph (1)—
(a)in the definition of “CFD counterparty payment”, for paragraph (c) substitute—
“(c)to a CFD party for the purpose of compensating that person in respect of any breach of any duty (however that duty arises) owed to that person by the CFD counterparty which is connected to a CFD or a connected agreement,”;
(b)omit the definition of “electricity supply”;
(c)in the definition of “quarterly obligation period” omit the words “in any period of 12 months”;
(d)at the appropriate place insert—
““excluded electricity”, “EII excluded electricity” and “green excluded electricity” are to be construed in accordance with the Excluded Electricity Regulations;
“Excluded Electricity Regulations” means the Electricity Supplier Obligations (Amendment & Excluded Electricity) Regulations 2015;”.
(3) After paragraph (2) insert—
“(2A) Any reference in these Regulations to a supply of electricity is a reference to its supply in Great Britain, and “supply” is to be construed in accordance with section 4(4) of the Electricity Act 1989 M1.”.
(4) Omit paragraph (5).