22. After regulation 30 insert—
30A.—(1) A capacity agreement may be transferred in accordance with capacity market rules so as to apply in respect of a CMU—
(a)for the entire delivery year, or period of delivery years, for which the capacity agreement has effect; or
(b)only for a specified number of calendar days in such a delivery year (“the transfer period”).
(2) A transfer under paragraph (1) may be made—
(a)in respect of the entire capacity obligation comprised in the capacity agreement; or
(b)in respect of a part only of that obligation.
(3) For the purposes of this regulation, a “transferred part” comprises the rights and obligations accruing to the transferee in respect of a CMU where the capacity agreement (“the related agreement”) is transferred under paragraph (1)(b) or (2)(b).
(4) A transferred part may be terminated, in accordance with capacity market rules, so as to extinguish the rights and obligations accruing to the transferee.
(5) But a termination of the transferred part does not—
(a)in itself amount to the termination of the related agreement; or
(b)affect any rights and obligations accruing—
(i)in a part of a delivery year that is not included in the transfer period; or
(ii)in relation to any part of the capacity obligation that is not transferred.
(6) A termination of the related agreement does not in itself amount to the termination of a transferred part, but extinguishes the rights and obligations accruing in respect of the transferred part.
(7) This regulation applies to the further transfer of a transferred part as it applies to a transfer of a capacity agreement.”.