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The Electricity Capacity Regulations 2014
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- UK Statutory Instruments
- 2014 No. 2043
- PART 5
- Regulation 30A
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[F1Transfer of a capacity agreementE+W+S
This section has no associated Explanatory Memorandum
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 [F2and does not extinguish] 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.]
Textual Amendments
F1Reg. 30A inserted (14.7.2016) by The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 1 para. 22 (with reg. 1(4))
F2Words in reg. 30A(6) substituted (27.7.2021) by The Electricity Capacity (Amendment) Regulations 2021 (S.I. 2021/901), reg. 1(2), Sch. para. 2
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