The Electricity Market Reform (General) Regulations 2014

PART 1 Introduction

Citation and commencement

1.  These Regulations may be cited as the Electricity Market Reform (General) Regulations 2014 and come into force on the day after the day on which they are made.

Interpretation

2.  In these Regulations—

“the Act” means the Energy Act 2013;

“advice notice” has the meaning given by regulation 4(1);

“the Allocation Regulations” means the Contracts for Difference (Allocation) Regulations 2014(1);

“applicant” has the meaning given by regulation 9(2);

“capital costs” means the capital costs of an electricity generating station;

“counterparty notice” has the meaning given by regulation 6(2);

“delivery body” means—

(a)

the national system operator; or

(b)

if the national system operator’s functions under Chapter 2 of Part 2 of the Act have been transferred to an alternative body, that body;

“eligible generator” has the same meaning as it has under the Contracts for Difference (Definition of Eligible Generator) Regulations 2014(2);

“first round CFD application” has the meaning given by regulation 10(3)(c);

“generator notice” has the meaning given by regulation 7(2);

“operational costs” means the costs of operation of an electricity generating station;

“progress report” has the meaning given by regulation 4(1)(c);

“relevant generating station” has the meaning given by regulation 9(1);

“strike price” means a price for one megawatt hour of electricity generated by a generating station;

“supply chain application” means an application under regulation 9(1) for a supply chain statement;

“supply chain statement” means a statement by the Secretary of State that to establish or alter a generating station is likely to make a material contribution to the development of supply chains;

“supply chains” means the chains of suppliers of goods or services in relation to the construction, alteration, maintenance or operation of a generating station;

“working day” means 9 am to 5 pm on Mondays to Fridays excluding—

(a)

bank holidays within the meaning of section 1 of the Banking and Financial Dealings Act 1971(3), including those bank holidays in part only of the United Kingdom;

(b)

Good Friday; and

(c)

when it falls on a day that would otherwise be a working day, Christmas Day.

(1)

S.I. 2014/XXX. Back [1]

(2)

S.I. 2014/XXX.

(3)

1971 c. 80.