- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Electricity Capacity (Supplier Payment etc.) Regulations 2014 No. 3354
3.—(1) The Settlement Body must, as soon as reasonably practicable after net demand data for all periods of high demand in year X is available, calculate for each electricity supplier (“S”)—
(a)S’s revised share of capacity market supplier charges in respect of year X (“RSCsx”);
(b)S’s revised capacity market supplier charge in respect of year X (“RACMSCsx”);
(c)S’s revised monthly capacity market supplier charge in respect of each month of year X (“RMCMSCsm”).
(2) RSCsx must be calculated in accordance with the formula—
(3) RACMSCsx must be calculated in accordance with the formula—
(4) RMCMSCsm must be calculated in accordance with the formula—
(5) In this paragraph—
“∑iAACPix” means ∑iACPix, within the meaning given in paragraph 2(5), minus any reductions in the total amount of capacity payments payable to capacity providers in respect of year X as a result of—
a capacity agreement being terminated; or
a capacity payment being reduced or forfeited under the Principal Regulations;
“ASSPDsx” means the actual net demand of S during periods of high demand in year X.
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