PART 1Introduction
Interpretation2
1
In these Regulations—
“the Act” means the Energy Act 2013;
“the Balancing and Settlement Code”, “the BSCCo” and “BSC volume allocation run” have the meanings given in the ESO Regulations;
“BM Unit Identification Number”, “CMRS”, “MSID” and “SMRS” are to be construed in accordance with the Balancing and Settlement Code (see Sections X-1 and X-2 of that code);
“CFD period contribution” has the meaning given in the ESO Regulations;
“earnings” in relation to a business, means the earnings of that business before interest, taxes, depreciation and amortisation;
“EII application” means an application under regulation 10;
“EII certificate” has the meaning given by regulation 8(1);
“EII excluded electricity” means any amount of electricity determined as such in accordance with regulation 6;
“electricity supplier” has the meaning given in the ESO Regulations;
“energy from renewable sources” is to be construed in accordance with Directive 2009/28/EC of the European Parliament and of the Council of 23 April 2009 on the promotion of the use of energy from renewable sources and amending and subsequently repealing Directives 2001/77/EC and 2003/30/EC2;
“ESO Regulations” means the Contracts for Difference (Electricity Supplier Obligations) Regulations 20143;
“excluded electricity” means EII excluded electricity and green excluded electricity;
“financial year” means a period of 12 months commencing with 1st April and a reference to a financial year followed by the number of a calendar year is to be construed as a reference to the financial year commencing with 1st April of that year;
“green excluded electricity” means any amount of electricity determined as such in accordance with regulation 3;
“NACE Rev 2” is as set out in Annex I to Regulation (EC) No 1893/2006 of the European Parliament and of the Council of 20 December 2006 (relating to the statistical classification of economic activities)4;
“proper address” means—
- a
in the case of a body corporate—
- i
the registered or principal office of that body, or
- ii
an email address provided (and not withdrawn) by that body;
- i
- b
in the case of a partnership—
- i
the principal office of the partnership, or
- ii
an email address provided (and not withdrawn) by—
- aa
that partnership,
- bb
a partner, or
- cc
a person having control or management of the partnership business;
- aa
- i
- c
in the case of any other person, that person’s last known address, which includes an email address provided (and not withdrawn) by that person;
- a
“quarterly obligation period” has the meaning given in the ESO Regulations;
“relevant arrangements” has the meaning given by regulation 7;
“relevant period” is to be construed in accordance with regulation 9;
“staff costs” in relation to a business, include any employers’ pension and national insurance contributions which the business makes;
“specified activity” means an activity classified by a NACE Rev 2 class specified in column 2 of the table in the Schedule which corresponds with the description of that class in column 1 of the table;
“working day” means a day that is not a Saturday or Sunday, Christmas Day, Good Friday or any day that is a bank holiday in England and Wales under the Banking and Financial Dealings Act 19715.
2
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 19896.
3
Any reference in these Regulations to an amount of electricity is a reference to that amount expressed in megawatt hours (MWh).
4
Where more than one person is designated under section 7 of the Act as a CFD counterparty these Regulations have effect as if—
a
in regulation 4—
i
the references to “the CFD counterparty” in paragraphs (1), (3) and (6) were to “the CFD counterparty most recently designated under section 7 of the Act”;
ii
every other reference to “the CFD counterparty” in that regulation were to “a CFD counterparty”; and
iii
the words “the CFD counterparty most recently designated under section 7 of the Act” appeared after the word “but” in paragraph (4);
b
in regulation 5—
i
the reference in paragraph (2) to “the CFD counterparty” were to “the CFD counterparty most recently designated under section 7 of the Act” and the reference in paragraph (4) were to “a CFD counterparty”; and
ii
the words “the CFD counterparty most recently designated under section 7 of the Act” appeared after the word “but” in paragraph (4);
c
in regulation 6—
i
the first and second references to “the CFD counterparty” in that regulation were to “the CFD counterparty most recently designated under section 7 of the Act” and the other reference in that regulation were to “A CFD counterparty”; and
ii
in paragraph (3) the words “ to another CFD counterparty or” appeared after the word “except”;
d
in regulation 6(3), the reference to “the CFD counterparty” were to “a CFD counterparty”
e
in regulation 7—
i
the first reference in paragraph (1) to “the CFD counterparty” were to “a CFD counterparty” and the other reference were to “CFD counterparties”;
ii
the words “which on 31st September 2015 was the most recently designated under section 7 of the Act” appeared after “The CFD counterparty” in paragraph (2);
iii
the words “most recently designated under section 7 of the Act” appeared after “The CFD counterparty” in paragraph (3);
iv
the reference in paragraph (4) to “The CFD counterparty” were to “A CFD counterparty”;
v
the reference in paragraph (5) “the CFD counterparty” were to “a CFD counterparty”;
f
g
the reference to “the CFD counterparty” in regulation 13(8) were to “the CFD counterparty most recently designated under section 7 of the Act”;
h
the reference to “the CFD counterparty” in regulation 14 were to “a CFD counterparty”.