- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 No. 710
64. The Contracts for Difference (Standard Terms) Regulations 2014(1) are amended as follows.
65. In regulation 2—
(a)omit the definition of “allocation round notice”;
(b)after the definition of “applicant” insert—
““application window notice” has the meaning given in regulation 5(1);”.
66. In regulation 3(1), after sub-paragraph (j) insert—
“(ja)which circumstances will allow for a payment under a CFD to be adjusted by reference to the generator’s fulfilment, or non-fulfilment, of the obligations set out in a sustainable industry reward statement (within the meaning of regulation 2(1) of the Contracts for Difference (Allocation) Regulations 2014);”.
67. In regulation 5—
(a)in paragraph (1), for “an allocation round (“an allocation round notice”)” substitute “an application window (“an application window notice”)”;
(b)in paragraph (2), for “allocation round notice” substitute “application window notice”.
68. In regulation 6(2), for “allocation round notice” substitute “application window notice”.
69. In regulation 7(6) for “allocation round notice” substitute “application window notice”.
70. In regulation 9—
(a)in paragraph (1), for “allocation round notice” substitute “application window notice”;
(b)in paragraph (2B), for “commencement date stated in the allocation round notice” substitute “date specified in an application window notice as the first date on which an application for a CFD may be made”.
S.I. 2014/2012. Relevant amending instruments are S.I. 2015/1425 and 2017/1112.
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