(1)Where a CFD notification is given to a CFD counterparty under section 12, the CFD counterparty must, in accordance with provision made by regulations, offer to contract with the eligible generator specified in the notification on—
(a)standard terms, or
(b)standard terms as modified in accordance with any modification agreement entered into between the CFD counterparty and the eligible generator for the purposes of the CFD notification (see section 15).
(2)Regulations may make further provision about an offer to contract made under this section, including provision about—
(a)how a CFD counterparty is to apply or complete standard terms in relation to the offer in accordance with information specified in a CFD notification;
(b)the time within which the offer must be made;
(c)how the eligible generator to whom it is made may enter into a CFD as a result of the offer;
(d)what is to happen if the eligible generator does not enter into a CFD as a result of it.
(3)In this section, “standard terms”, in relation to a CFD notification, means standard terms published under section 11, determined in accordance with regulations as the standard terms that are to apply in relation to the CFD notification.