Words in Sch. para. 16(a) substituted (1.7.2017) by The Electricity Supplier Payments (Amendment) Regulations 2017 (S.I. 2017/502), regs. 1(2), 18(a)

Words in Sch. para. 16(a) inserted (1.7.2017) by The Electricity Supplier Payments (Amendment) Regulations 2017 (S.I. 2017/502), regs. 1(2), 18(b)

Words in Sch. para. 16(a) substituted (1.7.2017) by The Electricity Supplier Payments (Amendment) Regulations 2017 (S.I. 2017/502), regs. 1(2), 18(c)

http://www.legislation.gov.uk/uksi/2014/2014/schedule/paragraph/16The Contracts for Difference (Electricity Supplier Obligations) Regulations 2014texttext/xmlenStatute Law DatabaseELECTRICITY2024-11-18Expert Participation2024-10-01These Regulations impose a number of obligations on persons who supply electricity in Great Britain pursuant to an electricity supply licence (granted by the Gas and Electricity Markets Authority under section 6 of the Electricity Act 1989). Those obligations principally consist of requirements to make payments to the CFD counterparty, a person who is designated as such under section 7 of the Energy Act 2013. The payments are made to enable the CFD counterparty to meet its costs, and these include the costs it incurs in meeting obligations it has under CFDs. CFDs are contracts which the CFD counterparty must enter into by virtue of section 10 or 14 of the Energy Act 2013 with eligible generators (see the Contracts for Difference (Definition of Eligible Generator) Regulations 2014 which defines that term).The Contracts for Difference (Electricity Supplier Obligations) Regulations 2014SCHEDULE16.

Regulation 17 has effect as if—

(a)

the words “to a CFD counterparty” appeared after the words “make a relevant payment” in paragraph (1), and the references in that paragraph and in paragraph (1A) to “the CFD counterpartyare to “that CFD counterparty”;

(b)

the words “by a CFD counterparty” appeared after the words “may only be issued” in paragraph (3) and the references in that paragraph to “the CFD counterparty” are to “that CFD counterparty”;

(c)

the references to “the CFD counterparty” in paragraphs (4) and (5) are to “a CFD counterparty”;

(d)

the words “to that CFD counterparty” appeared in paragraph (5) after the words “amount specified in the notice”; and

(e)

the words “to a CFD counterparty” appeared after the words “mutualisation payment” in paragraph (6) and the reference in that paragraph to “the CFD counterparty” is a reference to “that CFD counterparty”.

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Words in
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Words in
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