PART 5Capacity agreements, capacity market register and termination
Termination fee rates32
1
In this regulation—
F1“TFxrate” (for any value of x from x = 1 to x = 5) means the rate at which a termination fee is payable by a capacity provider if—
- a
a capacity agreement is terminated on a ground specified in capacity market rules; and
- b
capacity market rules specify F2that TFx is payable in the event of the capacity agreement being terminated on that ground;
- a
F3...
F42
Those rates are as follows—
TF1rate is £5,000/MW;
TF2rate is £25,000/MW;
TF3rate is £10,000/MW;
TF4rate is £15,000/MW;
TF5rate is £35,000/MW.
4
References in this regulation to a rate expressed as £/MW are to that amount in pounds per MW of de-rated capacity F6... for which the capacity agreement is issued, as specified in the capacity market register.
F55
This regulation applies to the termination of a transferred part as it applies to the termination of a capacity agreement; but in that case, the reference in paragraph (4) to the de-rated capacity F6... for which the capacity agreement is issued is to be construed as a reference to the capacity obligation comprised in the transferred part.