The Electricity Capacity Regulations 2014

Termination fee rates

32.—(1) In this regulation—

“” 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 that TF1 is payable in the event of the capacity agreement being terminated on that ground;

“” 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 that TF2 is payable in the event of the capacity agreement being terminated on that ground.

(2) is £5,000/MW.

(3) is £25,000/MW.

(4) References in this regulation to a rate expressed as £/MW are to that amount in pounds per MW of de-rated capacity or DSR bid capacity for which the capacity agreement is issued, as specified in the capacity market register.