The Electricity Capacity (Amendment) Regulations 2016

Paragraph 1 (interpretation)

31.—(1) For paragraph 1(1) substitute—

“(1) In this Schedule—

“AE_ij”, “ALFCO_ij” and “E_ij”, in relation to a capacity committed CMU i and a relevant settlement period j, are to be interpreted in accordance with regulation 39 and mean the amounts determined in accordance with that regulation;

“CO_ix” means the capacity obligation in MW, as recorded on the capacity market register, awarded in respect of CMU i for year X in a capacity auction;

“ICO_ij” means the whole or part of any capacity obligation CO_zx in MW, as recorded on the capacity market register, which applies to CMU i in relevant settlement period j;

“WF_mx” means the weighting factor determined under paragraph 2 for month M in capacity year X.”.

(2) After paragraph 1(2) insert—

“(3) Where, in a formula, the symbol ∑ is used, it denotes that a value is to be determined from the summation of the sequence of elements found immediately to its right; these elements may be derived from one variable or a collection of variables contained in parentheses.

(4) In this Schedule, if not otherwise defined, subscript suffixes used in a term refer to the following things unless the context requires otherwise—

“i” refers to a specific CMU which is the subject of the provision the term appears in (“the relevant provision”);

“j” refers to a relevant settlement period which is the subject of the relevant provision;

“k” refers to any relevant settlement periods in a given month that precede the relevant settlement period which is the subject of the relevant provision;

“m” refers to a given month;

“y” refers to any capacity obligation awarded in a capacity auction in respect of a CMU; and

“z” refers to a specific capacity obligation awarded in a capacity auction in respect of a CMU.”.