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This is the original version (as it was originally made).
This section has no associated Explanatory Memorandum
10. In regulation 14—
(a)for paragraph (1) substitute—
“(1) An additional total reserve amount in respect of a quarterly obligation period is the amount which the CFD counterparty determines it would need to be paid, having regard to the matters set out in paragraph (2),—
(a)to be able to make any CFD counterparty payments it has failed to make during the reserve period which commences during that quarterly obligation period; and
(b)for there to be a 19 in 20 probability of it being able to make all payments it is required to make to CFD parties during that reserve period after the making of the determination.”;
(b)in paragraph (2)—
(i)in sub-paragraphs (a) and (b) for “the reserve period” substitute “that reserve period”;
(ii)in sub-paragraph (c) for “that period” substitute “that reserve period”;
(iii)for sub-paragraph (d) substitute—
“(d)the CFD counterparty’s estimate of the payments it expects to receive from CFD parties and electricity suppliers during that reserve period.”.
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