The Electricity Capacity (No. 1) Regulations 2019

1. Introductory Text

2. PART 1 Introduction

   1. 1. Citation and commencement

   2. 2. Interpretation

3. PART 2 Trigger events

   1. 3. Standstill period

   2. 4. Deferred capacity payment trigger event: agreements existing on 15th November 2018

   3. 5. Conditional capacity agreement trigger event

   4. 6. Termination trigger events

4. PART 3 Payments administered by the Settlement Body

   1. CHAPTER 1 Supplier charge payments during standstill period

      1. 7. Settlement Body to hold supplier charge payments

      2. 8. Supplier charge payments used to make capacity payments: deferred capacity payment trigger event

      3. 9. Supplier charge payments used to make capacity payments: T-1 capacity agreement trigger event

      4. 10. Return of supplier charge payments: agreement termination trigger event

   2. CHAPTER 2 Modifications to application of Principal Regulations: agreements existing on 15th November 2018

      1. 11. Application

      2. 12. Interpretation: modifications

      3. 13. Capacity payments: modifications

      4. 14. Capacity provider penalty charges: modifications

      5. 15. Over-delivery payments: modifications

      6. 16. Termination fees: modifications

      7. 17. Non-completion fees: modifications

      8. 18. Repayment of capacity payments: modifications

      9. 19. Non-payment register: modifications

      10. 20. Applicant credit cover: modifications

      11. 21. Credit obligation period: modifications

      12. 22. Draw down of credit cover: modifications

      13. 23. Effect of non-compliance: modifications

5. PART 4 Capacity agreements: miscellaneous

   1. CHAPTER 1 Amendment of Principal Regulations

      1. 24. Secretary of State’s discretion concerning non-completion fees: amendments

      2. 25. Delivery Body reviewable decision: amendments

   2. CHAPTER 2 Modifications of Principal Regulations

      1. 26. Secretary of State’s discretion: modifications

      2. 27. Non-completion fees: modifications

6. PART 5 Conditional agreement auction

   1. 28. Application

   2. 29. Interpretation: modifications

   3. 30. Rearrangement of conditional agreement auction: modifications

   4. 31. Capacity agreements: modifications

   5. 32. Transfer of a capacity agreement: modifications

   6. 33. Capacity market register: modifications

   7. 34. Termination fee rates: modifications

   8. 35. Secretary of State’s discretion: modifications

   9. 36. Null and void capacity agreements: modifications

   10. 37. Settlement calculations: modifications

   11. 38. Capacity payments: modifications

   12. 39. Capacity provider penalty charges: modifications

   13. 40. Over delivery payments: modifications

   14. 41. Termination fees: modifications

   15. 42. DSR unproven capacity fee

   16. 43. Non-completion fee: modifications

   17. 44. Repayment of capacity payments: modifications

   18. 45. Payments and penalties: adjustments for DSR providers

   19. 46. Payment and non-payment (interpretation): modifications

   20. 47. The non-payment register: modifications

   21. 48. Payment of credit notes: modifications

   22. 49. Credit cover: modifications

   23. 50. Draw down of applicant credit cover: modifications

   24. 51. Dispute resolution and appeals: modifications

   25. 52. Schedule 1 settlement calculations: modifications

7. PART 6 Modifications to Supplier Payment Regulations

   1. 53. Modifications to the application of the Supplier Payment Regulations

   2. 54. Interpretation: modifications

   3. 55. Supplier settlement calculations: modifications

   4. 56. Capacity market supplier charge: modifications

   5. 57. Mutualisation: modifications

   6. 58. Penalty residual supplier amount: modifications

   7. 59. Non-payment and withheld credit: modifications

   8. 60. Consequences of termination of supplier licences: modifications

   9. 61. Standstill collection period reconciliation: modifications

   10. 62. Supplier credit cover: modification

   11. 63. Calculation of amounts: modifications

8. Signature

9. Explanatory Note