PART 5Conditional agreement auction

Termination fee rates: modifications34

Regulation 32 (termination fee rates) of the Principal Regulations applies as if—

a

in paragraph (1), in the definition of “TFxrate”—

i

in sub-paragraph (a), after “a”, in the first place it occurs, there were inserted “conditional capacity agreement or”; and

ii

in sub-paragraph (b), after “the” there were inserted “conditional capacity agreement or”;

b

in paragraph (4), for “capacity agreement” there were substituted “conditional capacity agreement, or the capacity agreement this conditional capacity agreement has become under regulation 30(2A),”; and

c

in paragraph (5)—

i

after “a”, in the second place it occurs, there were inserted “conditional capacity agreement or”; and

ii

for “capacity agreement”, where it occurs after the words “which the”, substitute “conditional capacity agreement, or the capacity agreement it has become under regulation 30(2A),”.