PART 5Conditional agreement auction
Schedule 1 settlement calculations: modifications52
Schedule 1 (settlement calculations) to the Principal Regulations applies as if—
a
in paragraph 3—
i
in sub-paragraph (1), for “by no later than 3 months before the commencement of a delivery year (“year X”)” there were substituted “before the commencement of a delivery year (“year X”), and as soon as reasonably practicable after the necessary information is available”; and
ii
in sub-paragraph (1)(a), after “regulations” there were inserted “40A and”;
b
in paragraph 4(1), after “regulations” there were inserted “40A and”;
c
in paragraph 6—
i
after sub-paragraph (2A), there were inserted—
2B
In sub-paragraph (2A)(a), a capacity provider penalty charge is incurred in respect of a CMU in a relevant settlement period even if this charge will only become payable if the T-1 capacity agreement trigger event occurs.
ii
in sub-paragraph (6), in the definitions of “Fy” and “Gy”, after “issue of the” in each definition, there were inserted “conditional”; and
d
in paragraph 7(5), in the definition of “TPRx”, at the end there were inserted “after any repayments of overcharged penalty charge by the Settlement Body under regulation 43E are subtracted”.