# The Contracts for Difference (Allocation) Regulations 2014, Regulation 11: Contract budget notices

Extent: E+W+S

(1) The Secretary of State must by notice (“a contract budget notice”) specify—
(a) the contract budget which is available for each delivery year applicable to an allocation round; ...
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) The Secretary of State may in a contract budget notice specify any of the following—
(a) budgets which are reserved for the descriptions of applications specified in the notice (“minima”);
(b) maximum budgets which apply to the descriptions of applications specified in the notice (“maxima”);
(c) a division of the contract budget such that a different part (“pot”) of the contract budget applies to the description of applications specified in the pot notice.
(3) Where maxima or minima are specified, they may be expressed as—
(a) a sum of money;
(b) an amount of capacity of electricity generation; or
(c) a combination of (a) and (b).
(4) Where—
(a) the contract budget is expressed as a sum of money; and
(b) that sum is stated by reference to a price which is not current at the date of the contract budget notice,
the contract budget notice must include a factor which, when applied to that sum, converts that sum into a price which is current at that date.
(4A) Where any budget referred to in paragraph (1)(a) or (2) (that is to say, the contract budget, a minimum, a maximum or a pot) is expressed as an amount of capacity of electricity generation, the Secretary of State may specify in the contract budget notice that a soft constraint applies to that amount; and in such a case, the amount of capacity of electricity generation may be exceeded, but only in accordance with the provisions of the contract allocation framework that applies to that allocation round.
(5) A contract budget notice must—
(a) be given to the delivery body at such time as is set out in the contract allocation framework; and
(b) identify the allocation round to which the contract budget notice applies; ...
(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

---
Source: https://www.legislation.gov.uk/uksi/2014/2011/regulation/11 (the official version)
Page: https://openlegislation.uk/contracts-for-difference-allocation-regulations-2014/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.