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The Contracts for Difference (Electricity Supplier Obligations) Regulations 2014

S.I. 2014/2014 · Made 31 July 2014 · Extends to United Kingdom

Not fully up to date. 4 changes made by later legislation have not yet been written into this text, which is revised to 1 April 2026.

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reg. 2(1)words omittedContracts for Difference (Electricity Supplier Obligations) 2026 reg. 3
reg. 5words substitutedContracts for Difference (Electricity Supplier Obligations) 2026 reg. 4
reg. 7(1)words substitutedContracts for Difference (Electricity Supplier Obligations) 2026 reg. 5(a)
reg. 7(2)(za)insertedContracts for Difference (Electricity Supplier Obligations) 2026 reg. 5(b)

Electricity

Made 31st July 2014

Coming into force in accordance with regulation 1

The Secretary of State has before making these Regulations—

  1. (a)

    consulted the persons listed in section 24(1)(a) to (g) of the Energy Act 2013 M1 and such other persons as the Secretary of State considered it appropriate to consult; and

  2. (b)

    had regard to the matters in section 5(2) of that Act

In accordance with section 6(8) of that Act, a draft of this instrument was laid before Parliament and approved by a resolution of each House of Parliament.

Accordingly, the Secretary of State, in exercise of the powers conferred by sections 6(1), (5) and (6), 9(1), (2), (4) to (8), and (10), 17, 18(1), (2) and (4), 19, 21(1) and (3) and 22(1) of, and paragraph 16(2) of Schedule 2 to, the Energy Act 2013, makes the following Regulations:

Annotations to the whole text

Marginal citations

M1

2013 c.32.

Contents

  1. Part 1: Introduction
  2. 1Citation and commencement
  3. 2Interpretation
  4. Part 2: Supplier obligation
  5. Chapter 1: The supplier obligation
  6. 3The supplier obligation
  7. 4CFD daily contributions
  8. 5CFD quarterly contribution
  9. Chapter 2: Interim daily levy
  10. 6Setting the interim levy rate
  11. 7Estimated cost, income & electricity supply
  12. 8Interim rate payments
  13. 9Data reconciliation of interim rate payments
  14. Chapter 3: Payments for reserve
  15. 10Reserve payments
  16. 11Individual suppliers' reserve amounts
  17. Chapter 4: Adjustments to interim rate and additional reserve payments
  18. 12In period adjustments
  19. 13Adjusted interim levy rate
  20. 14Additional total reserve amount
  21. 14ADetermination of reduced total reserve amount
  22. Chapter 5: Reconciliation payments
  23. 15Reconciliation payments
  24. 16Determination of reconciliation payments
  25. Chapter 6: Mutualisation
  26. 17Mutualisation
  27. 18Repayment of mutualised amounts
  28. Chapter 7: Collateral
  29. 19Requirement to provide collateral
  30. 20Appropriate letters of credit
  31. 21Calling of collateral
  32. 22Withdrawal of collateral and payment of interest
  33. Part 3: Operational costs
  34. Chapter 8: The operational costs levy
  35. 23The operational costs levy
  36. 24Repayment of excess
  37. Part 4: Miscellaneous
  38. Chapter 9: Enforcement and disputes
  39. 25Enforcement of requirements
  40. 26Dispute notices
  41. 27Determination of disputes
  42. 28Duties of the CFD counterparty to enforce and notify
  43. 29Notices and publications
  44. Chapter 10: Effect of payment and interest
  45. 30Set-off of payments by the CFD counterparty
  46. 30ANetting of payments by the CFD counterparty
  47. 31Discharge of obligations by payment
  48. 32Use of payments
  49. 33Apportioning sums to CFDs
  50. 34Application of apportionment to CFDs
  51. 35Interest
  52. Signature
  53. Schedule
  54. 1Paragraph 1
  55. 2Paragraph 2
  56. 3Paragraph 3
  57. 4Paragraph 4
  58. 5Paragraph 5
  59. 6Paragraph 6
  60. 7Paragraph 7
  61. 8Paragraph 8
  62. 9Paragraph 9
  63. 10Paragraph 10
  64. 11Paragraph 11
  65. 12Paragraph 12
  66. 13Paragraph 13
  67. 13AParagraph 13A
  68. 14Paragraph 14
  69. 15Paragraph 15
  70. 16Paragraph 16
  71. 17Paragraph 17
  72. 18Paragraph 18
  73. 19Paragraph 19
  74. 20Paragraph 20
  75. 21Paragraph 21
  76. 22Paragraph 22
  77. 23Paragraph 23
  78. 24Paragraph 24
  79. 25Paragraph 25
  80. 26Paragraph 26
  81. 27Paragraph 27
  82. 28Paragraph 28
  83. 29Paragraph 29
  84. 29AParagraph 29A
  85. 30Paragraph 30
  86. 31Paragraph 31
  87. 32Paragraph 32
  88. 33Paragraph 33
  89. Explanatory note