Regulation 30 Set-off of payments by the CFD counterparty

the CFD counterparty is liable to make a payment (“a relevant payment”) to an electricity supplier under these Regulations by a date (“the relevant date”); and

that supplier is liable to pay determined payments; and

the CFD counterparty considers that there is a high degree of likelihood that the electricity supplier will fail to pay a determined payment.

which a supplier must make to the CFD counterparty by virtue of these Regulations;

which the supplier has not yet made; F5...

the amount of which has been determinedF6; and

which the supplier must make within 5 working days of the relevant date.

in the case of a payment which is calculated by reference to an amount of electricity determined by the BSCCo on the basis of a BSC volume allocation run, the BSCCo has carried out that BSC volume allocation run;

in the case of a payment where the amount of that payment must be determined by the CFD counterparty in accordance with these Regulations, the CFD counterparty has determined the amount of that payment;

in the case of a requirement to pay an amount of interest, the day by which that interest must be paid has passed.