Regulation 2 Amendment of the Contracts for Difference (Standard Terms) Regulations 2014

Regulation 3 (provision to be included in standard terms) of the Contracts for Difference (Standard Terms) Regulations 2014^f1 is amended as follows.

Renumber regulation 3 as paragraph (1) of that regulation.

In paragraph (1)(a), after “the difference between the strike price and the reference price”, insert “, except during a period of negative pricing”.

After paragraph (1) insert—

“(2)

In paragraph (1)(a), “period of negative pricing”, in relation to a CFD, means a period determined under the CFD in which a market price of electricity is less than £0.”.