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


(1) The Secretary of State must by notice (“a budget notice”) specify—
(a) the overall budget which is available for each delivery year applicable to an allocation round; and
(b) the administrative strike prices applicable to applications in an allocation round.
(2) The Secretary of State may in a 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 overall budget such that a different part (“pot”) of the overall budget applies to the description of applications specified in the 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 overall 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 budget notice,
the budget notice must include a factor which, when applied to that sum, converts that sum into a price which is current at that date.
(5) A budget notice must—
(a) be given to the delivery body;
(b) identify the allocation round to which the budget notice applies; and
(c) be given no later than 10 working days before the commencement date of the allocation round.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111117316/regulation/11 (the official version)
Page: https://openlegislation.uk/draft-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.