Regulation 4 Establishing allocation rounds

(1)

Subject to paragraphs (2) to (4), the Secretary of State may by notice establish an allocation round (“an allocation round notice”).

(2)

An allocation round notice must—

(a)

be given to the delivery body and the CFD counterparty; and

(b)

state—

(i)

the commencement date of the allocation round, which must not be earlier than 10 working days after the date of the notice;

(ii)

the end date of the allocation round, which must be no later than 6 months after the commencement date;

(iii)

subject to paragraph (3), the date by which an application for a CFD to be allocated further to that round must be made (“the application closing date”); and

(iv)

which delivery year or years apply to any CFDs to be allocated further to the allocation round.

(3)

The application closing date must be no earlier than 10 working days after the commencement date of the allocation round.

(4)

Where the CFDs to be allocated further to an allocation round are restricted to particular types of eligible generator or eligible generating station, the allocation round notice must state the restriction.

(5)

An allocation round may be for some or all of the period of another allocation round.