# The Contracts for Difference (Electricity Supplier Obligations) Regulations 2014, Regulation 13: Adjusted interim levy rate


(1) Subject to paragraph (2), an adjusted interim levy rate for a quarterly obligation period (“the rate period”) is to be determined as the amount given by—
EOC−(EOI+SPC) EPS where—
EOC is the estimated quarterly obligation period payment cost in respect of the rate period, estimated in accordance with regulation 7(1) as at the time of the determination of the adjusted interim levy rate;
EOI is the estimated quarterly obligation period income in respect of the rate period, estimated in accordance with regulation 7(3) as at the time of the determination of the adjusted interim levy rate;
SPC is the sum of—
(i) the total amount of interim rate payments which have been received by the CFD counterparty in relation to the rate period as at the time of the determination of the adjusted interim levy rate; and
(ii) the total amount of interim rate payments which the CFD counterparty estimates it will receive in relation to the rate period, in the period from the time of the determination of the adjusted interim levy rate until the adjusted interim levy rate has effect;
EPS is the amount of electricity which the CFD counterparty estimates will be supplied by all electricity suppliers from the time the adjusted interim levy rate has effect until the conclusion of the rate period.
(2) Where the rate determined in accordance with paragraph (1) would be a negative number, the CFD counterparty must determine the adjusted interim levy rate as zero.
(3) Where the CFD counterparty has determined an adjusted interim levy rate it must publish a notice setting out that rate and must—
(a) issue that notice to every electricity supplier, and
(b) issue that notice to any person who becomes an electricity supplier during that period.
(4) An adjusted interim levy rate has effect from the latest of—
(a) the commencement of the rate period;
(b) the 30th day after the CFD counterparty has published the notice under paragraph (3);
(c) any later date in the rate period which the CFD counterparty specifies in the notice under paragraph (3).

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111116784/regulation/13 (the official version)
Page: https://openlegislation.uk/draft-contracts-for-difference-electricity-supplier-obligations-regulations-2014/regulation-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.