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Paragraph 1 Amendments to regulation 2

Original text. Later amendments are not shown.

In regulation 2 (interpretation) in paragraph (1)—

(a)

for the definition of “auction clearing price”, substitute—

  • ““auction clearing price” means, in relation to a capacity auction, the price per MW which, subject to any provision for adjustment of capacity payments for inflation, is determined by the capacity auction to be the price at which capacity payments are payable in respect of capacity committed CMUs awarded a capacity obligation in that capacity auction;”; and

(b)

in the definition of “TFx” for “5” substitute “9”.