Paragraph 11 Regulation 43 (termination fees)

(1)

In regulation 43(3)^f1—

(a)

for “TF1 is payable” substitute “TFx is payable (for any value of x from x = 1 to x = 5)”; and

(b)

for the formula, substitute—

T F x = T F x r a t e \times C O .

(2)

Omit regulation 43(4).

(3)

In regulation 43(5), for the definitions of “TF1_rate” and “TF2_rate” substitute—

““TFx_rate” (for any value of x from x = 1 to x = 5) means the rate in pounds per MW determined in accordance with regulation 32 and specified on the capacity market register as the rate at which TFx is payable under the capacity agreement.”.

Annotations

Footnotes

f1: Regulation 43 is also amended by paragraph 27 of this Schedule.