# The Electricity Capacity (Amendment) Regulations 2016, Paragraph 17: Regulation 59 (requirement to provide applicant credit cover)


(1) In regulation 59—
(a) in paragraph (1), for “paragraphs (1A) and” substitute “paragraph”;
(b) omit paragraph (1A); and
(c) in paragraph (1B), after “demand side response CMU” insert “or an interconnector CMU”.
(2) For regulation 59(2)(a) substitute—
“(a) in the case of an application to prequalify for a T-4 auction or a T-1 auction—
(i) if CMU i is an unproven demand side response CMU, an amount equal to £5,000 per MW of the de-rated capacity of CMU i; and
(ii) if CMU i is not an unproven demand side response CMU, an amount equal to £10,000 per MW of the de-rated capacity of CMU i;”.
(3) After regulation 59(3) insert—
“(4) In circumstances specified in capacity market rules, the applicant credit cover provided under paragraph (1) in respect of a new build CMU must, where twelve months have elapsed after auction results day, be increased by the capacity provider to an amount equal to £15,000 per MW of de-rated capacity.
(5) The increased credit cover required to be provided under paragraph (4) must be provided within 15 working days after the end of that twelve-month period.
(6) For the purposes of paragraph (4)—
(a) “new build CMU” has the meaning given in the Rules; and
(b) “auction results day” means the date on which the auction results are published under regulation 25(1)(c).”.

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Source: https://www.legislation.gov.uk/ukdsi/2016/9780111146774/schedule/1/paragraph/17 (the official version)
Page: https://openlegislation.uk/draft-electricity-capacity-amendment-regulations-2016/schedule-1/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.