# The Electricity Capacity (Amendment) Regulations 2016, Paragraph 18: Regulation 60 (credit obligation period)


(1) In regulation 60(1), after sub-paragraph (b) insert—
“(ba) where A is required by capacity market rules to provide a notice of confirmation or other document as a requirement for being eligible to bid in the capacity auction in respect of CMU i, it does not do so within the time required by capacity market rules;”.
(2) For regulation 60(2) substitute—
“(2) Where paragraph (1)(a) applies, A must thereafter maintain credit cover—
(a) for a T-4 or a T-1 auction, in an amount equal to £5,000 per MW of the amount of the DSR bid capacity of CMU i, or
(b) for a DSR transitional auction, in an amount equal to £500 per MW of the amount of the DSR bid capacity of CMU i,
until the earliest of the events in sub-paragraphs (b) to (h) of paragraph (1) has occurred.”.

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Source: https://www.legislation.gov.uk/ukdsi/2016/9780111146774/schedule/1/paragraph/18 (the official version)
Page: https://openlegislation.uk/draft-electricity-capacity-amendment-regulations-2016/schedule-1/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.