Paragraph 36 Paragraph 7 (over-delivery payments)

(1)

In paragraph 7(1)(a), for the words from “relevant” to the end substitute “each relevant settlement period in year X (“ODR_ij”)”.

(2)

In paragraph 7(2) and (3), for “ODR_ix” (wherever it occurs) substitute “ODR_ij”.

(3)

In paragraph 7(2)—

(a)

insert at the beginning “Subject to sub-paragraph (2A),”; and

(b)

for “PR_ix” substitute “PR_ij”.

(4)

After paragraph 7(2) insert—

“(2A)
For the purposes of the calculation in paragraph (2), where the over-delivery payment is to be made to a qualified person who is not a capacity provider in settlement period j, the value of PR_ij is deemed to be equal to the penalty rate applying to a capacity obligation awarded in the T-4 auction for year X and calculated in accordance with paragraph 5.”.

(5)

In paragraph 7(5)—

(a)

for the definition of “PR_ix” substitute—

““PR_ij” means the penalty rate in pounds per MWh applying to CMU i in respect of settlement period j, as calculated in accordance with paragraph 5”; and

(b)

after that definition insert—

““qualified person” has the meaning given in regulation 42(2);”.