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Regulation 4 Transitional provisions

Original text. Later amendments are not shown.

(1)

The amendment to regulation 60(2)(a) of the Electricity Capacity Regulations 2014 made by paragraph 6(4) of Schedule 1 to these Regulations, does not affect the level of credit cover required in relation to any capacity agreement awarded before that paragraph comes into force.

(2)

This paragraph applies in relation to any calculation required to be made or other thing required to be done in respect of—

(a)

any capacity year, delivery year or financial year which commenced before 1st January 2018; or

(b)

any period forming part of such a year.

(3)

Where paragraph (2) applies, the Supplier Payment Regulations continue to apply on and after 1st January 2018 as if they had not been amended by Schedule 2.

(4)

In this regulation—

  • “capacity agreement”, “capacity year”, “credit cover”, and “delivery year” have the meanings given in regulation 2(1) of the Electricity Capacity Regulations 2014; and

  • “financial year” has the meaning given in regulation 2(1) of the Supplier Payment Regulations.