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Regulation 26 Secretary of State’s discretion: modifications

Original text. Later amendments are not shown.

(1)

The modifications in paragraph (2) apply only in relation to a capacity agreement that existed on 15th November 2018.

(2)

Regulation 33 (termination of capacity agreements: Secretary of State’s discretion) of the Principal Regulations applies as if—

(a)

in paragraph (2)—

(i)

in sub-paragraph (a), “or” were omitted;

(ii)

at the end of sub-paragraph (b), for “.” there were inserted “; or”; and

(iii)

after sub-paragraph (b), there were inserted—

“(c)

if the termination notice is given during the standstill period, direct the Delivery Body to—

(i)

withdraw the termination notice given to the capacity provider (“P”); and

(ii)

terminate the capacity agreement on the ground specified in capacity market rules that it would involve undue financial hardship to require P to pay a termination fee in respect of the termination of the capacity agreement, owing to the exceptional circumstances of P’s particular case arising from the non-payment to P of capacity payments (which were prevented from being paid by the law relating to state aid) during the standstill period.”;

(b)

in paragraph (3), for “6” there were substituted “12”; and

(c)

at the end of paragraph (9), there were inserted “, and “standstill period” has the meaning given in regulation 3 of the Electricity Capacity (No. 1) Regulations 2019”.