Regulation 27 Non-completion fees: modifications

(1)

The modifications in paragraph (2) apply in respect of—

(a)

the conditional agreement auction, including the rights and obligations arising out of, or in relation to, this auction; and

(b)

capacity agreements that existed on 15th November 2018.

(2)

Regulation 43A (non-completion fee) of the Principal Regulations applies as if in paragraph (6)—

(a)

in paragraph (a), “; and” were omitted;

(b)

in paragraph (b), for “.” there were inserted “; and”; and

(c)

after paragraph (b), there were inserted—

“(c)

if a non-completion notice is issued during the standstill period, a direction to the Delivery Body to withdraw the termination notice and to terminate a capacity agreement on the ground specified in capacity market rules is to be construed as a reference to a direction to the Delivery Body to withdraw the non-completion notice.”.