Regulation 48 Payment of credit notes: modifications

Regulation 48 (payment of credit notes) of the Principal Regulations applies as if, for sub-paragraph (a) there were substituted—

“(a)

each capacity provider issued with a credit note for a capacity payment, by no later than—

(i)

the end of the 33rd working day after the end of the month to which the payment relates; or

(ii)

in the case of a capacity payment under regulation 40A, the end of the 33rd working day after the end of the month after the month in which the T-1 capacity agreement trigger event occurred; and”.