Regulation 50 Draw down of applicant credit cover: modifications

Regulation 61 (draw down of applicant credit cover) of the Principal Regulations applies as if—

(a)

in paragraph (1)—

(i)

sub-paragraphs (a) and (b) were omitted; and

(ii)

in sub-paragraph (c)—

(aa)

after “termination fee”, in both places it occurs, there were inserted “, DSR unproven capacity fee,”; and

(bb)

after “regulation 43”, there were inserted “, 43ZB,”;

(b)

in paragraph (2)(c), after “termination fee”, there were inserted “, DSR unproven capacity fee,”; and

(c)

after paragraph (2) there were inserted—

“(2A)

Where the Settlement Body is required to draw down applicant credit cover under sub-paragraph (c) of paragraph (1) in respect of an unpaid DSR unproven capacity fee for an amount determined in accordance with regulation 43ZB(5)(b), the Settlement Body must only draw down part of the credit cover equal to the amount of this fee and any interest payable in respect of the fee.”.