Regulation 32 Termination fee rates

In this regulation—

• “$TF{1}_{rate}$" means the rate at which a termination fee is payable by a capacity provider if—

  1. (a)

     a capacity agreement is terminated on a ground specified in capacity market rules; and

  2. (b)

     capacity market rules specify that TF1 is payable in the event of the capacity agreement being terminated on that ground;

• “$TF{2}_{rate}$” means the rate at which a termination fee is payable by a capacity provider if—

  1. (a)

     a capacity agreement is terminated on a ground specified in capacity market rules; and

  2. (b)

     capacity market rules specify that TF2 is payable in the event of the capacity agreement being terminated on that ground.

$TF{1}_{rate}$is £5,000/MW.

$TF{2}_{rate}$is £25,000/MW.

References in this regulation to a rate expressed as £/MW are to that amount in pounds per MW of de-rated capacity or DSR bid capacity for which the capacity agreement is issued, as specified in the capacity market register.