# The Electricity Capacity Regulations 2014, Regulation 32: Termination fee rates


(1) In this regulation—
“ TF 1 rate " means the rate at which a termination fee is payable by a capacity provider if—
(a) a capacity agreement is terminated on a ground specified in capacity market rules; and
(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—
(a) a capacity agreement is terminated on a ground specified in capacity market rules; and
(b) capacity market rules specify that TF2 is payable in the event of the capacity agreement being terminated on that ground.
(2) TF 1 rate is £5,000/MW.
(3) TF 2 rate is £25,000/MW.
(4) 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.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111116852/regulation/32 (the official version)
Page: https://openlegislation.uk/draft-electricity-capacity-regulations-2014/regulation-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.