Regulation 34 Termination of capacity agreements: CFDs and ROO conversions

The Delivery Body must terminate a capacity agreement (“A”) issued following a T-4 capacity auction where, by no later than 16 months before the start of the delivery period, the Delivery Body receives in respect of A—

The Delivery Body must—

In this regulation—

• “CFD transfer notice” means a notice from the CFD counterparty which—

  1. (a)

     identifies A;

  2. (b)

     states that the CFD counterparty intends to grant a CFD in respect of CMU i for any of the delivery period; and

  3. (c)

     gives the date on which the CFD is intended to be granted;

• “CMU i” means the CMU to which A applies;

• “the delivery period” means the delivery year or the period of delivery years for which A imposes a capacity obligation;

• “ROO conversion notice” means a notice from the capacity provider in respect of A which—

  1. (a)

     identifies A;

  2. (b)

     states that the capacity provider intends to claim ROCs in respect of CMU i as a unit conversion or as part of a station conversion for any of the delivery period; and

  3. (c)

     includes a written confirmation from the Authority that at least one ROC has been issued in respect of CMU i as a unit conversion or as part of a station conversion since the date A was awarded;

• “station conversion” has the same meaning as it has in the ROO^f1; and

• “unit conversion” has the same meaning as it has in the ROO^f2.