# The Electricity Capacity Regulations 2014, Regulation 34: Termination of capacity agreements: CFDs and ROO conversions


(1) 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—
(a) a CFD transfer notice; or
(b) a ROO conversion notice.
(2) The Delivery Body must—
(a) comply with paragraph (1) immediately it receives the notice; and
(b) as soon as reasonably practicable, give a notice that it has terminated A to—
(i) the capacity provider in respect of A;
(ii) the Settlement Body; and
(iii) the CFD counterparty in respect of a CFD transfer notice or the Authority in respect of a ROO conversion notice.
(3) In this regulation—
“CFD transfer notice” means a notice from the CFD counterparty which—
(a) identifies A;
(b) states that the CFD counterparty intends to grant a CFD in respect of CMU i for any of the delivery period; and
(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—
(a) identifies A;
(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
(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; and
“unit conversion” has the same meaning as it has in the ROO.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111116852/regulation/34 (the official version)
Page: https://openlegislation.uk/draft-electricity-capacity-regulations-2014/regulation-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.