Regulation 42 Over-delivery payments

(1)

A capacity provider is entitled to receive from the Settlement Body an over-delivery payment in respect of a delivery year (“year X”) if any capacity committed CMU (“CMU i”) for which C was the capacity provider over-delivered in any relevant settlement period in year X.

(2)

For the purposes of this regulation CMU i over-delivers in a relevant settlement period if, for CMU i, $A E_{i j}$ is greater than $A L F C O_{i j}$ in that settlement period.

(3)

The Settlement Body must, by not later than the 26th working day after the end of year X—

(a)

determine the amount, if any, of the over-delivery payment payable to each capacity provider in respect of year X; and

(b)

issue to each capacity provider which is entitled to an over-delivery payment a credit note for the amount determined for it.

(4)

The amount payable to C under paragraph (3)(a) is the sum of—

(a)

$T O D P_{i x}$ , as calculated in accordance with paragraph 7 of Schedule 1, for each capacity committed CMU for which C was registered on the capacity market register as the capacity provider for the whole of year X; and

(b)

C’s proportion of $T O D P_{i x}$ , as calculated in accordance with paragraphs 7 and 8 of Schedule 1, for each capacity committed CMU for which C was registered on the capacity market register as the capacity provider for part of year X.