# The Electricity Capacity Regulations 2014, Regulation 45: General


(1) In this Chapter—
“draw down” has the same meaning as it has in Part 7;
“in default” means a failure to pay in full an invoiced amount by the payment due date;
“invoiced amount” means the total amount payable by a payer as stated in the invoice issued to that payer under regulation 41, 43 or 44;
“payer” means a person to whom an invoice is issued under regulation 41, 43 or 44;
“payment due date” means the day specified in an invoice in accordance with regulation 38(2) as the date by which it is to be paid.
(2) Where this Chapter requires a payer to make a payment by no later than a stated day, the payment must be made by no later than 5.00 p.m. on that day.
(3) A payment made after 5.00 p.m. is to be treated as having been made on the following day.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111116852/regulation/45 (the official version)
Page: https://openlegislation.uk/draft-electricity-capacity-regulations-2014/regulation-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.