Regulation 59 Requirement to provide applicant credit cover

(1)

An applicant to prequalify for a capacity auction in respect of a CMU (“CMU i”) must, if the applicant receives from the Delivery Body a conditional prequalification notice under capacity market rules, provide applicant credit cover in the amount determined in accordance with paragraph (2).

(2)

The amount of applicant credit cover to be provided is—

(a)

in the case of an application to prequalify for a T-4 auction or a T-1 auction, an amount equal to £5,000 per MW of the de-rated capacity of CMU i;

(b)

in the case of an application to prequalify for a DSR transitional auction, an amount equal to £500 per MW of the de-rated capacity of CMU i.

(3)

If A is required to provide credit cover under paragraph (1), A must do so within 5 working days after receiving the conditional prequalification notice.