# The Electricity Capacity Regulations 2014, Regulation 80: Appointment of Settlement Body


(1) The Secretary of State must, as soon as reasonably practicable after this regulation comes into force, appoint a person to be the Settlement Body.
(2) The Secretary of State may terminate the appointment of a person as Settlement Body.
(3) If the Secretary of State terminates the appointment of a person (“A”) as Settlement Body, the Secretary of State must—
(a) as soon as reasonably practicable, appoint another person (“B”) to that position; and
(b) make arrangements to ensure that any funds held by A under these Regulations are transferred to B.
(4) The Secretary of State must give notice to—
(a) each capacity provider;
(b) each electricity supplier; and
(c) the other administrative parties,
of an appointment, or the termination of an appointment, under paragraph (1), (2) or (3)(a).

---
Source: https://www.legislation.gov.uk/ukdsi/2014/9780111116852/regulation/80 (the official version)
Page: https://openlegislation.uk/draft-electricity-capacity-regulations-2014/regulation-80
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.