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Regulation 15 Payment of withheld credit

Original text. Later amendments are not shown.

(1)

Paragraphs (2) and (3) apply where a credit is withheld from an electricity supplier (“S”) under regulation 14.

(2)

If an invoice is due to be issued to S, the Settlement Body may deduct all or part of the withheld credit from the amount invoiced.

(3)

Except where the withheld credit has been deducted in accordance with paragraph (2), the Settlement Body must pay the withheld credit on the next occasion which the Settlement Body considers practicable when—

(a)

credit payments are made under these Regulations; and

(b)

S is not in capacity market stage 2 credit default.