{
  "url": "https://openlegislation.uk/draft-electricity-capacity-supplier-payment-etc-regulations-2014/regulation-21",
  "json_url": "https://openlegislation.uk/draft-electricity-capacity-supplier-payment-etc-regulations-2014/regulation-21.json",
  "legislation": "ukdsi/2014/9780111123119",
  "legislation_title": "The Electricity Capacity (Supplier Payment etc.) Regulations 2014",
  "legislation_url": "https://openlegislation.uk/draft-electricity-capacity-supplier-payment-etc-regulations-2014",
  "path": "regulation/21",
  "kind": "regulation",
  "number": "21",
  "heading": "Annual reconciliation runs: recalculation of payments",
  "text": "(1) By no later than T-21 the Settlement Body must make a redetermination in respect of year X of—\n(a) the capacity market supplier charge payable by each electricity supplier; and\n(b) the penalty residual supplier amount (if any) payable to each electricity supplier.\n(2) For the purpose of paragraph (1), the Settlement Body must remake the calculations under—\n(a) paragraphs 2 to 6 of Schedule 1; and\n(b) paragraph 7 of Schedule 1 to the Principal Regulations.\n(3) For each electricity supplier (“S”), the Settlement Body must calculate the amount of the reconciliation payment which, subject to regulation 24, is due to or from S (“RAS”).\n(4) RAS must be calculated in accordance with the formula—\nRAS=(ASCRDA−TMSC)+(PRSAR−PRSARDA).\n(5) For the purposes of paragraph (4)—\n“ASCRDA” means the amount of the capacity market supplier charge re-determined for S under paragraph (1)(a);\n“PRSAR” means the penalty residual supplier amount which S has received before the re-determination under paragraph (1) is made;\n“PRSARDA” means the amount redetermined for S under paragraph (1)(b);\n“TMSC” means the total amount of monthly capacity market supplier charges paid by S in respect of year X before the redetermination under paragraph (1) is made, adjusted by adding the amounts of any reconciliation payments paid by S and subtracting the amounts of any reconciliation payments for which credit notes have been issued to S pursuant to monthly reconciliation runs for the months of year X.\n(6) The Settlement Body must calculate the total amount of reconciliation payments payable by the Settlement Body (“TAP”).\n(7) TAP must be calculated as the positive amount which corresponds to the sum of RAS for all electricity suppliers for which RAS is a negative amount.\n(8) The Settlement Body must, subject to paragraph (9)—\n(a) if RAS is a positive amount, issue to S an invoice for that amount; and\n(b) if RAS is a negative amount, subject to regulation 24, issue to S a credit note for the corresponding positive amount; and\n(c) if RAS is equal to zero, give to S a notice that no reconciliation payment is due to or from S.\n(9) If S is entitled to a mutualisation credit under regulation 7(6) and (7), the Settlement Body must adjust the amount of the invoice or credit note to be issued under paragraph (7) by the amount of that credit.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2014/9780111123119/regulation/21",
    "retrieved_at": "2026-10-30T15:11:44.077766+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}