Paragraph 13 Amendments to the Principal Regulations

In paragraph 6 of Schedule 1—

(a)

in sub-paragraph (4), for the formula substitute—

“”
$M P C_{i m} = M C P_{i m} \times F$

(b)

after sub-paragraph (5) insert—

“(5A)
For the purpose of the second calculation, APC_ix is the annual penalty cap in pounds applying to CMU i in respect of year X, and is to be calculated in accordance with the formula—”
$A P C_{i x} = A C P_{i x} \times G .$

(c)

in sub-paragraph (6)—

(i)

omit the definition of “APC_ix”; and

(ii)

before the definition of “MaxSP_i” insert—

““ACP_ix” means the amount of annual capacity payments calculated under paragraph 3 for CMU i in respect of year X;

“F” means the percentage stated on the capacity market register under regulation 31(2)(f) as the monthly penalty cap percentage for CMU i in respect of year X;

“G” means the percentage stated on the capacity market register under regulation 31(2)(f) as the annual penalty cap percentage for CMU i in respect of year X;”.