Regulation 18 Amendment of the ESO Regulations (regulation 28)

Regulation 28 of the ESO Regulations is amended as follows.

After paragraph (4) insert—

“(5)

The CFD counterparty must publish information which relates to its estimates of the liabilities of electricity suppliers arising during three consecutive quarterly obligation periods (“the projection period”).

(6)

The CFD counterparty must publish information under paragraph (5) no later than two quarterly obligation periods before the start of the first quarterly obligation period to which that information relates.

(7)

The information published under paragraph (5) must include—

(a)

an estimate of the interim levy rate that would apply to each quarterly obligation period during the projection period;

(b)

an estimate of the total reserve amount for each quarterly obligation period during the projection period;

(c)

an estimate of CFD party payments and CFD counterparty payments which may arise in respect of each quarterly obligation period during the projection period.

(8)

The CFD counterparty is not required to publish any information under paragraph (5) relating to generators that have applied for but not been awarded CFDs or that may apply for CFDs in future.”.