Regulation 4 Amendment of the ESO Regulations (regulation 6)

Regulation 6 of the ESO Regulations is amended as follows.

For paragraphs (2) and (3) substitute—

“(2)

The CFD counterparty must determine an interim levy rate for a quarterly obligation period (“the rate period”) before the commencement of the quarterly obligation period which immediately precedes the rate period.

(3)

Where the CFD counterparty has determined an interim levy rate for a quarterly obligation period it must—

(a)

as soon as reasonably practicable, publish a notice setting out that rate and issue that notice to every electricity supplier who has a BM Unit registered as at the day before the date of publication of the notice; and

(b)

issue that notice to every electricity supplier who has a BM Unit that becomes registered on or after the date of publication of the notice and by the last day of the quarterly obligation period to which that rate applies, as soon as reasonably practicable after the BM Unit is registered.”.