Regulation 7

For regulation 10(5) substitute—

“(5)

The total reserve amount for a quarterly obligation period is the amount which the CFD counterparty determines it would need to be paid for there to be a 19 in 20 probability of it being able to make all the payments it is required to make to CFD parties during the reserve period which commences during that period having regard to—

(a)

the CFD counterparty’s estimate of the payments it expects to receive from CFD parties and electricity suppliers during that reserve period; and

(b)

the likelihood of any supplier failing to make payments it is required to make under these Regulations during that reserve period.”.