Regulation 3 Amendments to the Electricity Capacity (Supplier Payment etc.) Regulations 2014

In paragraph (2) of regulation 9 of the Electricity Capacity (Supplier Payment etc.) Regulations 2014^f1 for “£7,472,000 where year Y is the relevant financial year commencing in 2021 or any subsequent financial year” substitute—

“as follows—

(a)

£6,954,000 where year Y is the relevant financial year commencing in 2022;

(b)

£7,382,000 where year Y is the relevant financial year commencing in 2023;

(c)

£7,734,000 where year Y is the relevant financial year commencing in 2024 or any subsequent financial year.”.

Paragraph (1) does not apply in respect of any financial year commencing before 2022.

In paragraph (2) “financial year” means a period of one year commencing with 1st April.