Regulation 3 Amendment of the Electricity Capacity (Supplier Payment etc.) Regulations 2014

In regulation 9(2) (settlement costs levy) of the Electricity Capacity (Supplier Payment etc.) Regulations 2014^f1, for paragraphs (a) to (c), substitute—

“(a)

£9,112,000 where year Y is the relevant financial year commencing in 2026;

(b)

£10,346,000 where year Y is the relevant financial year commencing in 2027;

(c)

£11,474,000 where year Y is the relevant financial year commencing in 2028 or any subsequent financial year.”.

Paragraph (1) does not apply in respect of any financial year commencing before 2026.

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