Regulation 6 Standard conditions of electricity interconnector licences

The standard conditions of an electricity interconnector licence are amended as follows.

In condition 19 (operation and development of the interconnector), after paragraph 4, insert—

“5.

The licensee must not own, develop, manage or operate an electricity storage facility, except where the licensee owns or operates an electricity storage facility which is situated on the same site as the licensee’s interconnector for the purpose of continuity of supply and system resilience, and the electricity storage facility is not used to buy or sell electricity in the electricity markets.

6.

In this condition:

• “electricity markets” means markets for electricity, including over-the-counter markets and electricity exchanges, markets for the trading of energy, capacity, balancing and ancillary services in all timeframes, including forward, day-ahead and intraday markets;

• “electricity storage” means the conversion of electrical energy into a form of energy that can be stored, the storing of that energy, and the subsequent reconversion of that energy back into electrical energy;

• “electricity storage facility” means a facility where electricity storage occurs; and

• “system resilience” means the ability to avoid, adapt to, and quickly and efficiently recover from potential or actual disturbance in the supply of electricity.”

In condition 23 (regional cooperation), for paragraphs 1 to 3 substitute “1. [not in use]”.