Paragraph 18 Regulation 60 (credit obligation period)

In regulation 60(1), after sub-paragraph (b) insert—

“(ba)

where A is required by capacity market rules to provide a notice of confirmation or other document as a requirement for being eligible to bid in the capacity auction in respect of CMU i, it does not do so within the time required by capacity market rules;”.

For regulation 60(2) substitute—

“(2)

Where paragraph (1)(a) applies, A must thereafter maintain credit cover—

(a)

for a T-4 or a T-1 auction, in an amount equal to £5,000 per MW of the amount of the DSR bid capacity of CMU i, or

(b)

for a DSR transitional auction, in an amount equal to £500 per MW of the amount of the DSR bid capacity of CMU i,

until the earliest of the events in sub-paragraphs (b) to (h) of paragraph (1) has occurred.”.