{
  "url": "https://openlegislation.uk/electricity-capacity-amendment-regulations-2017/schedule-1/paragraph-5",
  "json_url": "https://openlegislation.uk/electricity-capacity-amendment-regulations-2017/schedule-1/paragraph-5.json",
  "legislation": "uksi/2017/1053",
  "legislation_title": "The Electricity Capacity (Amendment) Regulations 2017",
  "legislation_url": "https://openlegislation.uk/electricity-capacity-amendment-regulations-2017",
  "path": "schedule/1/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": "New regulation 49A",
  "text": "After regulation 49 insert—\n“Reducing capacity payments: offsetting relevant expenditure\n49A. (1) This regulation applies if, before the time when a credit note is issued to a capacity provider (“C”) for a capacity payment, the Delivery Body has acknowledged receipt of a declaration under the Rules that relevant expenditure has been incurred, or is expected to be incurred, in respect of the capacity committed CMU for which C is responsible.\n(2) If this regulation applies, the Settlement Body must ensure that the credit otherwise payable to C is reduced—\n(a) by the amount of any outstanding relevant expenditure; or\n(b) to nil, if the amount of any outstanding relevant expenditure is equal to or greater than the amount of the credit.\n(3) The Settlement Body must ensure that the credit note issued to C states the amount by which the credit is reduced, and the reason for the reduction.\n(4) This regulation applies to a credit note issued in respect of a transferred part as it applies to a credit note issued in respect of a capacity agreement, and where a capacity agreement has been transferred pursuant to regulation 30A(1)(b) or regulation 30(2)(b), the reduction in the amount payable to C is to be calculated so that it is proportionate to the period and part of the capacity obligation held by C during the month to which the credit note relates.\n(5) In this regulation—\n“outstanding relevant expenditure” means relevant expenditure that has not been deducted from capacity payments pursuant to this regulation; and\n“relevant expenditure” has the meaning given in the Rules.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/1053/schedule/1/paragraph/5",
    "retrieved_at": "2026-10-28T23:06:58.249996+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}