Regulation 32 Termination fee rates

In this regulation—

• F1“TFx_rate” (for any value of x from x = 1 to x = F29) means the rate at which a termination fee is payable by a capacity provider if—

  1. (a)

     a capacity agreement is terminated on a ground specified in capacity market rules; and

  2. (b)

     capacity market rules specify F3that TFx is payable in the event of the capacity agreement being terminated on that ground;

• F4...

Those rates are as follows—

• TF1_rate is £5,000/MW;

• TF2_rate is £25,000/MW;

• TF3_rate is £10,000/MW;

• TF4_rate is £15,000/MW;

• TF5_rate is £35,000/MW

• F6TF6_rate is £6,500/MW;

• TF7_rate is £13,000/MW;

• TF8_rate is £19,500/MW;

• TF9_rate is £45,500/MW.

References in this regulation to a rate expressed as £/MW are to that amount in pounds per MW of de-rated capacity F7... for which the capacity agreement is issued, as specified in the capacity market register.

This regulation applies to the termination of a transferred part as it applies to the termination of a capacity agreement; but in that case, the reference in paragraph (4) to the de-rated capacity ... for which the capacity agreement is issued is to be construed as a reference to the capacity obligation comprised in the transferred part.