# The Electricity Capacity Regulations 2014, Regulation 32: Termination fee rates


(1) In this regulation—
“TFxrate” (for any value of x from x = 1 to x = 9) means the rate at which a termination fee is payable by a capacity provider if—
(a)a capacity agreement is terminated on a ground specified in capacity market rules; and
(b)capacity market rules specify that TFx is payable in the event of the capacity agreement being terminated on that ground;
...
(2) Those rates are as follows—
TF1rate is £5,000/MW;
TF2rate is £25,000/MW;
TF3rate is £10,000/MW;
TF4rate is £15,000/MW;
TF5rate is £35,000/MW
TF6rate is £6,500/MW;
TF7rate is £13,000/MW;
TF8rate is £19,500/MW;
TF9rate is £45,500/MW.
(4) References in this regulation to a rate expressed as £/MW are to that amount in pounds per MW of de-rated capacity ... for which the capacity agreement is issued, as specified in the capacity market register.
(5) 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.

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Source: https://www.legislation.gov.uk/uksi/2014/2043/regulation/32 (the official version)
Page: https://openlegislation.uk/electricity-capacity-regulations-2014/regulation-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.