Regulation 48 Payment of credit notes
Subject to regulations 49 to 52, the Settlement Body must pay the amount due to—
each capacity provider issued with a credit note for a capacity payment, by no later than F1the end of the 33rd working day after the end of the month to which the payment relates; and
each capacity provider issued with a credit note for an over-delivery payment, by no later than F2the end of the 33rd working day after the end of the delivery year to which the payment relates.
Annotations
Textual amendments
- F1
Words in reg. 48(a) substituted (14.7.2016) by The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 1 para. 56
- F2
Words in reg. 48(b) substituted (14.7.2016) by The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 1 para. 56