Regulation 50 Reducing capacity payments: failure to demonstrate satisfactory performanceC1

This regulation applies in relation to a capacity committed CMU (“CMU i”) and a delivery year (“year X”) if—

If, by the end of a relevant month, the capacity provider in respect of CMU i (“C”) has not complied with the satisfactory performance requirement, no monthly capacity payment is to be paid in respect of CMU i for that month.

If C complies with the satisfactory performance requirement during May in year X, no monthly capacity payment is to be paid in respect of CMU i for that month.

If C complies with the satisfactory performance requirement during a relevant month F2other than May, the Settlement Body must ensure that the credit which would otherwise be payable to C in respect of the monthly capacity payment for CMU i for that month is reduced by the proportion $\raisebox{1ex}{$A$}\!\left/ \!\raisebox{-1ex}{$B$}\right.$, where—

If C has not complied with the satisfactory performance requirement by the end of year X—

The Settlement Body must—

In this regulation—

• F6“extended performance” has the meaning given in the Rules;

• “relevant month” means May, June, July, August or September in year X;

• “satisfactory performance day” has the meaning given in the Rules;

• “satisfactory performance requirement” means a requirement in capacity market rules for a capacity provider to demonstrate satisfactory performance days F7or extend performance during a satisfactory performance day in respect of a capacity committed CMU.