Regulation 59 Requirement to provide applicant credit cover

F1Subject to F2paragraph (1B), an applicant to prequalify for a capacity auction in respect of a CMU (“CMU i”) must, if the applicant receives from the Delivery Body a conditional prequalification notice under capacity market rules, provide applicant credit cover in the amount determined in accordance with paragraph (2).

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Where an applicant provides applicant credit cover for a capacity auction in respect of an unproven demand side response CMU F5or an interconnector CMU, the applicant is not required to provide further applicant credit cover for any subsequent capacity auction in respect of that CMU except in circumstances specified in capacity market rules.

F6Subject to F7paragraph (2C), the amount of applicant credit cover to be provided is—

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The applicant credit cover provided under paragraph (1) must, where an applicant which applied to prequalify to bid for a multi-year capacity obligation in respect of an unproven demand side response CMU has met the requirements for DSR partial credit cover release in accordance with the Rules, be reduced to an amount equal to F19£6,500 per MW of the de-rated capacity of the CMU.

If A is required to provide credit cover under paragraph (1), A must do so within F2015 working days after receiving the conditional prequalification notice.

The applicant credit cover provided under paragraph (1) in respect of a new build CMU must—

The increased credit cover required to be provided under paragraph (4) must be provided within 15 working days after the end of that twelve-month period.

Where CMU i is not an unproven demand side response CMU, the applicant credit cover provided under paragraph (1) in respect of CMU i must, where notice requiring an increase in applicant credit cover is given to a capacity provider by the Delivery Body under the Rules, be increased by the capacity provider to an amount equal to £45,500 per MW of de-rated capacity.

The increased credit cover required to be provided under paragraph (5A) must be provided within 15 working days of notice being given by the Delivery Body.

For the purposes of paragraph (4)—

In this regulation, “DSR partial credit cover release” has the meaning given in the Rules.