Regulation 59A Requirement to provide applicant credit cover: Transitional provisionF1

(1)

This regulation applies to applications made before the coming into force of the Electricity Capacity (Amendment and Transitional Provision) Regulations 2026.

(2)

Where this regulation applies, regulation 59 applies as if—

(a)

in paragraph (2)—

(i)

in sub-paragraph (a)(i), for “£6,500” there were substituted “£5,000”;

(ii)

in sub-paragraph (a)(ia), for “£13,000”, there were substituted “£10,000”;

(iii)

in sub-paragraph (a)(ii), for “£13,000”, there were substituted “£10,000”;

(b)

in paragraph (2C), for “£6,500”, there were substituted “£5,000”; and

(c)

for paragraph (4), there were substituted—

“(4)
In circumstances specified in capacity market rules, the applicant credit cover provided under paragraph (1) in respect of a new build CMU must, where twelve months have elapsed after auction results day, be increased by the capacity provider to an amount equal to £15,000 per MW of de-rated capacity.”.

Annotations

Textual amendments

F1: Reg. 59A inserted (17.7.2026) by The Electricity Capacity (Amendment and Transitional Provision) Regulations 2026 (S.I. 2026/850), reg. 1(2), Sch. 1 para. 11