Regulation 80 Appointment of Settlement Body

(1)

The Secretary of State must, as soon as reasonably practicable after this regulation comes into force, appoint a person to be the Settlement Body.

(2)

The Secretary of State may terminate the appointment of a person as Settlement Body.

(3)

If the Secretary of State terminates the appointment of a person (“A”) as Settlement Body, the Secretary of State must—

(a)

as soon as reasonably practicable, appoint another person (“B”) to that position; and

(b)

make arrangements to ensure that any funds held by A under these Regulations F1or the Supplier Payment Regulations are transferred to B.

(4)

The Secretary of State must give notice to—

(a)

each capacity provider;

(b)

each electricity supplier; and

(c)

the other administrative parties,

of an appointment, or the termination of an appointment, under paragraph (1), (2) or (3)(a).

Annotations

F1: Words in reg. 80(3)(b) inserted (18.12.2014) by The Electricity Capacity (Supplier Payment etc.) Regulations 2014 (S.I. 2014/3354), reg. 1(2), Sch. 2 para. 10