{
  "url": "https://openlegislation.uk/electricity-capacity-regulations-2014/schedule-1/paragraph-5",
  "json_url": "https://openlegislation.uk/electricity-capacity-regulations-2014/schedule-1/paragraph-5.json",
  "legislation": "uksi/2014/2043",
  "legislation_title": "The Electricity Capacity Regulations 2014",
  "legislation_url": "https://openlegislation.uk/electricity-capacity-regulations-2014",
  "path": "schedule/1/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": "Capacity provider penalty charges: calculation of settlement period penalty applying to a capacity committed CMU",
  "text": "(1) The Settlement Body must, after the end of each month of a delivery year (“year X”) in which one or more relevant settlement periods occur (“month M”), calculate in respect of each relevant CMU (“CMU i”) and each relevant settlement period (“settlement period j”) the settlement period penalty in pounds applying to CMU i in respect of settlement period j (“SPPij”).\n(2) SPPijmust be calculated in accordance with the formula—\nSPPij=PRix×(ALFCOij−AEij).\n(2A) For the purpose of sub-paragraph (2), “PRij” is the penalty rate in pounds per MWh applying to CMU i in respect of settlement period j, and is to be calculated in accordance with the formula—\nPR=ij∑(PR×NICOijN)N∑INCOijN\nwhere—\n“ICOijN” is the whole or a part of any capacity obligation COzx applying to CMU i in settlement period j, and\n“PRN” is the penalty rate applying to that capacity obligation.\n(3) For the purpose of sub-paragraph (2A), PRN is to be calculated in accordance with the formula—\nPRN=PEzx×(124).\n(4) In this paragraph—\n“PEzx” means the price in pounds per MW determined for COzx in accordance with paragraph 3(4) to (5)\n“relevant CMU” means a capacity committed CMU in respect of which AEij is less than ALFCOij in one or more relevant settlement periods in month M.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 1 para. 5(2): formula amended by the substitution of \"PRij\" for “PRix” (14.7.2016) by The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 1 para. 33(1) (with reg. 1(4))"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. 1 para. 5(2A) inserted (14.7.2016) by The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 1 para. 33(2) (with reg. 1(4))"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Sch. 1 para. 5(3) substituted (14.7.2016) by The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 1 para. 33(3) (with reg. 1(4))"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in Sch. 1 para. 5(4) substituted (14.7.2016) by The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 1 para. 33(4) (with reg. 1(4))"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in Sch. 1 para. 5(4) substituted (23.7.2025) by The Electricity Capacity (Amendment) (No. 2) Regulations 2025 (S.I. 2025/917), reg. 1(2), Sch. para. 18(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/2043/schedule/1/paragraph/5",
    "retrieved_at": "2026-10-29T00:07:34.872566+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}