Regulation 14 Withholding credit payments to suppliersI1
England, Wales and Scotland
(1)
This regulation applies where, at the time when a credit note is issued to an electricity supplier (“S”) under Part 3 or 5, S is in capacity market stage 2 credit default.
(2)
The Settlement Body must ensure that—
(a)
the credit is withheld; and
(b)
the credit note states that the payment is to be withheld and states the reason why.
Annotations
Commencement
- I1
Reg. 14 in force at 18.12.2014, see reg. 1(2)