Regulation 23 Draw down of credit coverI1
England, Wales and Scotland
(1)
Paragraph (2) applies where an electricity supplier (“S”) does not pay an invoiced amount F1in accordance with regulation 22(2).
(2)
Where this paragraph applies, the Settlement Body must by T-9 draw down on any existing credit cover of S for the amount due.
(3)
In paragraph (2), “existing credit cover” means the supplier credit cover (if any) of S which applies at the time the draw down is made.
Annotations
Textual amendments
- F1
Words in reg. 23(1) substituted (14.7.2016) by The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 2 para. 8
Commencement
- I1
Reg. 23 in force at 18.12.2014, see reg. 1(2)