# The Electricity Capacity (Supplier Payment etc.) Regulations 2014, Regulation 23: Draw down of credit cover

Extent: E+W+S

(1) Paragraph (2) applies where an electricity supplier (“S”) does not pay an invoiced amount in 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.

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Source: https://www.legislation.gov.uk/uksi/2014/3354/regulation/23 (the official version)
Page: https://openlegislation.uk/electricity-capacity-supplier-payment-etc-regulations-2014/regulation-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.