Regulation 26 Application of Principal Regulations and interpretationI1
England, Wales and Scotland
Chapter 1 of Part 7 of the Principal Regulations (credit cover: general) applies in relation to the provision of supplier credit cover under this Part, except that—
in regulation 53(3)—
the definition of “credit obligation period” has effect as if the words “, under regulation 60,” were omitted;
the definition of “the required amount” has effect as if, for the words “in accordance with F1regulations 59(1), (4) or (5A) or, if applicable, regulation 60(2)”, there was substituted “in accordance with Part 6 of the Supplier Payment Regulations”;
regulations 55(3) and 56(2) do not apply; and
regulation 58(1)(a) applies as if the words “, under regulation 60,” were omitted.
In this Part—
“month M” means a month of a delivery year; and
“S” means an electricity supplier who is required to provide supplier credit cover.
Annotations
Textual amendments
- F1
Words in reg. 26(1)(a)(ii) substituted (17.7.2026) by The Electricity Capacity (Amendment and Transitional Provision) Regulations 2026 (S.I. 2026/850), reg. 1(2), Sch. 2 para. 2
Commencement
- I1
Reg. 26 in force at 18.12.2014, see reg. 1(2)