Regulation 36 Interpretation of this ChapterI1
Northern Ireland
For the purposes of this Chapter—
“arrangement benefit” has the meaning given in regulation 39(1)(a);
“balancing services” means a customer varying its consumption of energy in order to provide a service—
to a person holding a transmission licence, in connection with the balancing of flows of electricity onto and off a transmission system; or
to a gas transporter, in connection with the balancing of flows of gas into and out of a pipe-line system;
“Chapter 1 arrangement” means an arrangement of the kind described in regulation 37(1)(b) and (2);
“contract financial exposure” has the meaning given in regulation 37(1)(b);
a “declaration period” is the period between the initial declaration date and the first periodic declaration date, or between a later periodic declaration date and the next periodic declaration date;
“effective financial exposure” has the meaning given in regulation 37(1)(b);
the “initial declaration date” in respect of a supply contract is the later of—
the scheme introduction date, if on that date the customer has made a Chapter 1 arrangement and is party to the supply contract, and
such later date on which the customer—
enters into the supply contract, having already made a Chapter 1 arrangement, or
makes a Chapter 1 arrangement, being already a party to the supply contract;
“periodic declaration dates” are dates chosen by the supplier, falling at intervals of not more than 31 days, of which the first must be not more than 31 days after the initial declaration date and the last must be the last day of the scheme period.
Annotations
Commencement
- I1
Reg. 36 in force at 1.11.2022, see reg. 1(1)
Footnotes
- f1
-
1996 No. 275 (N.I. 2), Part I, s2(2).
- f2