The Contracts for Difference (Electricity Supplier Obligations) (Amendment) Regulations 2024
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
4 Amendment to regulation 4 (CFD daily contributions)
In regulation 4— (a) in paragraph (1)— (i) for the definition of GP, substitute— GP is the total amount of generation counterparty payments which the CFD counterparty is required to make in respect of— electricity generation which occurred on that day, electricity generation capacity which was made available on that day, transport and storage capital costs or operational costs which arose on that day, carbon dioxide capture which occurred on that day, carbon dioxide capture capability which was made available on that day, transport and storage revenue shortfalls which arose on that day, except for any payments which, at the time of the final reconciliation determination in respect of that quarterly obligation period, had not been determined by the CFD counterparty; ; (ii) for the definition of CP, substitute— CP is the total amount of generation party payments which the CFD counterparty has received from CFD parties in respect of— electricity generation which occurred on that day, electricity generation capacity which was made available on that day, transport and storage capital costs or operational costs which arose on that day, carbon dioxide capture which occurred on that day, carbon dioxide capture capability which was made available on that day, transport and storage revenue shortfalls which arose on that day, except for any payments which, at the time of the final reconciliation determination in respect of that quarterly obligation period, had not been determined by the CFD counterparty; ; (b) in paragraph (2)— (i) for the definition of “generation counterparty payment”, substitute— “generation counterparty payment” means any CFD counterparty payment made under, or in respect of a breach of, a CFD or connected agreement which is calculated directly by reference to— an amount of electricity generated by a generating station which is the subject of that CFD or connected agreement, an amount of electricity generation capacity made available by a generating station which is the subject of that CFD or connected agreement, the capital costs or the operational costs incurred by a transport and storage provider and is payable under the CFD or connected agreement to the generating station which is the subject of that CFD or connected agreement, an amount of carbon dioxide captured by a generating station which is the subject of that CFD or connected agreement, an amount of carbon dioxide capture capability made available by a generating station which is the subject of that CFD or connected agreement, the revenue shortfalls of a transport and storage provider and is payable under the CFD or connected agreement to the generating station which is the subject of that CFD or connected agreement; ; (ii) for the definition of “generation party payment”, substitute— “generation party payment” means any CFD party payment made under a CFD or connected agreement which is calculated directly by reference to— an amount of electricity generated by a generating station which is the subject of that CFD or connected agreement, an amount of electricity generation capacity made available by a generating station which is the subject of that CFD or connected agreement, the capital costs or the operational costs incurred by a transport and storage provider and is payable under the CFD or connected agreement to a generating station which is the subject of that CFD or connected agreement, an amount of carbon dioxide captured by a generating station which is the subject of that CFD or connected agreement, an amount of carbon dioxide capture capability made available by a generating station which is the subject of that CFD or connected agreement, the revenue shortfalls of a transport and storage provider and is payable under the CFD or connected agreement to the generating station which is the subject of that CFD or connected agreement; .
4 Amendment to regulation 4 (CFD daily contributions)
In regulation 4— (a) in paragraph (1)— (i) for the definition of GP, substitute— GP is the total amount of generation counterparty payments which the CFD counterparty is required to make in respect of— electricity generation which occurred on that day, electricity generation capacity which was made available on that day, transport and storage capital costs or operational costs which arose on that day, carbon dioxide capture which occurred on that day, carbon dioxide capture capability which was made available on that day, transport and storage revenue shortfalls which arose on that day, except for any payments which, at the time of the final reconciliation determination in respect of that quarterly obligation period, had not been determined by the CFD counterparty; ; (ii) for the definition of CP, substitute— CP is the total amount of generation party payments which the CFD counterparty has received from CFD parties in respect of— electricity generation which occurred on that day, electricity generation capacity which was made available on that day, transport and storage capital costs or operational costs which arose on that day, carbon dioxide capture which occurred on that day, carbon dioxide capture capability which was made available on that day, transport and storage revenue shortfalls which arose on that day, except for any payments which, at the time of the final reconciliation determination in respect of that quarterly obligation period, had not been determined by the CFD counterparty; ; (b) in paragraph (2)— (i) for the definition of “generation counterparty payment”, substitute— “generation counterparty payment” means any CFD counterparty payment made under, or in respect of a breach of, a CFD or connected agreement which is calculated directly by reference to— an amount of electricity generated by a generating station which is the subject of that CFD or connected agreement, an amount of electricity generation capacity made available by a generating station which is the subject of that CFD or connected agreement, the capital costs or the operational costs incurred by a transport and storage provider and is payable under the CFD or connected agreement to the generating station which is the subject of that CFD or connected agreement, an amount of carbon dioxide captured by a generating station which is the subject of that CFD or connected agreement, an amount of carbon dioxide capture capability made available by a generating station which is the subject of that CFD or connected agreement, the revenue shortfalls of a transport and storage provider and is payable under the CFD or connected agreement to the generating station which is the subject of that CFD or connected agreement; ; (ii) for the definition of “generation party payment”, substitute— “generation party payment” means any CFD party payment made under a CFD or connected agreement which is calculated directly by reference to— an amount of electricity generated by a generating station which is the subject of that CFD or connected agreement, an amount of electricity generation capacity made available by a generating station which is the subject of that CFD or connected agreement, the capital costs or the operational costs incurred by a transport and storage provider and is payable under the CFD or connected agreement to a generating station which is the subject of that CFD or connected agreement, an amount of carbon dioxide captured by a generating station which is the subject of that CFD or connected agreement, an amount of carbon dioxide capture capability made available by a generating station which is the subject of that CFD or connected agreement, the revenue shortfalls of a transport and storage provider and is payable under the CFD or connected agreement to the generating station which is the subject of that CFD or connected agreement; .
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
How this law is officially changed
Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.