The Contracts for Difference (Electricity Supplier Obligations) (Amendment) Regulations 2024
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Change 1
5 Amendment to regulation 7 (estimated cost, income & electricity supply)
In regulation 7— (a) for paragraph (2), substitute— (2) The matters referred to in paragraph (1) are— (a) the strike prices which, in the opinion of the CFD counterparty, will apply to CFDs during the rate period; (b) the availability payments related to the amount of low carbon electricity generation capacity availability which, in the opinion of the CFD counterparty, will apply to CFDs during the rate period; (c) the CFD counterparty’s estimate of— (i) where payments under a CFD may become due in relation to the generation of electricity in a settlement hour or a settlement period by a CFD generating station, the amount of electricity generated by each such CFD generating station in each settlement hour or settlement period during the rate period; (ii) where payments under a CFD may become due in relation to the generation capacity made available in a settlement hour or a settlement period by a CFD generating station, the amount of generation capacity made available by each such CFD generating station in each settlement hour or settlement period during the rate period; (iii) where payments under a CFD may become due in relation to the capital costs or the operational costs of a transport and storage provider in a settlement hour or a settlement period, the amount of those capital costs or operational costs in each settlement hour or settlement period during the rate period; (iv) where payments under a CFD may become due in relation to the capture of carbon dioxide in a settlement hour or a settlement period by a generating station, the amount of carbon dioxide captured by each such generating station in each settlement hour or settlement period during the rate period; (v) where payments under a CFD may become due in relation to the carbon dioxide capture capability made available in a settlement hour or a settlement period by a generating station, the amount of carbon dioxide capture capability made available by each such generating station in each settlement hour or settlement period during the rate period; (vi) where payments under a CFD may become due in relation to the revenue shortfalls of a transport and storage provider in a settlement hour or a settlement period, the amount of those revenue shortfalls in each settlement hour or settlement period during the rate period; (vii) the market reference price which is to apply in relation to each settlement hour in respect of which a payment may become due during the rate period; (viii) the market reference price which is to apply in relation to each settlement period in respect of which a payment may become due during the rate period; ; (b) in paragraph (3), in sub-paragraph (a), omit “(a) and (b)(i) to (iv)”; (c) in paragraph (5)— (i) for the definition of “TCPR”, substitute— “TCPR” means the sum of all CP paid to the CFD counterparty during the rate period in respect of— electricity generation; electricity generation capacity made available; transport and storage capital costs or operational costs; carbon dioxide captured; carbon dioxide capture capability made available; transport and storage revenue shortfalls; ; (ii) for the definition of “TGPR”, substitute— “TGPR” means the sum of all GP required to be paid by the CFD counterparty during the rate period in respect of— electricity generation; electricity generation capacity made available; transport and storage capital costs or operational costs; carbon dioxide captured; carbon dioxide capture capability made available; transport and storage revenue shortfalls; .
5 Amendment to regulation 7 (estimated cost, income & electricity supply)
In regulation 7— (a) for paragraph (2), substitute— (2) The matters referred to in paragraph (1) are— (a) the strike prices which, in the opinion of the CFD counterparty, will apply to CFDs during the rate period; (b) the availability payments related to the amount of low carbon electricity generation capacity availability which, in the opinion of the CFD counterparty, will apply to CFDs during the rate period; (c) the CFD counterparty’s estimate of— (i) where payments under a CFD may become due in relation to the generation of electricity in a settlement hour or a settlement period by a CFD generating station, the amount of electricity generated by each such CFD generating station in each settlement hour or settlement period during the rate period; (ii) where payments under a CFD may become due in relation to the generation capacity made available in a settlement hour or a settlement period by a CFD generating station, the amount of generation capacity made available by each such CFD generating station in each settlement hour or settlement period during the rate period; (iii) where payments under a CFD may become due in relation to the capital costs or the operational costs of a transport and storage provider in a settlement hour or a settlement period, the amount of those capital costs or operational costs in each settlement hour or settlement period during the rate period; (iv) where payments under a CFD may become due in relation to the capture of carbon dioxide in a settlement hour or a settlement period by a generating station, the amount of carbon dioxide captured by each such generating station in each settlement hour or settlement period during the rate period; (v) where payments under a CFD may become due in relation to the carbon dioxide capture capability made available in a settlement hour or a settlement period by a generating station, the amount of carbon dioxide capture capability made available by each such generating station in each settlement hour or settlement period during the rate period; (vi) where payments under a CFD may become due in relation to the revenue shortfalls of a transport and storage provider in a settlement hour or a settlement period, the amount of those revenue shortfalls in each settlement hour or settlement period during the rate period; (vii) the market reference price which is to apply in relation to each settlement hour in respect of which a payment may become due during the rate period; (viii) the market reference price which is to apply in relation to each settlement period in respect of which a payment may become due during the rate period; ; (b) in paragraph (3), in sub-paragraph (a), omit “(a) and (b)(i) to (iv)”; (c) in paragraph (5)— (i) for the definition of “TCPR”, substitute— “TCPR” means the sum of all CP paid to the CFD counterparty during the rate period in respect of— electricity generation; electricity generation capacity made available; transport and storage capital costs or operational costs; carbon dioxide captured; carbon dioxide capture capability made available; transport and storage revenue shortfalls; ; (ii) for the definition of “TGPR”, substitute— “TGPR” means the sum of all GP required to be paid by the CFD counterparty during the rate period in respect of— electricity generation; electricity generation capacity made available; transport and storage capital costs or operational costs; carbon dioxide captured; carbon dioxide capture capability made available; transport and storage revenue shortfalls; .
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