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The Electricity Capacity Regulations 2014

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Change 1

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As published

42 Over-delivery payments

(1) A person (“P”) is entitled to receive from the Settlement Body an over-delivery payment in respect of a delivery year (“year X”) if— (a) any capacity committed CMU (“CMU i”) for which P was the capacity provider over-delivered in any relevant settlement period in year X; or (b) P has made a qualifying delivery in any such settlement period. (2) For the purposes of this regulation— (a) CMU i over-delivers in a relevant settlement period j if AEij is greater than ALFCOij in that settlement period; (b) P makes a qualifying delivery in a relevant settlement period j if— (i) P was a qualified person (but not a capacity provider) in respect of a CMU (“CMU i”) during that period, and (ii) in that period, AEij is greater than zero; (c) a “qualified person” is a person who— (i) has registered with the delivery body under capacity market rules in respect of a CMU for the purpose of participating in volume reallocation, and (ii) is an “acceptable transferee” within the meaning of capacity market rules; and (d) “volume reallocation” has the meaning given in regulation 39(5). (3) The Settlement Body must, by not later than the 28th working day after the end of year X— (a) determine the amount, if any, of the payments payable to each person under this regulation in respect of year X; and (b) issue to each person who is entitled to such a payment a credit note for the amount determined for it. (4) The amount payable to P under paragraph (3)(a) is the sum of— (a) TODPix, as calculated in accordance with paragraph 7 of Schedule 1, for each CMU— (i) for which P was registered on the capacity market register as the capacity provider for the whole of year X, or (ii) in respect of which P was a qualified person for the whole of year X; and (b) P’s proportion of TODPix, as calculated in accordance with paragraphs 7 and 8 of Schedule 1, for each CMU— (i) for which P was registered on the capacity market register as the capacity provider for part of year X, or (ii) in respect of which P was a qualified person for part of year X.

Your change, as a redline

42 Over-delivery payments

(1) A person (“P”) is entitled to receive from the Settlement Body an over-delivery payment in respect of a delivery year (“year X”) if— (a) any capacity committed CMU (“CMU i”) for which P was the capacity provider over-delivered in any relevant settlement period in year X; or (b) P has made a qualifying delivery in any such settlement period. (2) For the purposes of this regulation— (a) CMU i over-delivers in a relevant settlement period j if AEij is greater than ALFCOij in that settlement period; (b) P makes a qualifying delivery in a relevant settlement period j if— (i) P was a qualified person (but not a capacity provider) in respect of a CMU (“CMU i”) during that period, and (ii) in that period, AEij is greater than zero; (c) a “qualified person” is a person who— (i) has registered with the delivery body under capacity market rules in respect of a CMU for the purpose of participating in volume reallocation, and (ii) is an “acceptable transferee” within the meaning of capacity market rules; and (d) “volume reallocation” has the meaning given in regulation 39(5). (3) The Settlement Body must, by not later than the 28th working day after the end of year X— (a) determine the amount, if any, of the payments payable to each person under this regulation in respect of year X; and (b) issue to each person who is entitled to such a payment a credit note for the amount determined for it. (4) The amount payable to P under paragraph (3)(a) is the sum of— (a) TODPix, as calculated in accordance with paragraph 7 of Schedule 1, for each CMU— (i) for which P was registered on the capacity market register as the capacity provider for the whole of year X, or (ii) in respect of which P was a qualified person for the whole of year X; and (b) P’s proportion of TODPix, as calculated in accordance with paragraphs 7 and 8 of Schedule 1, for each CMU— (i) for which P was registered on the capacity market register as the capacity provider for part of year X, or (ii) in respect of which P was a qualified person for part of year X.

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