The Electricity Capacity Regulations 2014
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
43A Non-completion fee
(1) A capacity provider in respect of a new build interconnector CMU must pay to the Settlement Body a fee (a “non-completion fee”) by way of a financial penalty if, in circumstances specified for the purposes of this regulation by capacity market rules, the capacity provider fails to meet the completion requirements of the capacity agreement. (2) For the purposes of paragraph (1)— “completion requirements” are requirements to reach a level of operational capability specified in capacity market rules by the end of a delivery year; “new build interconnector CMU” means a prospective interconnector CMU which has not been commissioned. (3) The Settlement Body must, as soon as reasonably practicable after receiving notice in accordance with capacity market rules of the imposition of a non-completion fee— (a) determine the amount in pounds of the non-completion fee that is payable; and (b) issue to the capacity provider an invoice for that amount. (4) Paragraphs (3) to (5) of regulation 43 apply to the determination of the amount of a non-completion fee as they apply to the determination of the amount of a termination fee. (5) For the purposes of this regulation, references in regulation 32(1)— (a) to a “termination fee” are to be construed as references to a non-completion fee; and (b) to termination on a ground specified in capacity market rules are to be construed as references to a failure to meet completion requirements in circumstances so specified. (6) Regulation 33 applies (except for paragraphs (2)(b), (3) and (5)(b)) to a non-completion notice as it applies to a termination notice, and for that purpose, a reference in regulation 33 to— (a) a “termination fee” is to be construed as a reference to a non-completion fee; and (b) a “termination notice” is to be construed as a reference to a non-completion notice.
43A Non-completion fee
(1) A capacity provider in respect of a new build interconnector CMU must pay to the Settlement Body a fee (a “non-completion fee”) by way of a financial penalty if, in circumstances specified for the purposes of this regulation by capacity market rules, the capacity provider fails to meet the completion requirements of the capacity agreement. (2) For the purposes of paragraph (1)— “completion requirements” are requirements to reach a level of operational capability specified in capacity market rules by the end of a delivery year; “new build interconnector CMU” means a prospective interconnector CMU which has not been commissioned. (3) The Settlement Body must, as soon as reasonably practicable after receiving notice in accordance with capacity market rules of the imposition of a non-completion fee— (a) determine the amount in pounds of the non-completion fee that is payable; and (b) issue to the capacity provider an invoice for that amount. (4) Paragraphs (3) to (5) of regulation 43 apply to the determination of the amount of a non-completion fee as they apply to the determination of the amount of a termination fee. (5) For the purposes of this regulation, references in regulation 32(1)— (a) to a “termination fee” are to be construed as references to a non-completion fee; and (b) to termination on a ground specified in capacity market rules are to be construed as references to a failure to meet completion requirements in circumstances so specified. (6) Regulation 33 applies (except for paragraphs (2)(b), (3) and (5)(b)) to a non-completion notice as it applies to a termination notice, and for that purpose, a reference in regulation 33 to— (a) a “termination fee” is to be construed as a reference to a non-completion fee; and (b) a “termination notice” is to be construed as a reference to a non-completion notice.
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.