The Electricity Capacity Regulations 2014
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Change 1
49 Reducing capacity payments: unpaid capacity provider penalty charges
(1) This regulation applies if, at the time when a credit note is issued to a capacity provider (“C”) for a capacity payment, C is in default in respect of a capacity provider penalty charge (an “unpaid penalty charge”). (2) If this regulation applies— (a) the Settlement Body must ensure that the credit otherwise payable to C is reduced— (i) by the amount of the unpaid penalty charge; (ii) to nil, if the amount of the unpaid penalty charge is equal to or greater than the amount of the credit; and (b) the amount by which the credit is reduced is to be treated as a payment or part payment of the unpaid penalty charge. (3) The Settlement Body must ensure that the credit note issued to C states the amount by which the credit is reduced, and the reason for the reduction.
49 Reducing capacity payments: unpaid capacity provider penalty charges
(1) This regulation applies if, at the time when a credit note is issued to a capacity provider (“C”) for a capacity payment, C is in default in respect of a capacity provider penalty charge (an “unpaid penalty charge”). (2) If this regulation applies— (a) the Settlement Body must ensure that the credit otherwise payable to C is reduced— (i) by the amount of the unpaid penalty charge; (ii) to nil, if the amount of the unpaid penalty charge is equal to or greater than the amount of the credit; and (b) the amount by which the credit is reduced is to be treated as a payment or part payment of the unpaid penalty charge. (3) The Settlement Body must ensure that the credit note issued to C states the amount by which the credit is reduced, and the reason for the reduction.
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