The Electricity Capacity (Supplier Payment etc.) Regulations 2014
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Change 1
26 Application of Principal Regulations and interpretation
(1) Chapter 1 of Part 7 of the Principal Regulations (credit cover: general) applies in relation to the provision of supplier credit cover under this Part, except that— (a) in regulation 53(3)— (i) the definition of “credit obligation period” has effect as if the words “, under regulation 60,” were omitted; (ii) the definition of “the required amount” has effect as if, for the words “in accordance with regulations 59(1), (4) or (5A) or, if applicable, regulation 60(2)”, there was substituted “in accordance with Part 6 of the Supplier Payment Regulations”; (b) regulations 55(3) and 56(2) do not apply; and (c) regulation 58(1)(a) applies as if the words “, under regulation 60,” were omitted. (2) In this Part— “month M” means a month of a delivery year; and “S” means an electricity supplier who is required to provide supplier credit cover.
26 Application of Principal Regulations and interpretation
(1) Chapter 1 of Part 7 of the Principal Regulations (credit cover: general) applies in relation to the provision of supplier credit cover under this Part, except that— (a) in regulation 53(3)— (i) the definition of “credit obligation period” has effect as if the words “, under regulation 60,” were omitted; (ii) the definition of “the required amount” has effect as if, for the words “in accordance with regulations 59(1), (4) or (5A) or, if applicable, regulation 60(2)”, there was substituted “in accordance with Part 6 of the Supplier Payment Regulations”; (b) regulations 55(3) and 56(2) do not apply; and (c) regulation 58(1)(a) applies as if the words “, under regulation 60,” were omitted. (2) In this Part— “month M” means a month of a delivery year; and “S” means an electricity supplier who is required to provide supplier credit cover.
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