The Contracts for Difference (Electricity Supplier Obligations) 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
12 In period adjustments
(1) Where the CFD counterparty is of the opinion that there is a high degree of likelihood that it will be unable to make all payments it is required to make to CFD parties in respect of a quarterly obligation period it may, if it thinks it expedient to do so— (a) determine an adjusted interim levy rate in respect of that period in accordance with regulation 13; (b) determine an additional total reserve amount in respect of that period in accordance with regulation 14; (c) determine an adjusted interim levy rate and an additional total reserve amount in respect of that period. (2) The CFD counterparty must take such steps as it considers necessary to ensure that electricity suppliers are kept informed of the likelihood that it will be unable to make all payments it is required to make to CFD parties in respect of a quarterly obligation period. (3) Where the CFD counterparty is of the opinion that there is a high degree of likelihood that it will collect significantly more from suppliers under regulations 8(1) and 11(1) in respect of a quarterly obligation period than the amount it requires to be able to make all payments it is required to make to CFD parties in respect of that period it may, in accordance with regulation 13, determine an adjusted interim levy rate in respect of that period.
12 In period adjustments
(1) Where the CFD counterparty is of the opinion that there is a high degree of likelihood that it will be unable to make all payments it is required to make to CFD parties in respect of a quarterly obligation period it may, if it thinks it expedient to do so— (a) determine an adjusted interim levy rate in respect of that period in accordance with regulation 13; (b) determine an additional total reserve amount in respect of that period in accordance with regulation 14; (c) determine an adjusted interim levy rate and an additional total reserve amount in respect of that period. (2) The CFD counterparty must take such steps as it considers necessary to ensure that electricity suppliers are kept informed of the likelihood that it will be unable to make all payments it is required to make to CFD parties in respect of a quarterly obligation period. (3) Where the CFD counterparty is of the opinion that there is a high degree of likelihood that it will collect significantly more from suppliers under regulations 8(1) and 11(1) in respect of a quarterly obligation period than the amount it requires to be able to make all payments it is required to make to CFD parties in respect of that period it may, in accordance with regulation 13, determine an adjusted interim levy rate in respect of that period.
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.