The Contracts for Difference (Allocation) Regulations 2014
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Change 1
10B Estimated budget notices
(1) This regulation applies where the Secretary of State makes a direction under regulation 54 (allocation reports) to the delivery body to make available details of the matters specified in regulation 54(2)(e) but the delivery body cannot provide the details without an estimated budget notice. (2) The Secretary of State must by notice (“an estimated budget notice”) specify as many of the following as the delivery body needs to make available the details referred to in paragraph (1)— (a) an estimated budget which is available for each delivery year applicable to an allocation round either for— (i) the whole allocation round, or (ii) a description of applications specified in any pot notice in respect of the allocation round; (b) budgets which are reserved for descriptions of applications specified in the estimated budget notice (“estimated minima”); (c) maximum budgets which apply to descriptions of applications specified in the estimated budget notice (“estimated maxima”). (3) Where estimated maxima or estimated minima are specified, they may be expressed as— (a) a sum of money; (b) an amount of capacity of electricity generation; or (c) a combination of (a) and (b). (4) Where any budget referred to in paragraph (2) is expressed as an amount of capacity of electricity generation, the Secretary of State may specify in the estimated budget notice that a soft constraint applies to that amount, and in such a case, the amount of capacity of electricity generation may be exceeded, but only in accordance with the provisions of the contract allocation framework that applies to that allocation round. (5) The estimated budget notice must— (a) be given to the delivery body as soon as practicable; and (b) identify the allocation round to which it applies.
10B Estimated budget notices
(1) This regulation applies where the Secretary of State makes a direction under regulation 54 (allocation reports) to the delivery body to make available details of the matters specified in regulation 54(2)(e) but the delivery body cannot provide the details without an estimated budget notice. (2) The Secretary of State must by notice (“an estimated budget notice”) specify as many of the following as the delivery body needs to make available the details referred to in paragraph (1)— (a) an estimated budget which is available for each delivery year applicable to an allocation round either for— (i) the whole allocation round, or (ii) a description of applications specified in any pot notice in respect of the allocation round; (b) budgets which are reserved for descriptions of applications specified in the estimated budget notice (“estimated minima”); (c) maximum budgets which apply to descriptions of applications specified in the estimated budget notice (“estimated maxima”). (3) Where estimated maxima or estimated minima are specified, they may be expressed as— (a) a sum of money; (b) an amount of capacity of electricity generation; or (c) a combination of (a) and (b). (4) Where any budget referred to in paragraph (2) is expressed as an amount of capacity of electricity generation, the Secretary of State may specify in the estimated budget notice that a soft constraint applies to that amount, and in such a case, the amount of capacity of electricity generation may be exceeded, but only in accordance with the provisions of the contract allocation framework that applies to that allocation round. (5) The estimated budget notice must— (a) be given to the delivery body as soon as practicable; and (b) identify the allocation round to which it applies.
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