- a CFD
means a contract for difference under Chapter 2 of Part 2 of the Act or an investment contract under Schedule 2 to the Act;
- administrative parties
means— (a) the Secretary of State;
- allocation round
means an allocation round established by the Secretary of State under regulation 4 of the Contracts for Difference (Allocation) Regulations 2014;
- allocation round CFD
means a CFD offered under section 14(1) of the Act (CFD notification: offer to contract on standard terms) and regulation 10(1) of the Contracts for Difference (Standard Terms) Regulations 2014 (offer to contract) following an allocation round;
- applicant
means a person who, in accordance with capacity market rules, has submitted or is entitled to submit an application for prequalification to bid in a capacity auction in respect of a CMU;
- applicant credit cover
means credit cover provided, or required to be provided, by a person to which this Part applies;
- auction clearing price
means, in relation to a capacity auction, the price per MW which, subject to any provision for adjustment of capacity payments for inflation, is determined by the capacity auction to be the price at which capacity payments are payable in respect of capacity committed CMUs awarded a capacity obligation in that capacity auction;
- auction guidelines
has the meaning given in regulation 21;
- auction parameters
has the meaning given in regulation 11;
- auction results day
means the date on which the auction results are published under regulation 25(1)(c).
- auction target capacity
has the meaning given in regulation 11(3).
- auction window
means a period in which a capacity auction is to be held, being... a period starting on 1st September and ending on the following 31st July;
- auctioneer
has the meaning given in regulation 24(2);
- automatic low frequency demand disconnection
has the meaning given in the Grid Code as it was in force on 1st April 2014 (see section OC6.6 of that code).
- auxiliary load
means, in relation to a generating CMU or a generating unit, the total amount of electricity used by that unit for purposes directly related to its operation (including for fuel handling, fuel preparation, maintenance and the pumping of water), whether or not that electricity is generated by the unit or used while the unit is generating electricity;
- Bank of England base rate
means—
- base period
means a period starting on 1st October and ending on the following 30th April, to be used in calculating capacity payments for the purpose of adjusting for inflation the capacity cleared price applying to a capacity committed CMU, where paragraph 3 of Schedule 1 provides for such an adjustment to be made;
- bidder
means a person bidding in a capacity auction for a capacity obligation in respect of a CMU;
- bidding round
means a round of bidding in a capacity auction;
- boundary point
means any point at which any plant or apparatus not forming part of the total system is connected to the total system;
- capacity
means an amount of electrical generating capacity, interconnected capacity or DSR capacity, expressed in MW unless specified otherwise;
- capacity agreement
has the meaning given in regulation 30(1);
- capacity agreement notice
means a notice issued by the Delivery Body to a capacity provider under capacity market rules, containing data about a capacity agreement;
- capacity auction
means an auction under Part 4;
- capacity cleared price
has the meaning given in regulation 30(3) and (4);
- capacity market functions
means functions conferred by or by virtue of Chapter 3 of Part 2 of the Act;
- capacity market notice
has the meaning given in the Rules;
- capacity market register
means the register maintained by the Delivery Body in accordance with regulation 31;
- capacity market supplier charges
means charges which electricity suppliers are required to pay under electricity capacity regulations to meet the cost of funding capacity payments.
- capacity market volume reallocation notifications
has the meaning given in the Rules;
- capacity obligation
means an obligation awarded pursuant to a capacity auction, applying for one or more delivery years, to provide a determined amount of capacity when required to do so in accordance with capacity market rules (and, unless the context otherwise requires, includes a part of a capacity obligation);
- capacity payment
means a payment to a capacity provider under these Regulations for its commitment to meet a capacity obligation during a delivery year;
- capacity provider
means the holder of— (a) a capacity agreement, or (b) a transferred part;
- capacity provider penalty charge
means an amount payable by a capacity provider under regulation 41;
- capacity year
means a period of one year starting on 1st October and ending on the following 30th September;
- carbon capture and storage technology
has the meaning given in section 7(3) of the Energy Act 2010;
- CMU
means— (a) a generating CMU;...
- CO
means the capacity obligation in MW for which the capacity agreement was issued, as specified in the capacity market register;
- co-firing CMU
means a generating CMU consisting of one or more generating units which have, in any month after March 2013, generated electricity in the way described in Schedule 2 to the ROO as “co-firing of regular bioliquid”, “low-range co-firing”, “mid-range co-firing”, “high-range co-firing” or “unit conversion”;
- complete CCS system
has the meaning given in regulation 2(1) of the Contracts for Difference (Definition of Eligible Generator) Regulations 2014;
- contractual DSR control
means, in respect of any delivery year, having the right (whether by ownership or pursuant to contract notwithstanding that terms and conditions may apply to its exercise) exclusively to control all or part of the metered volume of any demand side response CMU component to provide demand side response when required to do so in that delivery year.
- CPI
means the UK Consumer Prices Index (All Items) published monthly by the Office for National Statistics or, if such index ceases to be published, such other index as may replace it;
- credit cover
has the meaning given in regulation 53;
- credit obligation period
means the period for which, under regulation 60, A is required to provide credit cover;
- cure plan
means proposals by the capacity provider demonstrating how it will comply with the specified requirement;
- customer
means a person to whom electrical power is provided (whether or not that is the same person as the person who provides the electrical power);
- data default notice
has the meaning given in regulation 37(1);
- DC
means CMU i’s de-rated capacity;
- de-rated capacity
has the meaning given in the Rules;
- de-rating factor
has the meaning given in the Rules;
- dedicated portal
means a facility on a person's website which is established to allow electronic communication with that person;
- Delivery Body
means— (a) subject to paragraph (b), the national system operator;
- delivery body reviewable decision
means a decision by the Delivery Body under capacity market rules of a kind specified in the first column of the following table.
- delivery period
means the delivery year or period of delivery years for which a capacity obligation would be awarded in respect of a CMU (“CMU i”) if a bid in respect of CMU i were accepted at the capacity auction for which the applicant is applying for prequalification.
- demand side response
means the activity of reducing the metered volume of imported electricity of one or more customers below a baseline, by a means other than a permanent reduction in electricity use;
- demand side response CMU
has the meaning given in regulation 5;
- demand side response CMU component
means— (a) a DSR customer's consumption of electricity as measured by a single half hourly meter;
- direct award CFD
means a CFD offered by the CFD counterparty following a direction given by the Secretary of State under section 10(1) of the Act (direction to offer to contract);
- disputing party
means, as appropriate, a supplier or a capacity provider.
- distribution CMU
means a generating CMU consisting of one or more generating units which export electricity to a distribution network;
- distribution connection agreement
has the meaning given in the Rules;
- distribution network
means a distribution network in Great Britain operated under a licence granted pursuant to section 6(1)(c) of EA 1989;
- distribution network operator
means a person who operates a distribution network;
- Dm
means the total number of days in month M.
- DP
means the number of days in the period for which AC was calculated;
- draw down
means— (a) in relation to a cash deposit in a bank account, the withdrawal of funds from the account by the Settlement Body;
- electricity capacity report
means a report by the Delivery Body under regulation 7;
- electricity interconnector
has the meaning given in section 4(3E) of EA 1989;
- electricity supplier
has the meaning given in regulation 3(2);
- emergency action
means—
- existing generating unit
means a generating unit that has been commissioned;
- existing interconnector
means an electricity interconnector that has been commissioned;
- export
means the flow of electricity from a generating unit on to a distribution network or the GB transmission system, or to an on-site consumer;
- extended performance
has the meaning given in the Rules;
- final notice of termination
means a notice given by the Delivery Body in accordance with capacity market rules that the capacity agreement has terminated;
- financial commitment milestone
has the meaning given in the Rules;
- Fy
(for any value y) means the percentage stated on the capacity market register under regulation 31(2)(f), at the date of issue of the capacity agreement, as the monthly penalty cap percentage for the capacity obligation COyx awarded in respect of CMU y for year X;
- general eligibility criteria
means the criteria in regulation 15;
- generating CMU
has the meaning given in regulation 4;
- generating station
has the meaning given in regulation 2(1) of the Contracts for Difference (Definition of Eligible Generator) Regulations 2014;
- generating technology class
has the meaning given in the Rules;
- generating unit
means any equipment in which electrical conductors are used or supported or of which they form part which produces electricity, including such equipment which produces electricity from storage;
- generation counterparty payment
has the meaning given in regulation 4(2) of the Contracts for Difference (Electricity Supplier Obligations) Regulations 2014;
- generation party payment
has the meaning given in regulation 4(2) of the Contracts for Difference (Electricity Supplier Obligations) Regulations 2014;
- group of companies
means a company and all the subsidiaries of that company within the meaning of section 1159 of the Companies Act 2006;
- Gy
(for any value y) means the percentage stated on the capacity market register under regulation 31(2)(f), at the date of issue of the capacity agreement, as the annual penalty cap percentage for the capacity obligation COyx awarded in respect of CMU y for year X;
- half hourly meter
means a meter which measures import or export of electricity (or, in the case of an electricity interconnector, measures net output)— (a) on a half hourly basis;
- hydro generating unit
means a generating unit driven by water, other than one driven by tidal flows, waves, ocean currents or geothermal sources;
- import
means the flow of electricity from a distribution network or the GB transmission system or a permitted on-site generating unit to any building, facility, installation, plant or equipment which consumes electricity;
- in default
means a failure to pay in full an invoiced amount by the end of the payment due date;
- industry code
means— (a) the Balancing and Settlement Code;
- installation
means— (a) a generating unit;
- interconnected capacity
means electricity provided to the GB transmission system through an electricity interconnector;
- interconnector CMU
has the meaning given in regulation 5A;
- invoiced amount
means the total amount payable by a payer as stated in the invoice issued to that payer under regulation 41, 43... or 49A;
- letter of credit
means a letter, in a form approved by the Settlement Body, which contains an irrevocable and unconditional authorisation in favour of the Settlement Body to be paid on demand up to an amount stated in the letter from an account held at a qualifying bank at any time during a period specified in the letter;
- licence
means a licence under section 6 of EA 1989.
- low carbon exclusion
means— (a) an accreditation under— (i) the FIT Order;
- low emissions determination
has the meaning given in the Rules;
- metered volume
means, for a CMU, a generating unit or a demand side response CMU component and a settlement period, the net aggregate volume of active energy, measured by one or more meters, which flowed in that settlement period to or from that CMU, unit or component;
- MPAN
means a meter point administration number;
- multi-year capacity obligation
means a capacity obligation for a period of more than one delivery year;
- MW
means megawatts;
- new build CMU
has the meaning given in the Rules;
- new build interconnector CMU
means a prospective interconnector CMU which has not been commissioned.
- nominated CCS CFD related termination date
means, in respect of a CMU described in a CCS CFD transfer notice, a date which is— (a) before the date which the capacity provider expects to be the CCS CFD payment start date under a CCS CFD which the capacity provider proposes to enter or has entered into in respect of the CMU;
- non-BSC data
means data provided by or on behalf of a capacity provider which is not provided under the Balancing and Settlement Code, irrespective of whether the capacity provider is a party to the Balancing and Settlement Code.
- non-CMRS distribution unit
means a generating unit which exports electricity to a distribution network, which is not a CMRS distribution unit;
- non-material error or omission
means an error or omission in an application for prequalification or a CCS CFD transfer notice which is— (a) manifest, and either inadvertent or the result of an honest mistake;
- non-support confirmation
means a declaration in writing to the Delivery Body from an applicant— (a) that the period for which relevant support may be paid or issued under the FIT Order, the RHI Regulations or the ROO in respect of CMU i will have expired before the start of the delivery period;...
- notice of drawing
means a notice signed by or on behalf of the Settlement Body demanding payment under a letter of credit;
- on-site consumer
means a building, facility, installation, plant or equipment which— (a) is on the same site, or connected to a distribution network at the same point of connection, as a generating unit;
- on-site supply
means the supply of electricity by a generating unit to an on-site consumer;
- opt-out notification
has the meaning given in the Rules.
- outstanding relevant benefit
means relevant benefit that has not been deducted from capacity payments pursuant to this regulation;
- outstanding relevant expenditure
means relevant expenditure that has not been deducted from capacity payments pursuant to this regulation;
- payer
means a person to whom an invoice is issued under these Regulations or the Supplier Payment Regulations.
- payment due date
means the day specified in an invoice in accordance with regulation 38(2) as the date by which it is to be paid.
- PC
means CMU i’s proven DSR capacity;
- permitted on-site generating unit
means a generating unit which— (a) is primarily used to provide on-site supply;
- prequalification
means the process set out in the Rules for determining whether an applicant is eligible to bid in a capacity auction in respect of a CMU;
- prequalification decision
means a decision by the Delivery Body under the Rules as to whether a CMU has prequalified for a capacity auction;
- prequalification window
means the period specified in auction guidelines before a capacity auction during which a person wishing to apply for prequalification for the capacity auction in respect of a CMU must make an application to the Delivery Body;
- price cap
means, in respect of a capacity auction, the price to be used by the auctioneer in the first bidding round of the capacity auction;
- price decrement
means the amount by which the bidding price is to be decreased from one bidding round of a capacity auction to the next.
- price-taker
means a prequalified CMU other than one which has, in accordance with capacity market rules, been registered as a price-maker on the capacity market register;
- private wires
means electric lines connected to a generating station which are owned by— (a) the generator;
- proper address
means in the case of— (a) a body corporate, the registered office (if it is in the United Kingdom) or the principal office of that body in the United Kingdom;
- prospective generating CMU
means, subject to regulation 53(4), a generating CMU which consists of one or more prospective generating units;
- prospective generating unit
has the meaning given in regulation 4;
- prospective interconnector
means an electricity interconnector or proposed electricity interconnector that— (a) has not been commissioned;
- prospective interconnector CMU
means an interconnector CMU within regulation 5A(1)(b);
- protected items
means—
- proven demand side response CMU
means a demand side response CMU in respect of which a DSR test has been carried out;
- proven DSR capacity
has the meaning given in the Rules;
- providing electricity
means providing any metered electrical output by a generating unit or through an electricity interconnector, and includes, in particular, providing such output by a generating unit which forms part of a storage facility;
- qualified person
has the meaning given in regulation 42(2);
- qualifying bank
means— (a) a United Kingdom clearing bank;
- RA
means the required amount for CMU i as calculated under regulation 59;
- reducing demand for electricity
means—
- reduction notice
has the meaning given in the Rules.
- registered trading unit
means a trading unit, other than a base trading unit or sole trading unit, registered in accordance with the Balancing and Settlement Code;
- relevant benefit
has the meaning given in the Rules. • “relevant expenditure” has the meaning given in the Rules.
- relevant capacity auction
means the capacity auction in which COyx was awarded;
- relevant CMU
means a capacity committed CMU in respect of which AEij is less than ALFCOij in one or more relevant settlement periods in month M.
- relevant date
means the date on which, in accordance with capacity market rules—
- relevant expenditure
has the meaning given in the Rules.
- relevant grant
means a grant— (a) under a relevant scheme;
- relevant month
means May, June, July, August or September in year X;
- relevant scheme
means a scheme of financial assistance provided under— (a) NER 300;
- relevant settlement period
means a settlement period in respect of which— (a) there is a system stress event;
- relevant support
means— (a) a FIT payment within the meaning referred to in the FIT Order;
- relevant termination notice
has the meaning given in regulation 51(1)(aa).
- reliability standard
has the meaning given in regulation 6;
- required data
means data which is required to be provided to the Settlement Body under capacity market rules.
- ROC
has the same meaning as it has in the ROO;
- ROO
means— (a) in relation to England and Wales, the Renewables Obligation Order 2009;
- satisfactory performance day
has the meaning given in the Rules;
- satisfactory performance requirement
means a requirement in capacity market rules for a capacity provider to demonstrate satisfactory performance days or extend performance during a satisfactory performance day in respect of a capacity committed CMU.
- Settlement Body
means the person appointed to that position under regulation 80;
- settlement period
means a period of 30 minutes beginning on an hour or half-hour;
- settlement period penalty
means a penalty calculated under paragraph 5 of Schedule 1.
- specified requirement
means a requirement in the Rules, the noncompliance with which is specified in the reduction notice;
- station conversion
has the same meaning as it has in the ROO;
- storage facility
means a facility which consists of— (a) a means of converting imported electricity into a form of energy which can be stored, and of storing the energy which has been so converted;
- subsequent T-4 auction
means the T-4 auction for the delivery year commencing on 1st October 2023.
- successful bid
means a bid that, subject to regulation 27, results in the award of a capacity obligation to the bidder.
- system stress event
has the meaning given in the Rules;
- tACPN
has the meaning given in paragraph 3(3A)
- termination fee
means a fee payable by a capacity provider under regulation 43 where a capacity agreement or transferred part is terminated;
- the 95% confidence interval
means the range of values within which the target capacity for a capacity year may be expected to lie with a 0.95 level of probability;
- the Act
means the Energy Act 2013;
- the auction results
means—
- the auctioneer
means—
- the Balancing and Settlement Code
means the code for governance of electricity balancing and settlement in Great Britain which is maintained in accordance with the conditions of licences granted under section 6(1) of the Electricity Act 1989;
- the calculation period
means the period of 3 years ending on the last day of the month preceding the month in which WFmx is calculated.
- the capacity auction
means the capacity auction in relation to which applicant credit cover has been provided in respect of CMU i.
- the capacity market
means the scheme established by these Regulations and capacity market rules;
- the Connection and Use of System Code
means the code with that name for governance of connection to, and use of, the GB transmission system which is maintained in accordance with the conditions of licences granted under section 6(1) of EA 1989;
- the court
has the meaning given in regulation 72(2);
- the delivery period
means the delivery year or the period of delivery years for which A imposes a capacity obligation;
- the FIT Order
means the Feed-in Tariffs Order 2012;
- the Grid Code
means the code with that name specifying technical requirements for connection to, and use of, the GB transmission system which is maintained in accordance with the conditions of licences granted under section 6(1) of EA 1989;
- the offshore area
means the areas comprising— (a) the sea adjacent to Great Britain from the low water mark to the landward baseline of the United Kingdom territorial sea;
- the reliability standard
means the cumulative duration of periods in a capacity year in which it is to be presumed— that, on average over the long term, loss of load should occur.
- the required amount
means the amount of credit cover which A is required to provide, as determined in accordance with regulation 59(1), (4) or (5A) or, if applicable, regulation 60(2).
- the RHI Regulations
means the Renewable Heat Incentive Scheme Regulations 2011;
- the Rules
means the Capacity Market Rules 2014;
- the Supplier Payment Regulations
means the Electricity Capacity (Supplier Payment etc.) Regulations 2014;
- the T-1 auction set aside
has the meaning given in regulation 12(2A)(b).
- total system
means the GB transmission system and each distribution network;
- transferred part
has the meaning given in regulation 30A(3);
- transmission system
has the same meaning as in EA 1989);
- transmission unit
means a generating unit which exports electricity to the GB transmission system.
- unit conversion
has the same meaning as it has in the ROO.
- unproven demand side response CMU
means a demand side response CMU other than a proven demand side response CMU;
- unproven DSR capacity
has the meaning given in the Rules;
- volume
means a volume of electrical generating capacity or DSR capacity in a time period, expressed in MWh;
- volume reallocation
means the procedure in capacity market rules by which part of the net output of a...
- volume reallocation window
means the period during which persons qualified to do so (within the meaning given in regulation 42(2)(c)) may submit capacity market volume reallocation notifications under capacity market rules.