The Electricity Capacity (Supplier Payment etc.) Regulations2014

means shares calculated under paragraph 3 of Schedule 1.

means a reconciliation run under regulation 21 in respect of payments relating to a delivery year;

means the amount of the capacity market supplier charge re-determined for S under paragraph (1)(a);

means—

has the meaning given by paragraph (2);

means the charge payable by electricity suppliers to the Settlement Body under regulation 6(1);

has the meaning given in regulation 53(3) of the Principal Regulations;

means the register maintained by the Settlement Body under regulation 30;

means an electricity supplier who is entitled to receive a payment from the Settlement Body;

has the meaning given in regulation 53(3) of the Principal Regulations;

means— (a) a person supplying electricity to premises in Great Britain under a supply licence;

means the supplier credit cover (if any) of S which applies at the time the draw down is made.

means a period of one year commencing with 1st April;

means the total amount payable by a payer as stated in an invoice issued to that payer under regulation 6, 9, 20 or 21;

means a month of a delivery year;

means the charge payable by electricity suppliers to the Settlement Body under regulation 6(3) or (4);

means a reconciliation run under regulation 20 in respect of payments relating to a month of a delivery year;

has the meaning given in regulation 7(6);

means an electricity supplier to whom an invoice is issued under regulation 6, 9, 20 or 21;

has the meaning given in regulation 8(1);

means 4 p.m. to 7 p.m. on any working day in November, December, January or February;

means the penalty residual supplier amount which S has received before the re-determination under paragraph (1) is made;

means the amount redetermined for S under paragraph (1)(b);

means a payment under Part 5;

means the process of recalculating and redetermining the amounts of payments due to or from electricity suppliers set out in Part 5;

means arrangements which are approved by the Settlement Body under paragraph (2) or (3)(a) of regulation 4 of the CM Excluded Electricity Regulations;

means a financial year commencing in 2015 or in any subsequent year;

means data which is required to be provided to the Settlement Body under these Regulations, the Principal Regulations or capacity market rules or is provided to the Settlement Body pursuant to the relevant arrangements.

means any costs incurred by the Settlement Body in connection with the performance of any function conferred on it by these Regulations, the Principal Regulations or capacity market rules, and includes the cost of payments made by the Settlement Body to any person who provides services to it in connection with the performance of its functions;

means the levy payable by electricity suppliers to the Settlement Body under regulation 9 to meet its settlement costs;

means credit cover provided, or required to be provided, by an electricity supplier under regulation 28;

means a licence granted or treated as granted under section 6(1)(d) of EA 1989.

means the Energy Act 2013;

means the Electricity Capacity Regulations 2014;

means November to February of the financial year preceding year Y.

means the Electricity Capacity (Supplier Payment etc.) Regulations 2014;”

means the total amount of monthly capacity market supplier charges paid by S in respect of year X before the redetermination under paragraph (1) is made, adjusted by adding the amounts of any reconciliation payments paid by S and subtracting the amounts of any reconciliation payments for which credit notes have been issued to S pursuant to monthly reconciliation runs for the months of year X.

means the delivery year in which month M falls.