The Electricity Supplier Payments (Amendment) Regulations 2021

• Citation: S.I. 2021/235
• Sections: 3

Section 1 Citation and commencement

(1) These Regulations may be cited as the Electricity Supplier Payments (Amendment) Regulations 2021.

(2) These Regulations come into force on the day after the day on which these Regulations are made, except for regulation 2 which comes into force on 1st April 2021.

Section 2 Amendment to the Contracts for Difference (Electricity Supplier Obligations) Regulations 2014

In paragraph (7)(a) of regulation 23 of the Contracts for Difference (Electricity Supplier Obligations) Regulations 2014 —

(a) omit paragraphs (i) and (ii);

(b) renumber paragraph (iii) as paragraph (i);

(c) in paragraph (i) as so renumbered, omit “or during any subsequent operational cost period; and”; and

(d) after paragraph (i) as so renumbered, insert—

(ii) £0.0760 per megawatt hour for any day during the operational cost period that begins on 1st April 2021 or during any subsequent operational cost period; and

Section 3 Amendments to the Electricity Capacity (Supplier Payment etc.) Regulations 2014

(1) In paragraph (2) of regulation 9 of the Electricity Capacity (Supplier Payment etc.) Regulations 2014 (“the Supplier Payment Regulations”), for “as follows—” and sub-paragraphs (a), (b) and (c), substitute “£7,472,000 where year Y is the relevant financial year commencing in 2021 or any subsequent financial year.”.

(2) Paragraph (1) does not apply in respect of any financial year commencing before 2021.

(3) In paragraph (2) “financial year” has the same meaning as in regulation 2(1) of the Supplier Payment Regulations.