The Electricity Supplier Payments (Amendment) Regulations 2022

• Citation: S.I. 2022/401
• Sections: 3

Section 1 Citation and commencement

(1) These Regulations may be cited as the Electricity Supplier Payments (Amendment) Regulations 2022.

(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 2022.

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 paragraph (i);

(b) renumber paragraph (ii) 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) 0.0879 per megawatt hour for any day during the operational cost period that begins on 1st April 2022;

(iii) 0.0994 per megawatt hour for any day during the operational cost period that begins on 1st April 2023;

(iv) 0.1089 per megawatt hour for any day during the operational cost period that begins on 1st April 2024 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 for “£7,472,000 where year Y is the relevant financial year commencing in 2021 or any subsequent financial year” substitute—

as follows—

(a) £6,954,000 where year Y is the relevant financial year commencing in 2022;

(b) £7,382,000 where year Y is the relevant financial year commencing in 2023;

(c) £7,734,000 where year Y is the relevant financial year commencing in 2024 or any subsequent financial year.

(2) Paragraph (1) does not apply in respect of any financial year commencing before 2022.

(3) In paragraph (2) “ financial year ” means a period of one year commencing with 1st April.