The Electricity Capacity Regulations 2014

JurisdictionUK Non-devolved
CitationSI 2014/2043
Year2014
(1) These Regulations may be cited as the Electricity Capacity Regulations 2014.(2) These Regulations, apart from Part 11 (capacity market rules) and regulation 88 (repeal) , come into force on the day after the day on which they are made.(3) Part 11 comes into force on the day after the day on which the results of the first capacity auction held under Part 4, other than a DSR transitional auction, are published under regulation 25(1) (c) .(4) Regulation 88 comes into force on 1st January 2015.(1) In these Regulations—
  • the Act” means the Energy Act 2013;
  • EA 1989” means the Electricity Act 1989 ;
  • the Rules” means the Capacity Market Rules 2014 ;
  • “active energy” and “active power” have the meanings given in the Rules;
  • administrative parties” means—
    • (a) the Secretary of State;
    • (b) the Authority;
    • (c) the Delivery Body; and
    • (d) the Settlement Body;
  • “affected person” is to be interpreted in accordance with regulation 68(2) ;
  • annual penalty cap”, in relation to a capacity committed CMU and a delivery year, means the maximum amount of capacity provider penalty charges that the capacity provider may be liable to pay in respect of that CMU for that delivery year;
  • 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;
  • auction clearing price” means, in relation to a capacity auction, the price per MW which, subject to—
    • (a) sub-paragraphs (b) and (c) of regulation 30(4) ; and
    • (b) 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;
  • auctioneer” has the meaning given in regulation 24(2) ;
  • auction guidelines” has the meaning given in regulation 21;
  • auction parameters” has the meaning given in regulation 11;
  • auction window” means a period in which a capacity auction is to be held, being, subject to regulation 87(1) (a) , a period starting on 1st September and ending on the following 31st July;
  • 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;
  • 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 ;
  • 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;
  • capacity” means an amount of electrical generating 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 committed CMU”, in relation to a delivery year, means a CMU that is identified in the capacity market register as being subject to a capacity obligation for that delivery year;
  • the capacity market” means the scheme established by these Regulations and capacity market rules;
  • capacity market register” means the register maintained by the Delivery Body in accordance with regulation 31;
  • capacity market warning” 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;
  • 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 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;
  • a CFD” means a contract for difference under Chapter 2 of Part 2 of the Act;
  • CFD counterparty” means a person designated as such under section 7 of the Act;
  • CMU” means—
    • (a) a generating CMU; or
    • (b) a demand side response CMU;
  • commissioned”, in relation to a generating unit, means that—
    • (a) such procedures and tests have been completed as constitute, at the time they are undertaken, industry standards and practices for commissioning a generating unit of that type such that it is capable of operation at its connection capacity; and
    • (b) the unit has not subsequently been decommissioned;
  • 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 ;
  • connection capacity”, in relation to a generating CMU or a generating unit forming part of a CMU, means the amount which in accordance with capacity market rules is declared in an application for prequalification as the connection capacity of that generating CMU or generating unit;
  • the court” has the meaning given in regulation 72(2) ;
  • CPI” means the UK Consumer Prices Index (All Items) published monthly by the Office for National...

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