Commentary on Sections Part 2: Electricity Market Reform Chapter 2: Contracts for difference Section 11: Standard terms
103.This gives the Secretary of State power to issue and, from time to time, revise standard terms for the CFD (subsections (1) and (2), respectively). This section works in concert with sections 12 to 14 to make up the standard system for CFD allocation, from application to offer of a contract.
104.Subsection (3) places the Secretary of State under a duty to issue or revise standard terms in accordance with provision made in regulations. Subsection (4) requires the Secretary of State to have regard to the matters listed in section 5(2) when issuing or revising standard terms. Subsection (5) places the Secretary of State under a duty to publish standard terms as issued or revised under this section. Subsection (7) would allow for different standard terms to be issued for different categories of CFD (for example, for generators in Northern Ireland). Subsection (6) enables the Secretary of State to designate particular standard terms as terms which may not be modified under section 15.