Amendment to the ‘Effective From’ Date of DCP 349

Urgent Implemented

DCP-402

Amendment to the ‘Effective From’ Date of DCP 349

To amend the ‘effective from’ date currently set in the DCP 349 legal text, which has been approved to be implemented on 01 April 2022, from 24 June 2022 to 29 June 2023. This allows for a transition time of a minimum of 12 months for existing Suppliers to move to the new requirements.

Related Documents

Name	File Size	Version/Revision	Date Published
DCP 402 Change Declaration	1.23 MB	1.0	14/04/2022
DCP 402 Change Report	1.29 MB	1.0	23/03/2022
DCP 402 Change Proposal Form and Attachments	534.87 KB	1.0	21/03/2022

Change Proposal Activities

Name	Date	Location
DCP 402 Change Report – Voting Round	23/03/2022	-

Reasons for Change

Following on from the Authority’s Decision to accept DCP 349 ‘Effectiveness of the current provision of unsecured cover under Schedule 1’, it has been noted that there was an error in the legal text in relation to the date upon which the requirements are to become effective. The DCP 349 legal text, which will be implemented on 01 April 2022, includes reference to 24 June 2022 as being the date from which the new requirements are to have effect from, however this should read 29 June 2023. This Change Proposal (CP) is raised as a housekeeping change to amend the legal text that will be introduced by DCP 349 (Schedule 1, Paragraphs 2.13 and 2.13B) to state 29 June 2023 as the date from which the new requirements are to have effect from.

Potential Impact

Throughout the development of DCP 349, it was always the intention to allow a transitional period of a minimum of 12 months, following Authority approval, for Suppliers to transition to the new requirements. This was stated within the DCP 349 Change Report.

Without this Change Proposal, Suppliers would be required to transition to the new credit cover arrangements (introduced by DCP 349) within 3 months, which was deemed to be insufficient.

Impacted Sections/Schedules

Schedule 1: Cover

Impacted Areas

Schedule 1 ‘Cover’

Proposer

Name: Andrew Sherry
Party: ELECTRICITY NORTH WEST LIMITED

Date

Raised: 09/03/2022
Expected Implementation: 23/06/2022
Implementation: 23/06/2022

Secretariat

Richard Colwill

Other details

Part 2 Matter
Lead Time Requested: None

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Amendment to the ‘Effective From’ Date of DCP 349

DCP-402

Amendment to the ‘Effective From’ Date of DCP 349

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