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The Electricity Capacity Regulations 2014
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- UK Statutory Instruments
- 2014 No. 2043
- PART 4
- CHAPTER 2
- Regulation 11
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Meaning of auction parametersE+W+S
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11.—(1) “Auction parameters”, in relation to a capacity auction, means, subject to paragraph (2), such of the following as are determined by the Secretary of State for that capacity auction under regulation 12 or 29(8)—
(a)the demand curve;
(b)the [F1auction] target capacity;
(c)the price cap;
(d)the price-taker threshold;
(e)the 15 year minimum £/kW threshold and 3 year minimum £/kW threshold;
(f)the base period applicable for the purpose of calculation of capacity payments;
F2(g). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(h)in relation to a DSR transitional auction, the parameter specified in regulation 29(8).
(2) If any of the parameters referred to in paragraph (1) for a capacity auction have been adjusted in accordance with these Regulations or capacity market rules, references to the auction parameters for that capacity auction are to the parameters as so adjusted.
(3) In paragraph (1)—
“15 year minimum £/kW threshold” means the minimum amount of capital expenditure per kilowatt of de-rated capacity which a bidder must commit to spending on a generating CMU [F3or an unproven demand side response CMU] to be eligible to bid for a capacity obligation for a period of more than 3 and up to 15 delivery years;
“3 year minimum £/kW threshold” means the minimum amount of capital expenditure per kilowatt of de-rated capacity which a bidder must commit to spending on a generating CMU [F4or an unproven demand side response CMU] to be eligible to bid for a capacity obligation for a period of 2 or 3 delivery years;
[F5“auction target capacity” means, in respect of a capacity auction, the portion of the target capacity in relation to the capacity year corresponding to the delivery year for which the capacity auction is to be held which should be used for that capacity auction.]
F6...
Textual Amendments
F1Word in reg. 11(1)(b) inserted (4.7.2020) by The Electricity Capacity (Amendment etc.) (Coronavirus) Regulations 2020 (S.I. 2020/697), reg. 1(2), Sch. 1 para. 2(1)
F2Reg. 11(1)(g) omitted (14.7.2016) by virtue of The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 1 para. 44(a)
F3Words in reg. 11(3) inserted (4.7.2020) by The Electricity Capacity (Amendment etc.) (Coronavirus) Regulations 2020 (S.I. 2020/697), reg. 1(2), Sch. 1 para. 2(2)(a)
F4Words in reg. 11(3) inserted (4.7.2020) by The Electricity Capacity (Amendment etc.) (Coronavirus) Regulations 2020 (S.I. 2020/697), reg. 1(2), Sch. 1 para. 2(2)(b)
F5Words in reg. 11(3) inserted (4.7.2020) by The Electricity Capacity (Amendment etc.) (Coronavirus) Regulations 2020 (S.I. 2020/697), reg. 1(2), Sch. 1 para. 2(2)(c)
F6Words in reg. 11(3) omitted (14.7.2016) by virtue of The Electricity Capacity (Amendment) Regulations 2016 (S.I. 2016/742), reg. 1(2), Sch. 1 para. 44(b)
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