PART 4Capacity auctions
CHAPTER 4Determining eligibility and holding capacity auctions
Notification of results25.
(1)
The Delivery Body must, after a capacity auction is completed—
(a)
as soon as reasonably practicable notify the auction results to the Secretary of State;
(b)
within one working day, give notice to each bidder of whether or not its bid was a successful bid; and
(c)
within 8 working days, publish the auction results.
(2)
In paragraph (1) “the auction results” means—
(a)
the auction clearing price;
(b)
the total amount of capacity in respect of which successful bids were made;
(c)
the CMUs in respect of which successful bids were made;
(d)
in respect of each such CMU—
(i)
the de-rated capacity of the CMU, and, in the case of a demand side response CMU, its DSR bid capacity if different; and
(ii)
the duration of capacity obligation for which, and the price at which, the successful bid was made.
(3)
In paragraphs (1) and (2), a “successful bid” means a bid that, subject to regulation 27, results in the award of a capacity obligation to the bidder.