PART 4E+W+SCapacity auctions

CHAPTER 4E+W+SDetermining eligibility and holding capacity auctions

Notification of resultsE+W+S

25.—(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.