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Regulation 14 Eligibility to bid in capacity auctions

Original text. Later amendments are not shown.

(1)

An applicant is eligible to bid in a capacity auction in respect of a CMU if—

(a)

the CMU has prequalified for the capacity auction; and

(b)

the applicant is the person who applied for its prequalification under capacity market rules.

(2)

A CMU has prequalified for a capacity auction if, by 11 working days before the start of the capacity auction—

(a)

the Delivery Body has determined under capacity market rules, or under Chapter 1 of Part 10 (dispute resolution and appeals), that the CMU has prequalified; or

(b)

the Delivery Body has registered the CMU on the capacity market register as a prequalified CMU in accordance with a direction of the Authority or the court under Chapter 1 of Part 10.