Regulation 21 Auction guidelines

(1)

The Delivery Body must, before the start of the prequalification window, publish guidelines for the capacity auction (“auction guidelines”).

(2)

The auction guidelines must contain—

(a)

the provisional date on which the capacity auction is to start;

(b)

details of how to apply to prequalify to bid in the capacity auction;

(c)

the timetable for submission and determination of applications, which must in particular include the closing date for submission of applications;

(d)

the auction parameters;

(e)

the de-rating factor for each generating technology class, as determined by the Delivery Body under capacity market rules; and

(f)

such other information as may be—

(i)

required by capacity market rules; or

(ii)

directed by the Secretary of State or the Authority.

(3)

The Delivery Body must, not less than 3 weeks before the date specified under paragraph (2)(a), publish a final version of the auction guidelines which contains—

(a)

the date on which the capacity auction is to start; and

(b)

any changes made to the auction parameters under regulation 13.