Regulation 25 Notification of results

(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.