Regulation 21 Auction guidelines

(1)

The Delivery Body must, before the start of the prequalification window, F1and as soon as reasonably practicable following any extension to the prequalification window made by the Delivery Body or Secretary of State under the capacity market rules, 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, F2and for each interconnector CMU, as determined by the Delivery Body or the Secretary of State 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.

Annotations

Textual amendments

F1: Words in reg. 21(1) inserted (17.7.2026) by The Electricity Capacity (Amendment and Transitional Provision) Regulations 2026 (S.I. 2026/850), reg. 1(2), Sch. 1 para. 3
F2: Words in reg. 21(2)(e) inserted (24.3.2015) by The Electricity Capacity (Amendment) Regulations 2015 (S.I. 2015/875), reg. 1(2), Sch. 1 para. 5