Paragraph 10 Reserve bids: multiple BPPA auctionI1

England, Wales and Scotland

(1)

Each licensed supplier which submitted a bid in respect of a BPPA subject to an auction is to be treated for the purposes of paragraph 11 as a reserve bidder which submitted a reserve bid in respect of that BPPA.

(2)

Sub-paragraph (1) does not apply—

(a)

to any bid submitted by a licensed supplier which has already been selected under paragraph 9 or 11; or

(b)

to any bid submitted by a voluntary licensed supplier which specified in its bid in accordance with relevant supply licence conditions that the bid was not to be considered as a reserve bid.

Annotations

Commencement

I1: Sch. para. 10 in force at 1.10.2015, see reg. 1(3)