# The Wireless Telegraphy (Licence Award) Regulations 2025, Regulation 26: The price range


(1) The price range notified by OFCOM must specify in respect of each lot type—
(a) the lowest price (“the opening price”) in the range; and
(b) the highest price (“the clock price”) in the range.
(2) The opening price in a round shall be—
(a) a price per lot in whole thousands of pounds;
(b) the same for each lot within that lot type; and
(c) the same as the posted price for that lot type notified by OFCOM following the most recent round.
(3) The clock price in a round shall be—
(a) a price per lot in whole thousands of pounds;
(b) the same for each lot within that lot type; and
(c) higher than the opening price for that lot type.

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Source: https://www.legislation.gov.uk/uksi/2025/669/regulation/26 (the official version)
Page: https://openlegislation.uk/wireless-telegraphy-licence-award-regulations-2025/regulation-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.