Regulation 27 Each bidder must make three sets of bids in the second (and each subsequent) principal stage round

In the second principal stage round (and also in each subsequent principal stage round) each bidder must, using the auction system, make three sets of bids; one set of bids in respect of each lot type.

The set of bids which must be made for a particular lot type is determined by the number of lots of that lot type (specified by a bidder on the auction system) in respect of which the bidder wishes to bid at the clock price (the “target number”).

A bidder must not select target numbers for each of the three lot types which would together breach the eligibility rule.

The only sets of bids (and the only bids within those sets) which may be made are those described in regulations 28 to 30.

Subject to the constraint in paragraph (3), the target number of lots may be any quantity from (and including) zero up to and including the total number of lots of that type which are available in the award process.

The target number for a particular lot type may be the same, higher or lower than the bidder’s notified posted demand number for that lot type.

Each bid within a set must be a principal stage bid as described in regulation 17.