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Regulation 34 Calculating the price point for all sets of bids where a bidder increased demand

Original text. Later amendments are not shown.

(1)

In relation to each set of bids to increase demand OFCOM shall calculate the price point in accordance with paragraph (2).

(2)

For each such set of bids made by a bidder, the price point in relation to that set is a number calculated as—

(a)

the difference in whole thousands of pounds between the nominated price for that set and the opening price for that lot type; divided by

(b)

the difference in whole thousands of pounds between the clock price for that lot type and the opening price for that lot type.