The Electricity Capacity Regulations 2014
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Change 1
25 Notification of results
(1) The Delivery Body must, after a capacity auction is completed— (a) as soon as reasonably practicable notify the auction results to the Secretary of State; (b) within one working day, give notice to each bidder of whether or not its bid was a successful bid; and (c) within 8 working days, publish the auction results. (2) In paragraph (1) “the auction results” means— (a) the auction clearing price; (b) the total amount of capacity in respect of which successful bids were made; (c) the CMUs in respect of which successful bids were made; (d) in respect of each such CMU— (i) the de-rated capacity of the CMU...; and (ii) the duration of capacity obligation for which, and the price at which, the successful bid was made. (3) In paragraphs (1) and (2), a “successful bid” means a bid that, subject to regulation 27, results in the award of a capacity obligation to the bidder.
25 Notification of results
(1) The Delivery Body must, after a capacity auction is completed— (a) as soon as reasonably practicable notify the auction results to the Secretary of State; (b) within one working day, give notice to each bidder of whether or not its bid was a successful bid; and (c) within 8 working days, publish the auction results. (2) In paragraph (1) “the auction results” means— (a) the auction clearing price; (b) the total amount of capacity in respect of which successful bids were made; (c) the CMUs in respect of which successful bids were made; (d) in respect of each such CMU— (i) the de-rated capacity of the CMU...; and (ii) the duration of capacity obligation for which, and the price at which, the successful bid was made. (3) In paragraphs (1) and (2), a “successful bid” means a bid that, subject to regulation 27, results in the award of a capacity obligation to the bidder.
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