The Electricity (Early-Model Competitive Tenders for Onshore Transmission Licences) Regulations 2025
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Change 1
29 Recovery of tender costs by the Authority
(1) The Authority may recover its tender costs in relation to an onshore transmission tender exercise in accordance with these Regulations. (2) As soon as reasonably practicable after an onshore transmission tender exercise is finished, the Authority must— (a) calculate its total tender costs incurred for the purposes of the onshore transmission tender exercise, (b) calculate such proportion as the Authority considers appropriate of its tender costs that— (i) have been incurred by the Authority under these Regulations, and (ii) are not directly attributable to the onshore transmission tender exercise, and (c) undertake an aggregation of— (i) the payments made in accordance with these Regulations by a bidder or qualifying bidder and not repaid or repayable, and (ii) the value of any security forfeited relating to the onshore transmission tender exercise in accordance with these Regulations. (3) Subject to paragraph (4), as soon as reasonably practicable after the Authority has undertaken the steps in accordance with paragraph (2), the Authority must issue a notice to the successful bidder in respect of its tender costs specifying— (a) the amount of the payment or the nature of the security which is to be made or provided by the successful bidder, which must not exceed the amount calculated in accordance with paragraph (2), (b) the date and time by which the payment is to be made or the security is to be provided, and (c) the manner in which the payment is to be made or the security is to be provided. (4) The amount of the payment to be made or the nature of the security to be provided by the successful bidder in accordance with paragraph (3) must not exceed— (a) the amount calculated in accordance with paragraph (2)(a), plus (b) the amount calculated in accordance with paragraph (2)(b), minus (c) the amount aggregated in accordance with paragraph (2)(c). (5) After an onshore transmission tender exercise is finished and the preferred bidder has been determined to be the successful bidder the Authority may: (a) repay to a qualifying bidder the amount paid by it to the Authority pursuant to regulation 12(1)(a), or (b) release the security provided by it to the Authority pursuant to regulation 12(1)(b).
29 Recovery of tender costs by the Authority
(1) The Authority may recover its tender costs in relation to an onshore transmission tender exercise in accordance with these Regulations. (2) As soon as reasonably practicable after an onshore transmission tender exercise is finished, the Authority must— (a) calculate its total tender costs incurred for the purposes of the onshore transmission tender exercise, (b) calculate such proportion as the Authority considers appropriate of its tender costs that— (i) have been incurred by the Authority under these Regulations, and (ii) are not directly attributable to the onshore transmission tender exercise, and (c) undertake an aggregation of— (i) the payments made in accordance with these Regulations by a bidder or qualifying bidder and not repaid or repayable, and (ii) the value of any security forfeited relating to the onshore transmission tender exercise in accordance with these Regulations. (3) Subject to paragraph (4), as soon as reasonably practicable after the Authority has undertaken the steps in accordance with paragraph (2), the Authority must issue a notice to the successful bidder in respect of its tender costs specifying— (a) the amount of the payment or the nature of the security which is to be made or provided by the successful bidder, which must not exceed the amount calculated in accordance with paragraph (2), (b) the date and time by which the payment is to be made or the security is to be provided, and (c) the manner in which the payment is to be made or the security is to be provided. (4) The amount of the payment to be made or the nature of the security to be provided by the successful bidder in accordance with paragraph (3) must not exceed— (a) the amount calculated in accordance with paragraph (2)(a), plus (b) the amount calculated in accordance with paragraph (2)(b), minus (c) the amount aggregated in accordance with paragraph (2)(c). (5) After an onshore transmission tender exercise is finished and the preferred bidder has been determined to be the successful bidder the Authority may: (a) repay to a qualifying bidder the amount paid by it to the Authority pursuant to regulation 12(1)(a), or (b) release the security provided by it to the Authority pursuant to regulation 12(1)(b).
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