Scheme tenders
24 Scheme tenders
The Minister may from time to time direct the Scheme Administrator to undertake a competitive tender process to assist in meeting the Firm Energy
Target or otherwise for the purposes of the scheme.
In connection with subregulation (1)—
the tender process must be undertaken in accordance with any relevant requirements specified by the Minister's guidelines or in a direction of the Minister under this regulation; and
a long duration capacity provider who meets any eligibility criteria specified by the Minister's guidelines or in a direction of the
Minister under this regulation is eligible to participate in the tender process; and
a long duration capacity provider participating in the tender process must submit a response and otherwise act in accordance with any relevant requirements specified by the Minister's guidelines or in a direction of the Minister under this regulation; and
various types of contracts may be offered as a result of a tender process, as provided by the Minister's guidelines or in a direction of the
Minister under this regulation.
The Scheme Administrator may, at the conclusion of the tender process and after taking into account any requirements specified by the
Minister's guidelines or in a direction of the Minister under this regulation, enter into negotiations with any successful tenderer for the provision of long duration dispatchable electricity capacity.
The Scheme Administrator may, after taking into account any requirements specified by the Minister's guidelines or in a direction of the
Minister under this regulation, and after consulting with the Minister, recommend to the Financial Vehicle that a contract be entered into with the relevant entity for the provision of long duration dispatchable electricity capacity.
The Financial Vehicle may, on the basis of a recommendation under subregulation (4), enter into a contract with the relevant entity for the provision of long duration dispatchable electricity capacity.
A long duration capacity provider who is a party to a contract under this regulation must comply with a capacity commitment specified in the contract in accordance with the terms of the contract.
The Scheme Administrator must, at the conclusion of a tender process undertaken under this regulation, publish a notice setting out the outcomes of the tender process in accordance with the Minister's guidelines or in a direction of the Minister under this regulation.
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