What must I do to sell my
electricity in the e-POWER auction?
The first step is to enter into the Agency Agreement
by completing the 'Particulars of the Principal' section and signing the agreement.
As a new user, how long will it take to register for
an auction?
You can send two copies of the signed Agreement at any time
but no later than 25 days before the date of an auction. This will allow
details of your generating station to be shown on the auction site 20
days before the auction starts.
Will there be a power purchase agreement?
Yes, we will arrange a power purchase agreement
between you and the successful bidder. This will need to be done twice
a year for contracts having a six month contract term.
How will I get paid for the electricity sold at auction?
The successful bidder will provide us with metering
data each month which will allow us to invoice the supplier, collect payment
and for you to invoice us. We then make the payment to you.
How much will it cost me to sell my electricity through
the e-POWER auction?
The charge is £1/MWh, subject to a minimum
fee of £200 per billing period. The charge is made for auction, billing and settlement services.
Can I specify a reserve price for my electricity?
Yes, if you wish, you may agree with us a reserve
price for the electricity you sell in our auction. Bidders will see the
reserve price when the auction starts.
How can I be sure I’ll get the best price for
my electricity?
There are no guarantees, but you only have to look
at our track record to
compare what you could have sold your electricity for, compared with the
prices you have been getting. We think you’ll find our results very
attractive.
What about accreditation?
You are required to seek and maintain accreditation from Ofgem for ROCs,
LECs and REGOs.
What happens to ROCs, LECs and
REGOs?
You must transfer ROCs and REGOs issued by Ofgem to our holding account
in the Register, we will then transfer them to the supplier each month.
Ofgem will issue the LECs to the suppliers.
Who gains from Triad Avoidance
Benefit?
The Triad Avoidance Benefit, calculated and collected by us, is shared
- 80% to the generator and 20% to the supplier.
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