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Legislation
The conditions and rules of a reverse auction for the production of energy from renewable energy sources and in efficient co-generation mode
Electricity Market Act
Commission Regulation (EU) No 651/2014
Qualification conditions
What criteria must a bidder meet?
What is the guaranteed selling price?
About support payments
How is support paid?
For what amount of electricity is support paid?
Questions related to security
What is the amount of the bid security?
What must be done to release 70% of the guarantee letter or deposit?
What are the requirements for submitting a security guarantee letter?
Is it possible to initially transfer the security deposit to Elering's account and later replace it with a bank guarantee?
Can the submitted guarantee letter also be in English?
Can the translation of the guarantee letter into Estonian be submitted as a separate document (i.e., does it not have to be included in the guarantee letter itself), and does the translation need to be prepared by a sworn translator?
Can the security be, for example, a parent company's guarantee? Is an investment grade credit rating required?
If the offered volume and the minimum volume in the bid differ and the winner is determined for the minimum (which is lower than the offered volume), what happens to the security?
If the production unit cannot be built or is not completed on time for reasons not dependent on the developer, is it possible to have the security returned or is that the developer's risk?
If an auction is won with multiple production facilities and it is not possible to pay support for the entire amount offered, is the bidder (or joint bidders) allowed to exclude certain projects (facilities) from the bid and decide with which facilities to fulfil the awarded volume? If yes, should this be stated when bidding or can it be decided after winning?
Commencement of production and fulfilment of the production obligation
A bidder declared the winner must start production with the designated facility by the deadline stated in the auction notice. What is considered the start date for production?
What happens if it is not possible to start production by the designated date?
How is the volume of production calculated?
