Section 12(3) in Rajasthan Electricity Regulatory Commission (Terms and Conditions for Open Access) Regulations, 2016
(3)Bidding procedure:(i)If the capacity sought by the customers for "Open Access in advance" for the following month is more than the available capacity or Nodal Agency perceives congestion of any element of transmission and distribution system involved in the transaction, the allocation shall be made through electronic bidding;(ii)The decision of Nodal Agency in respect of an expected congestion shall be final and binding on all the parties;(iii)Nodal Agency shall convey to the applicants, the information of congestion and decision for invitation of bidding indicating floor price in the prescribed format;(iv)Nodal Agency shall also display bidding information on its website;(v)The floor price of transmission and wheeling charges determined on the basis of relevant order of the Commission shall be indicated in the prescribed format;(vi)The bids shall be accepted on the prescribed format up to the "bid closing time" as indicated in bid invitation notice. Request for modification / amendment to a bid, once submitted, shall not be entertained;(vii)If any applicant does not participate in bidding process, his application shall be deemed to have been withdrawn and shall not be processed;(viii)Nodal Agency shall not entertain any request for extension of time / date for submission of bids;(ix)The bidders shall quote price in denomination in which floor price has been determined;(x)The quoted prices shall be stacked in a descending order and allocation of available capacities shall be accorded in such descending order until the available capacity is fully exhausted;(xi)In case of a tie in the bid price of two or more applicants, the allocation from the residual available capacity at any stage shall be made in proportion to capacity being sought by such applicants;(xii)The open access customers, who are allotted less capacity than sought for, shall pay the price as quoted by them which shall in no case be less than the floor price;(xiii)All open access customers, in favour of whom full capacities have been allotted, shall pay the price quoted by the last applicant getting approval of its full quoted capacity;(xiv)Nodal Agency shall reject bids which are incomplete, vague in any manner or not found in conformity with the guidelines.
