Bidding procedures.

CFR · 2024-01-01 · US · Title 10

DOE shall conduct an electronic reverse auction through a limited duration single bid per producer auction process open only to pre-auction eligible cellulosic biofuels producers. The following procedures shall be used: (a) DOE shall accept only electronic bids received from pre-auction eligible cellulosic biofuels producers during the open window established in the solicitation. The open window shall consist of a single continuous period of at least four hours for each auction. (b) Bids shall identify an estimated annual production amount from an eligible cellulosic biofuels production facility on a per gallon, site, entity, and year specific basis for a consecutive six year production period. A bid also may be submitted for additional incentives for uncovered production volumes at a site where an award was made in an earlier auction round. (c) All bids must set forth the methodology used to derive the estimates of annual production volumes covered by the bid and the bid shall be calculated on a gasoline equivalent volumetric basis using the lower heating Btu value of the fuel compared to the lower heating Btu value of gasoline. (d) All bids will be confidential until 45 days after the close of the window for submission of bids for the reverse auction. (e) Bid evaluation and incentive awards selection procedures include the following: (1) After DOE evaluates the bids received during the open window, it shall, within 45 days following the close of the open window for submissi

official document · source cfr-2024 · id 10:§ 452.5