Auction KH0035 has been postponed from 28 September 2017 to 16 October 2017.
During the auction day, and effective immediately, The Stove Auction will no longer provide a bid update at 11am. The updates will now take place at 1pm, 2pm, 3:30pm (final notice) and 4 pm (final result).
Per our guidelines, every year of operation we reduce the amount of RBF cash incentive that can be claimed per auction stove that is sold to an end-consumer and successfully verified. We have just completed our first year of operations and now it is time to reduce the cash incentive to the Year 2 level, which has been posted in the online Guidelines for Buyers webpage since the start of the program.
Please be informed that all stoves purchased from next auction (KH0024, April 12) onwards until the Year 3 levels come into effect, will receive the following cash incentives:
Year 2 RBF Cash Incentive Level to Buyers
Premium Level: EUR 14.40
Standard Level: EUR 9.60
Please be informed of revisions made to the Buyer Agreement which are effective as of 09 February 2017. Many of revisions were made to provide more clarity to existing processes and policies. The revised Buyer Agreement can be downloaded on the BUYING webpage.
To summarize, the revisions providing further clarification include:
Revisions that represent new information include:
This notice is to inform Registered Bidders of a policy change for the Reserve Price of stoves sold at auction. The Reserve Price is the minimum eligible bid price for a stove sold at auction. Currently the Reserve Price is hidden, meaning it is not publically known. The new Reserve Price Policy implements a published reserve price for each stove that slightly increases per auction. Below are the main points of the new Reserve Price Policy:
Dear Registered Bidders, we would like to kindly inform that the window of time for all upcoming auctions (starting with Auction # KH0014 on Nov 17) will change from 9:00-17:00 to 10:00-16:00. Please kindly also note that the SMS updates will be sent at 11:00, 13:00 and 14:00. The final notice will be sent at 15:30 and the final result will be sent at 16:00. We do believe these changes will not create any impact to the overall auction activities and we look forward to receiving your active participation. The Stove Auction Team (C-Quest Capital).
The first auction to include Mimi Moto Cookstoves (Lot 3) will be postponed to 15 September 2016 (KH0011)
The shipment of Mimi Moto Cookstoves is currently being cleared out of Cambodian customs and won't be ready to be auctioned on 31 August (KH0010). They will be included in the next auction on 15 September (KH0011).
The Stove Auction has reduced the quantity levels of Lot 1 (ACE 1 Solar Biomass Cookstove) from 170 to 50 units and Lot 2 (Prime Fuelwood Square) from 200 to 50 units in Auction #KH0005.
The Full Wholesale Value for the ACE 1 Solar Biomass Cookstove has increased from EUR 99.00 to EUR 108.00 due to increased costs in production and import duty compared to previous units that were produced and shipped to Cambodia in early 2015.