Auction cancellation. 1. In case the Allocation Platform cancels an Auction, all Bids already submitted, all returns already accepted and any results of the respective Auction shall be deemed null and void.
2. The Allocation Platform shall inform all Registered Participants without undue delay, of the Auction cancellation by notification published in the Auction Tool or on webpage of Allocation Platform and by e-mail.
3. An Auction cancellation may be announced in the following cases:
(a) before the end of the contestation period in case the Allocation Platform faces technical obstacles during the Auction process like a failure of standard processes and fallback procedures and in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Long Term Transmission Rights to Registered Participants or similar reasons; and
(b) after the end of the contestation period, in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Long Term Transmission Rights to Registered Participants or similar reasons.
4. In case of Auction cancellation before the contestation period elapses, no compensation shall be paid to the Registered Participants.
5. The Allocation Platform shall publish on its website, without undue delay, the reasons for the Auction cancellation.
Auction cancellation. 1. In case the Allocation Platform cancels an Auction, all Bids already submitted and any results of the respective Auction shall be deemed null and void.
2. The Allocation Platform shall inform all Registered Participants without undue delay, of the Auction cancellation by notification published in the Auction Tool or on website of Allocation Platform and by email.
3. An Auction cancellation shall be announced in the following cases:
(a) before the Auction results publication in case the Allocation Platform faces technical obstacles during the Auction process like a failure of standard processes and fallback procedures or similar reasons; and
(b) after the Auction results publication, in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Daily Transmission Rights to Registered Participants or similar reasons.
4. In case of Auction cancellation before the Auction results publication, no compensation shall be paid to the Registered Participants.
5. The Allocation Platform shall publish on its website, without undue delay, the reasons for the Auction cancellation.
6. Stipulations of this Article can be applied to Fallback Auctions in the event of erroneous results.
1. Daily Transmission Rights may be curtailed in the event of Force Majeure and emergency situation.
2. Curtailment may be applied on allocated Daily Transmission Rights including, where the case may be, on nominated Physical Transmission Rights.
Auction cancellation. ReFlow reserves the right to not hold an Auction on any Business Day, or to cancel an Auction at any time prior to Market Close. After Market Close, ReFlow shall not cancel an Auction unless extraordinary conditions of force majeure make it impossible for ReFlow to conduct the Auction. ReFlow shall provide notice of any cancellation to all Participating Funds on the ReFlow website, or if such website is not available, through such other methods as ReFlow may specify.
Auction cancellation. 1. In case the Allocation Platform cancels an Auction, all Bids already submitted and any results of the respective Auction shall be deemed null and void.
2. The Allocation Platform shall inform all Registered Participants without undue delay, of the Auction cancellation by notification published in the Auction Tool or on webpage of Allocation Platform and by e-mail.
3. An Auction cancellation may be announced in the following cases:
(a) before the end of the contestation period in case the Allocation Platform faces technical obstacles during the Auction process like a failure of standard processes and in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Intraday Transmission Rights to Registered Participants or similar reasons; and
(b) after the end of the contestation period, in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Intraday Transmission Rights to Registered Participants or similar reasons.
4. In case of Auction cancellation before the contestation period elapses, no compensation shall be paid to the Registered Participants.
5. The Allocation Platform shall publish on its website, without undue delay, the reasons for the Auction cancellation.
6. In case of Auction cancellation a fallback procedure is not provided and postponement of an Auction is not possible.
Auction cancellation. 1. In case the Allocation Platform cancels an Auction, all Bids already submitted and any results of the respective Auction shall be deemed null and void.
2. The Allocation Platform shall partially cancel an Auction if not all Bidding Zone borders contained in the Auction are affected by the incidents as listed in paragraph 5 below. The partial cancellation will be applied on all Bids submitted for an Affected Bidding Zone Border. For the avoidance of doubt, for the non-affected Bidding Zone border(s) all Bids submitted for this Bidding Zone border(s) shall be processed by the Allocation Platform and respective results shall be notified to Registered Participants via the Auction Tool according to Articles 33 and 34.
3. Paragraph 2 of this Article shall only be effective as of the due date publically communicated by the Allocation Platform in the information for the application of paragraph 2, but earliest on the thirtieth (30th) calendar day after the publication of this information. In addition to this publication the Allocation Platform shall send a notice according to Article 62 to Registered Participants containing the same information.
4. The Allocation Platform shall inform all Registered Participants without undue delay, of the Auction cancellation / partial Auction cancellation by notification published in the Auction Tool or on website of Allocation Platform and by electronic means as specified by the Allocation Platform on its website.
5. An Auction cancellation / partial Auction cancellation shall be announced in the following cases:
(a) before the Auction results publication in case the Allocation Platform faces technical obstacles during the Auction process like a failure of standard processes and fallback procedures or similar reasons; and
(b) after the Auction results publication, in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Daily Transmission Rights to Registered Participants or similar reasons.
6. In case of Auction cancellation / partial Auction cancellation before the Auction results publication, no compensation shall be paid to the Registered Participants.
7. The Allocation Platform shall publish on its website, without undue delay, the reasons for the Auction cancellation / partial Auction cancellation.
8. Stipulations of this Article can be applied to Fallback Auctions in the event of erroneous results CHAPTER 7 Article 44
1. Daily Transmission Rights may be curtailed in th...
Auction cancellation. 1. In case the Allocation Platform cancels an Auction, all Bids already submitted and any results of the respective Auction shall be deemed null and void.
2. The Allocation Platform shall inform all Registered Participants without undue delay, of the Auction cancellation by notification published in the Auction Tool or on webpage of Allocation Platform and by e-mail.
3. An Auction cancellation may be announced in the following cases:
(a) before the end of the contestation period in case the Allocation Platform faces technical obstacles during the Auction process like a failure of standard processes and fallback procedures in the event of erroneous results due to incorrect Marginal Price calculation;
(b) after the end of the contestation period, in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Daily Transmission Rights to Registered Participants or similar reasons.
4. In case of Auction cancellation before the contestation period elapses, no compensation shall be paid to the Registered Participants.
5. The Allocation Platform shall publish on its website, without undue delay, the reasons for the Auction cancellation.
1. Daily Transmission Rights may be curtailed only in the event of Force Majeure or an emergency situation according to applicable legislation.
2. Curtailment may be applied on allocated Daily Transmission Rights including, where the case may be, on nominated Physical Transmission Rights.
3. Each Registered Participant affected by curtailment shall lose its right to nominate for physical use the concerned Transmission Rights.
4. In case of curtailment, the affected Registered Participant is entitled to receive reimbursement or compensation according to Article 44.
Auction cancellation. 1. In case the Allocation Platform cancels an Auction, all Bids already submitted and any results of the respective Auction shall be deemed null and void.
2. The Allocation Platform shall inform all Registered Participants without undue delay, of the Auction cancellation by notification published in the Auction Tool or on webpage of Allocation Platform and by e-mail.
3. An Auction cancellation may be announced in the following cases:
(a) before the end of the contestation period in case the Allocation Platform faces technical obstacles during the Auction process like a failure of standard processes and fallback procedures and in the event of erroneous results due to incorrect Marginal Price calculation; in case of Swiss Northern borders the Rights Documents that have been eventually sent are not valid anymore; and
(b) after the end of the contestation period, in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Daily Transmission Rights to Registered Participants or similar reasons.
4. In case of Auction cancellation before the contestation period elapses, no compensation shall be paid to the Registered Participants.
5. The Allocation Platform shall publish on its website, without undue delay, the reasons for the Auction cancellation.
Auction cancellation. 1. In case the Single Allocation Platform cancels an Auction, all Bids already submitted, all returns already accepted and any results of the respective Auction shall be deemed null and void.
2. The Single Allocation Platform shall inform all Registered Participants without undue delay, of the Auction cancellation by notification published in the Auction Tool or on the webpage of the Single Allocation Platform and by electronic means as specified by the Single Allocation Platform on its website.
3. An Auction cancellation may be announced in the following cases:
(a) before the end of the contestation period in case the Single Allocation Platform faces technical obstacles during the Auction process like a failure of standard processes and fallback procedures in the event of erroneous results due to incorrect Marginal Price calculation or in the event of incorrect allocation of Long Term Transmission Rights to Registered Participants or similar reasons; and
(b) after the end of the contestation period, in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Long Term Transmission Rights to Registered Participants or similar reasons.
4. In case of Auction cancellation before the contestation period elapses, no compensation shall be paid to the Registered Participants.
5. The Single Allocation Platform shall publish on its website, without undue delay, the reasons for the Auction cancellation.
Auction cancellation. ARS may at any time, in its sole and absolute discretion and with or without notice, postpone or cancel a bidding opportunity, whether before or after a bid is submitted. ARS will neither be liable or obligated to Bidder as a result of any auction postponement or cancellation.
Auction cancellation. 1. In case the Allocation Platform cancels an Auction, all Bids already submitted and any results of the respective Auction shall be deemed null and void.
2. The Allocation Platform shall inform all Registered Participants without undue delay, of the Auction cancellation by notification published in the Auction Tool or on the webpage of the Allocation Platform and by electronic means as specified by the Allocation Platform on its website.
3. The Allocation Platform shall publish on its website, without undue delay, the reasons for the Auction cancellation.
4. In case of Auction cancellation a fallback procedure is not provided and postponement of an Auction is not possible.
