Common use of Auction cancellation Clause in Contracts

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. 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 may be announced in the following cases: (a) before the provisional 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 provisional 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 f i nal 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 The provisions of this Article can 43 may also be applied to a Fallback Auctions Auction (in the event of erroneous results). 1. Daily Transmission Rights may be curtailed only in the event of Force Majeure and or emergency situation. 2. Curtailment may be applied on allocated Daily Transmission Rights 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 Physical Transmission Rights if such right exists at the moment of curtailment. 4. In case of curtailment, the affected Registered Participant is not entitled to receive any reimbursement or compensation in connection or as a consequence thereof.

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 may be announced in the following cases: (a) before the provisional 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 provisional 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 f i nal 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 The provisions of this Article can 43 may also be applied to a Fallback Auctions Auction (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. 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 emailelectronic means as specified by the Allocation Platform on its website. 3. An Auction cancellation shall may be announced in the following cases: (a) before the provisional 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 provisional 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 final 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 The provisions of this Article can 43 may also be applied to a Fallback Auctions Auction (in the event of erroneous results). 1. Daily Transmission Rights may be curtailed only in the event of Force Majeure and or emergency situation. 2. Curtailment may be applied on allocated Daily Transmission Rights 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 Physical Transmission Rights if such right exists at the moment of curtailment. 4. In case of curtailment, the affected Registered Participant is not entitled to receive any reimbursement or compensation in connection or as a consequence thereof.

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 emailelectronic means as specified by the Allocation Platform on its website . 3. An Auction cancellation shall may be announced in the following cases: (a) before the provisional 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 provisional 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 f i nal 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 The provisions of this Article can 43 may also be applied to a Fallback Auctions Auction (in the event of erroneous results). 1. Daily Transmission Rights may be curtailed only in the event of Force Majeure and or emergency situation. 2. Curtailment may be applied on allocated Daily Transmission Rights 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 Physical Transmission Rights if such right exists at the moment of curtailment. 4. In case of curtailment, the affected Registered Participant is not entitled to receive any reimbursement or compensation in connection or as a consequence thereof.

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 emailemailelectronic means as specified by the Allocation Platform on its website . 3. An Auction cancellation shall may be announced in the following cases: (a) before the provisional 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 provisional 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 f i nal 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 The provisions of this Article can 43 may also be applied to a Fallback Auctions Auction (in the event of erroneous results). 1. Daily Transmission Rights may be curtailed only in the event of Force Majeure and or emergency situation. 2. Curtailment may be applied on allocated Daily Transmission Rights 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 Physical Transmission Rights if such right exists at the moment of curtailment. 4. In case of curtailment, the affected Registered Participant is not entitled to receive any reimbursement or compensation in connection or as a consequence thereof.

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 webpage of Allocation Platform and by emailelectronic means as specified by the Allocation Platform on its website. 3. An Auction cancellation shall may be announced in the following cases: (a) before the Auction results publication 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 or similar reasonsin the event of erroneous results due to incorrect Marginal Price calculation; and (b) after the Auction results publicationend 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 Auction results publicationcontestation period elapses, no compensation shall be paid to the Registered Participants. 5. In case of Auction cancellation after the contestation period elapses, the Registered Participant is entitled to receive a compensation equal to: (a) the Marginal Price of the initial Auction; multiplied by (b) the volume in MW per hour. 6. 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. 1. In case the Allocation Platform cancels an Auction, all Bids already submitted 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 website webpage of the Allocation Platform and by emailelectronic means as specified by the Allocation Platform on its website. 3. An Auction cancellation shall may be announced in the following cases: (a) before the Auction results publication 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 or in the event of incorrect allocation of Long Term Transmission Rights to Registered Participants or similar reasons; and (b) after the Auction results publicationend of the contestation period, in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Daily Long Term Transmission Rights to Registered Participants or similar reasons. 4. In case of Auction cancellation before the Auction results publicationcontestation 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. 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. 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.. CHAPTER 7‌ Article 44‌ 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. 3. Daily Transmission Rights shall not be curtailed after the Day Ahead Firmness Deadline except in the case of Force Majeure or emergency situation in accordance with Article 72 of Commission Regulation (EU) 1222/2015. 4. Each Registered Participant affected by curtailment shall lose its right to nominate for physical use the concerned Physical Transmission Rights if such right exists in the moment of curtailment. 5. In case of curtailment, the affected Registered Participant is entitled to receive reimbursement or compensation according to Article 47.

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. 3electronic means as specified by the Allocation Platform on its website . An Auction cancellation shall may be announced in the following cases: (a) : before the provisional 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) and after the provisional 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 final 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 The provisions of this Article can 43 may also be applied to a Fallback Auctions Auction (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.CHAPTER 7

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 may 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. 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.CHAPTER 7

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 may 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 situationMajeure, an Emergency Situation or to ensure System Security 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.