Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 32, the Allocation Platform shall determine the Auction results and allocate the Daily Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated Daily Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of Daily Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated Daily Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which sets the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of Daily Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of Daily Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 8 contracts

Samples: Capacity Allocation Rules, Capacity Allocation Rules, Rules for Explicit Daily Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.,

Appears in 5 contracts

Samples: Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 32, the Allocation Platform shall determine the Auction results and allocate the Daily Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated Daily Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of Daily Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated Daily Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which sets the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of Daily Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of Daily Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. (e) any remaining Cross Zonal Capacity after the allocation according to item (d), shall be allocated using chronological submission criteria (time-stamp). 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 5 contracts

Samples: Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao, Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao, Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3234, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Long Term Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Long Term Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Long Term Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Long Term Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Long Term Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Long Term Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. ~~Whenever~~ Where a Reduction Period is indicated in the ~~calculation set forth~~ Auction Specification for an Auction, the Allocation Platform shall determine the Auction Results in accordance with the provisions of paragraphs 3 to 5 of this ~~Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f)~~Article, modified as follows: (a) winning Bids and Marginal Prices for respective Bidding Zone border and direction are determined according to paragraphs 3 to 5 of this Article; (b) for each Reduction Period the ~~Daily~~ quantity of Long Term Transmission Rights to be allocated to individual Registered Participants shall be ~~rounded down~~ calculated on a pro-rata basis taking into account the quantity of Long Term Transmission Rights corresponding to the ~~nearest full MW~~respective winning Bids of each Registered Participant and the respective reduced Offered Capacities. The Allocation Platform shall publish on its website clarifications and examples concerning the calculation of the quantity of Long Term Transmission Rights to be allocated to individual Registered Participants in the Reduction Period. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 31 paragraph 1(f), the ~~Daily~~ Long Term Transmission Rights shall be rounded down to the nearest full MW~~. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination~~. 8. The ~~Daily~~ Long Term Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results~~Results and the contestation period is closed in accordance with Article 37. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 8 shall apply.

Appears in 5 contracts

Samples: Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3234, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Long Term Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Long Term Transmission Rights per ~~Bidding Zone~~ bidding zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per ~~Bidding Zone~~ bidding zone border and direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each ~~Bidding Zone~~ bidding zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one ~~Bidding Zone~~ bidding zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Long Term Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Long Term Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Long Term Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Long Term Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.and

Appears in 5 contracts

Samples: Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate ~~the Daily~~ Intraday Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the ~~following~~following per hour: (a) determination of the total quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted ~~in full~~ for the total requested quantity of ~~Daily~~ Intraday Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided ~~equally between~~ by the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Intraday Transmission Rights requested by a Registered Participant at Marginal Price is lower ~~than~~ or equal to than the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Intraday Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a ~~whole~~ full MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Intraday Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ the Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 87. The ~~Daily~~ Intraday Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results. In~~ Results and the ~~event that the Auction was not successfully performed, the fallback procedures as set forth~~ contestation period is closed in ~~CHAPTER 6 shall apply~~accordance with Article 34.

Appears in 3 contracts

Samples: Allocation Rules for Intraday Capacity Allocation, Allocation Rules for Intraday Capacity Allocation, Allocation Rules for Intraday Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization ~~function in form of relevant Offered Capacities. The Allocation Platform shall publish~~ additional explanatory information on the optimization function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.,

Appears in 3 contracts

Samples: Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3234, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Long Term Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Long Term Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Long Term Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Long Term Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Long Term Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Long Term Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. ~~Whenever~~ Where a Reduction Period is indicated in the ~~calculation set forth~~ Auction Specification for an Auction, the Allocation Platform shall determine the Auction Results in accordance with the provisions of paragraphs 3 to 5 of this ~~Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f)~~Article, modified as follows: (a) winning Bids and Marginal Prices for respective Bidding Zone border and direction are determined according to paragraphs 3 to 5 of this Article; (b) for each Reduction Period the ~~Daily~~ quantity of Long Term Transmission Rights to be allocated to individual Registered Participants shall be ~~rounded down~~ calculated on a pro-rata basis taking into account the quantity of Long Term Transmission Rights corresponding to the ~~nearest full MW~~respective winning Bids of each Registered Participant and the respective reduced Offered Capacities. The Allocation Platform shall publish on its website clarifications and examples concerning the calculation of the quantity of Long Term Transmission Rights to be allocated to individual Registered Participants in the Reduction Period. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 31 paragraph 1(f), the ~~Daily~~ Long Term Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ Long Term Transmission Rights ~~allocated to individual Registered Participants~~ are equal to zero after rounding shall not impact the Marginal Price determination. 8. The ~~Daily~~ Long Term Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results~~Results and the contestation period is closed in accordance with Article 37. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 8 shall apply.

Appears in 3 contracts

Samples: Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate ~~the Daily~~ Intraday Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the ~~following~~following per hour: (a) determination of the total quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted ~~in full~~ for the total requested quantity of ~~Daily~~ Intraday Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided ~~equally between~~ by the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Intraday Transmission Rights requested by a Registered Participant at Marginal Price is lower ~~than~~ or equal to than the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Intraday Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.and

Appears in 2 contracts

Samples: Allocation Rules for Intraday Capacity Allocation, Allocation Rules for Intraday Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate ~~the Daily~~ Intraday Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the ~~following~~following per hour: (a) determination of the total quantity of the allocated ~~Daily~~ Intraday Transmission Rights per ~~Bidding Zone border and~~ direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price for the interconnector as well as per ~~Bidding Zone~~ border and direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 54. If two (2) or more Registered Participants have submitted for one ~~Bidding Zone border and~~ direction valid Bids with the same Bid Price, that cannot be accepted ~~in full~~ for the total requested quantity of ~~Daily~~ Intraday Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided ~~equally between~~ by the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Intraday Transmission Rights requested by a Registered Participant at Marginal Price is lower ~~than~~ or equal to than the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Intraday Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 65. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a ~~whole~~ full MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Intraday Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ the Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 86. The ~~Daily~~ Intraday Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply~~Results.

Appears in 2 contracts

Samples: Interconnector Access Rules for Intraday Capacity Allocation, Interconnector Access Rules for Intraday Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to ~~item~~ item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 27 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ the Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 87. The ~~Daily~~ Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results~~Results and the contestation period is closed in accordance with Article 34. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 2 contracts

Samples: Rules for Daily Capacity Allocation on Swiss Borders, Rules for Daily Capacity Allocation

Appears in 2 contracts

Samples: Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao, Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 27 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ the Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 87. The ~~Daily~~ Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results~~Results and the contestation period is closed in accordance with Article 34. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 2 contracts

Samples: Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 32, the Allocation Platform shall determine the Auction results and allocate the Daily Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated Daily Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization ~~function of~~ functionof the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of Daily Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated Daily Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which sets the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these ~~Bids;~~Bids;‌ (b) in case the quantity of Daily Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of Daily Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 2 contracts

Samples: Rules for Explicit Daily Capacity Allocation, Rules for Explicit Daily Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 32, the Allocation Platform shall determine the Auction results and allocate the Daily Transmission Rights in accordance with this Article~~. 2~~. The Auction results determination shall include the following~~: (a)~~ : determination of the total quantity of the allocated Daily Transmission Rights per Bidding Zone border and direction~~; (b)~~ ; identification of winning Bids to be fully or partially satisfied; ~~and (c)~~ and determination of the Marginal Price per Bidding Zone border and direction~~. 3~~. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization function of the algorithm on its website~~. 4~~. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria~~: (a)~~ : if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero~~; (b)~~ ; if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities~~. 5~~. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of Daily Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated Daily Transmission Rights per Registered Participant as follows~~: (a)~~ : the Cross Zonal Capacity available for the Bids which sets the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids~~; (b)~~ ; in case the quantity of Daily Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied~~; (c)~~ ; in case the requested quantity of Daily Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above~~; (d)~~ ; any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above~~. 6~~; any remaining Cross Zonal Capacity after the allocation according to item (d), shall be allocated using chronological submission criteria (time-stamp). Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination~~. 8~~. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 1 contract

Samples: Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 32, the Allocation Platform shall determine the Auction results and allocate the Daily Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated Daily Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of Daily Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated Daily Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which sets the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of Daily Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of Daily Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights ~~allocated to individual Registered Participants~~ are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 1 contract

Samples: Rules for Daily Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.,

Appears in 1 contract

Samples: Daily Capacity Allocation Agreement

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3234, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Long Term Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Long Term Transmission Rights per ~~Bidding Zone border and~~ direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per ~~Bidding Zone border and~~ direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of ~~relevant~~ Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each ~~Bidding Zone border and~~ direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the ~~relevant~~ Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the ~~relevant~~ Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of Daily Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated Daily Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which sets the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of Daily Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of Daily Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 1 contract

Samples: Access Rules

Appears in 1 contract

Samples: Capacity Allocation Agreement

Auction Results Determination. ‌ 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate ~~the Daily~~ Intraday Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the ~~following~~following per hour: (a) determination of the total quantity of the allocated ~~Daily~~ Intraday Transmission Rights per direction on the Bidding Zone border ~~and direction~~of the ElecLink Interconnector; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per direction on the Bidding Zone border ~~and direction~~of the ElecLink Interconnector. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at for each direction on the Bidding Zone border ~~and direction~~ of the ElecLink Interconnector based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one direction on the Bidding Zone border ~~and direction~~ of the ElecLink Interconnector valid Bids with the same Bid Price, that cannot be accepted ~~in full~~ for the total requested quantity of ~~Daily~~ Intraday Transmission ~~Rights~~Rights (which means that the number of valid Bids with the same Bid Price exceeds the Offered Capacity), the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided ~~equally between~~ by the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Intraday Transmission Rights requested by a Registered Participant at Marginal Price is lower ~~than~~ or equal to than the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the ~~requested~~ quantity of ~~Daily~~ Intraday Transmission Rights requested by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a ~~whole~~ full MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Intraday Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ the Intraday Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 87. The ~~Daily~~ Intraday Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the Auction results. 8. In Registered Participants acknowledge and accept that their Bids may be partially accepted according to the ~~event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply~~methodology above.

Appears in 1 contract

Samples: Allocation Rules for Intraday Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 32, the Allocation Platform shall determine the Auction results and allocate the Daily Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated Daily Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of Daily Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated Daily Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which sets the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these ~~Bids;~~Bids;‌ (b) in case the quantity of Daily Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of Daily Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 1 contract

Samples: Rules for Explicit Daily Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3234, the Single Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Long Term Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Long Term Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Single Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in the form of relevant Offered Capacities. The Single Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Single Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Long Term Transmission Rights, the Single Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Long Term Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Long Term Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Long Term Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.and

Appears in 1 contract

Samples: Harmonised Allocation Rules for Long Term Transmission Rights

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 32, the Allocation Platform shall determine the Auction results and allocate the Daily Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated Daily Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of Daily Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated Daily Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which sets the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of Daily Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of Daily Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights ~~allocated to individual Registered Participants~~ are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 1 contract

Samples: Rules for Daily Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 32, the Allocation Platform shall determine the Auction results and allocate ~~the~~ Daily Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the ~~following~~following per hour: (a) determination of the total quantity of the allocated Daily Transmission Rights per ~~Bidding Zone border and direction~~direction on ElecLink Interconnector; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per ~~Bidding Zone border and direction~~direction on the ElecLink Interconnector. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at for each ~~Bidding Zone border and~~ direction on the ElecLink Interconnector based on the following criteria: (a) if the total quantity of ~~Cross Zonal~~ Interconnector Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of ~~Cross Zonal~~ Interconnector Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one ~~Bidding Zone border and~~ direction on the ElecLink Interconnector valid Bids with the same Bid Price, that cannot be accepted ~~in full~~ for the total requested quantity of Daily Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated Daily Transmission Rights per Registered Participant as follows: (a) the ~~Cross Zonal~~ Interconnector Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of Daily Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the ~~requested~~ quantity of Daily Transmission Rights requested by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining ~~Cross Zonal~~ Interconnector Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.and

Appears in 1 contract

Samples: Eleclink Day Ahead Allocation Rules

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3234, the Single Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Long Term Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Long Term Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Single Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in the form of relevant Offered Capacities. The Single Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Single Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Long Term Transmission Rights, the Single Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Long Term Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Long Term Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Long Term Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. ~~Whenever~~ Where a Reduction Period is indicated in the ~~calculation set forth~~ Auction Specification for an Auction, the Single Allocation Platform shall determine the Auction Results in accordance with the provisions of paragraphs 3 to 5 of this ~~Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f)~~Article, modified as follows: (a) winning Bids and Marginal Prices for respective Bidding Zone border and direction are determined according to paragraphs 3 to 5 of this Article; (b) for each Reduction Period the ~~Daily~~ quantity of Long Term Transmission Rights to be allocated to individual Registered Participants shall be ~~rounded down~~ calculated on a pro-rata basis taking into account the quantity of Long Term Transmission Rights corresponding to the ~~nearest full MW~~respective winning Bids of each Registered Participant and the respective reduced Offered Capacities. The Single Allocation Platform shall publish on its website clarifications and examples concerning the calculation of the quantity of Long Term Transmission Rights to be allocated to individual Registered Participants in the Reduction Period. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 31 paragraph 1(f), the ~~Daily~~ Long Term Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ Long Term Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The ~~Daily~~ Long Term Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results~~Results and the contestation period is closed in accordance with Article 37. In the event that the Auction was not successfully performed, the fallback procedures as set forth in ~~CHAPTER 6~~ Title 8 shall apply.

Appears in 1 contract

Samples: Harmonised Allocation Rules for Long Term Transmission Rights

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 32, the Allocation Platform shall determine the Auction results and allocate the Daily Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated Daily Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization function of the algorithm on its ~~website~~website in the Information System Rules. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of Daily Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated Daily Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of Daily Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of Daily Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 29 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f1 (f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when the Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 87. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results~~Results and the contestation period is closed in accordance with Article 35, where applicable. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 1 contract

Samples: Rules for Daily Capacity Allocation on Ukrainian Borders

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 32, the Allocation Platform shall determine the Auction results and allocate the Daily Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated Daily Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization ~~function of~~ functionof the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of Daily Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated Daily Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which sets the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of Daily Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of Daily Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 1 contract

Samples: Rules for Daily Explicit Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3234, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Long Term Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Long Term Transmission Rights per ~~Bidding Zone~~ bidding zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per ~~Bidding Zone~~ bidding zone border and direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each ~~Bidding Zone~~ bidding zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one ~~Bidding Zone~~ bidding zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Long Term Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Long Term Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Long Term Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Long Term Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. ~~Whenever~~ Where a Reduction Period is indicated in the ~~calculation set forth~~ Auction Specification for an Auction, the Allocation Platform shall determine the Auction Results in accordance with the provisions of paragraphs 3 to 5 of this ~~Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f)~~Article, modified as follows: (a) winning Bids and Marginal Prices for respective bidding zone border and direction are determined according to paragraphs 3 to 5 of this Article; (b) for each Reduction Period the ~~Daily~~ quantity of Long Term Transmission Rights to be allocated to individual Registered Participants shall be ~~rounded down~~ calculated on a pro-rata basis taking into account the quantity of Long Term Transmission Rights corresponding to the ~~nearest full MW~~respective winning Bids of each Registered Participant and the respective reduced Offered Capacities. The Allocation Platform shall publish on its website clarifications and examples concerning the calculation of the quantity of Long Term Transmission Rights to be allocated to individual Registered Participants in the Reduction Period. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 31 paragraph 1(f), the ~~Daily~~ Long Term Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ Long Term Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The ~~Daily~~ Long Term Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results~~Results and the contestation period is closed in accordance with Article 37. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 8 shall apply.

Appears in 1 contract

Samples: Allocation Rules for Forward Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these ~~Bids;~~Bids;‌ (b) in case the quantity of ~~Daily~~ Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.,

Appears in 1 contract

Samples: Daily Capacity Allocation Agreement

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3233, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Long Term Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Long Term Transmission Rights per ~~Bidding Zone border and~~ direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per ~~Bidding Zone border and~~ direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of ~~relevant~~ Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each ~~Bidding Zone border and~~ direction based on the following criteria: (a) if the total quantity of ~~Cross Zonal~~ Interconnector Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of ~~Cross Zonal~~ Interconnector Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one ~~Bidding Zone border and~~ direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Long Term Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Long Term Transmission Rights per Registered Participant as follows: (a) the ~~Cross Zonal~~ Interconnector Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Long Term Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Long Term Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining ~~Cross Zonal~~ Interconnector Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. ~~Whenever~~ Where a Reduction Period is indicated in the ~~calculation set forth~~ Auction Specification for an Auction, the Allocation Platform shall determine the Auction results in accordance with the provisions of paragraphs 3 to 5 of this ~~Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f)~~Article, modified as follows: (a) winning Bids and Marginal Prices for respective directions are determined according to paragraphs 3 to 5 of this Article; (b) for each Reduction Period the ~~Daily~~ quantity of Long Term Transmission Rights to be allocated to individual Registered Participants shall be ~~rounded down~~ calculated on a pro-rata basis taking into account the quantity of Long Term Transmission Rights corresponding to the ~~nearest full MW~~respective winning Bids of each Registered Participant and the respective reduced Offered Capacities. The Allocation Platform shall publish on its website clarifications and examples concerning the calculation of the quantity of Long Term Transmission Rights to be allocated to individual Registered Participants in the Reduction Period. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 30 paragraph 1(f), the ~~Daily~~ Long Term Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ Long Term Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The ~~Daily~~ Long Term Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results~~results and the contestation period is closed in accordance with Article 36. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 8 shall apply. 9. Registered Participants acknowledge and accept that their Bids may be partially accepted according to the methodology above.

Appears in 1 contract

Samples: Long Term Allocation Rules

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: ~~(a)~~ a. determination of the total quantity of the allocated ~~Daily~~ Transmission Rights per ~~Bidding Zone border and~~ direction; ~~(b)~~ b. identification of winning Bids to be fully or partially satisfied; and ~~(c)~~ c. determination of the Marginal Price per ~~Bidding Zone border and~~ direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price ~~at each Bidding Zone border and~~ per direction based on the following criteria: ~~(a)~~ a. if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; ~~(b)~~ b. if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one ~~Bidding Zone border and~~ direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Transmission Rights per Registered Participant as follows: ~~(a)~~ a. the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; ~~(b)~~ b. in case the quantity of ~~Daily~~ Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; ~~(c)~~ c. in case the requested quantity of ~~Daily~~ Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; ~~(d)~~ d. any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 27 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ the Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 87. The ~~Daily~~ Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results~~Results and the contestation period is closed in accordance with Article 34. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 1 contract

Samples: Rules for Daily Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate ~~the Daily~~ Intraday Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the ~~following~~following per hour: ~~(a)~~ a. determination of the total quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Bidding Zone border and direction; ~~(b)~~ b. identification of winning Bids to be fully or partially satisfied; and ~~(c)~~ c. determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: ~~(a)~~ a. if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; ~~(b)~~ b. if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted ~~in full~~ for the total requested quantity of ~~Daily~~ Intraday Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Registered Participant as follows: ~~(a)~~ a. the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided ~~equally between~~ by the number of the Registered Participants which submitted these Bids; ~~(b)~~ b. in case the quantity of ~~Daily~~ Intraday Transmission Rights requested by a Registered Participant at Marginal Price is lower ~~than~~ or equal to than the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; ~~(c)~~ c. in case the requested quantity of ~~Daily~~ Intraday Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; ~~(d)~~ d. any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.and

Appears in 1 contract

Samples: Rules for Intraday Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 32, the Allocation Platform shall determine the Auction results and allocate the Daily Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated Daily Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish ~~additional explanatory information on~~ additionalexplanatory informationon the optimization ~~function of~~ functionof the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of Daily Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated Daily Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which sets the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of Daily Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of Daily Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 1 contract

Samples: Rules for Explicit Daily Capacity Allocation

Auction Results Determination. ‌ 1. After the expiration of the ~~Bidding Period~~ bidding period for an ~~Auction~~ auction and the ~~Credit Limit~~ credit limit verification pursuant to Article 3231, the ~~Allocation Platform~~ allocation platform shall determine the ~~Auction~~ auction results and allocate the ~~Daily Transmission Rights~~ transmission rights in accordance with this Article. 2. The ~~Auction~~ auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily Transmission Rights~~ transmission rights per ~~Bidding Zone border and direction~~oriented bidding zone border; (b) identification of winning ~~Bids~~ bids to be fully or partially satisfied; and (c) determination of the ~~Marginal Price~~ marginal price per ~~Bidding Zone border and direction~~oriented bidding zone border. 3. The ~~Allocation Platform~~ allocation platform shall determine the ~~Auction~~ auction results using an optimization function aiming at maximization of the sum of the ~~Registered Participants~~registered participants’ surplus and the Congestion Income generated by the winning ~~Bids~~ bids while respecting the constraints of the optimization function in form of relevant ~~Offered Capacities~~offered capacities. The ~~Allocation Platform~~ allocation platform shall publish additional explanatory information on the optimization function of the algorithm on its website. 4. The ~~Allocation Platform~~ allocation platform shall determine the ~~Marginal Price~~ marginal price at each ~~Bidding Zone~~ oriented bidding zone border ~~and direction~~ based on the following criteria: (a) if the total quantity of ~~Cross Zonal Capacity~~ cross zonal capacity for which valid ~~Bids~~ bids have been submitted is lower than or equal to the relevant ~~Offered Capacity~~ offered capacity for the relevant ~~Auction~~auction, then the ~~Marginal Price~~ marginal price shall be zero; (b) if the total quantity of ~~Cross Zonal Capacity~~ cross zonal capacity for which valid ~~Bids~~ bids have been submitted exceeds the relevant ~~Offered Capacity~~ offered capacity for the relevant ~~Auction~~auction, the ~~Marginal Price~~ marginal price shall be set at the lowest ~~Bid(s~~bid(s) ~~Price(s~~price(s) allocated in full or in part using the respective ~~Offered Capacities~~offered capacities. 5. If two (2) or more ~~Registered Participants~~ registered participants have submitted for one ~~Bidding Zone~~ oriented bidding zone border ~~and direction~~ valid ~~Bids~~ bids with the same ~~Bid Price~~bid price, that cannot be accepted in full for the total requested quantity of ~~Daily Transmission Rights~~transmission rights, the ~~Allocation Platform~~ allocation platform shall determine the winning ~~Bids~~ bids and the quantity of the allocated ~~Daily Transmission Rights~~ transmission rights per ~~Registered Participant~~ registered participant as follows: (a) the ~~Cross Zonal Capacity~~ cross zonal capacity available for the ~~Bids~~ bids which ~~sets~~ set the ~~Marginal Price~~ marginal price shall be divided equally between the number of the ~~Registered Participants~~ registered participants which submitted these ~~Bids~~bids; (b) in case the quantity of ~~Daily Transmission Rights~~ transmission rights requested by a ~~Registered Participant~~ registered participant at ~~Marginal Price~~ marginal price is lower than or equal to the share calculated according to ~~item~~ item (a) above, the request of this ~~Registered Participant~~ registered participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily Transmission Rights~~ transmission rights by a ~~Registered Participant~~ registered participant at ~~Marginal Price~~ marginal price exceeds the share calculated according to item (a) above, the request of this ~~Registered Participant~~ registered participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining ~~Cross Zonal Capacity~~ cross zonal capacity after the allocation according to items (b) and (c) shall be divided by the number of the ~~Registered Participants~~ registered participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 27 paragraph ~~1(f~~1(e), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights transmission rights shall be rounded down to the nearest full MW. The case when ~~Daily Transmission Rights~~ the transmission rights allocated to individual ~~Registered Participants~~ registered participants are equal to zero after rounding shall not impact the ~~Marginal Price~~ marginal price determination. 87. The ~~Daily Transmission Rights~~ transmission rights are deemed to have been allocated to a ~~Registered Participant~~ registered participant from the moment the ~~Registered Participant~~ registered participant has been informed of the ~~results~~results and the contestation period is closed in accordance with Article 34. In the event that the ~~Auction~~ auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 1 contract

Samples: Rules for Daily Capacity Allocation on Swiss Borders

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.,

Appears in 1 contract

Samples: Daily Capacity Allocation Agreement

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3234, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Long Term Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: ~~(a)~~ a. determination of the total quantity of the allocated ~~Daily~~ Long Term Transmission Rights per ~~Bidding Zone~~ bidding zone border and direction; ~~(b)~~ b. identification of winning Bids to be fully or partially satisfied; and ~~(c)~~ c. determination of the Marginal Price per ~~Bidding Zone~~ bidding zone border and direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each ~~Bidding Zone~~ bidding zone border and direction based on the following criteria: ~~(a)~~ a. if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; ~~(b)~~ b. if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one ~~Bidding Zone~~ bidding zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Long Term Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Long Term Transmission Rights per Registered Participant as follows: ~~(a)~~ a. the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; ~~(b)~~ b. in case the quantity of ~~Daily~~ Long Term Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; ~~(c)~~ c. in case the requested quantity of ~~Daily~~ Long Term Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; ~~(d)~~ d. any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. ~~Whenever~~ Where a Reduction Period is indicated in the ~~calculation set forth~~ Auction Specification for an Auction, the Allocation Platform shall determine the Auction Results in accordance with the provisions of paragraphs 3 to 5 of this ~~Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f)~~Article, modified as follows: a. winning Bids and Marginal Prices for respective bidding zone border and direction are determined according to paragraphs 3 to 5 of this Article; b. for each Reduction Period the ~~Daily~~ quantity of Long Term Transmission Rights to be allocated to individual Registered Participants shall be ~~rounded down~~ calculated on a pro-rata basis taking into account the quantity of Long Term Transmission Rights corresponding to the ~~nearest full MW~~respective winning Bids of each Registered Participant and the respective reduced Offered Capacities. The Allocation Platform shall publish on its website clarifications and examples concerning the calculation of the quantity of Long Term Transmission Rights to be allocated to individual Registered Participants in the Reduction Period. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 31 paragraph 1(f), the ~~Daily~~ Long Term Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ Long Term Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The ~~Daily~~ Long Term Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results~~Results and the contestation period is closed in accordance with Article 37. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 8 shall apply.

Appears in 1 contract

Samples: Rules for Forward Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 32, the Allocation Platform shall determine the Auction results and allocate the Daily Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated Daily Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of Daily Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated Daily Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which sets the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of Daily Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of Daily Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 1 contract

Samples: Rules for Daily Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate ~~the Daily~~ Intraday Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the ~~following~~following per hour: (a) determination of the total quantity of the allocated ~~Daily~~ Intraday Transmission Rights per ~~Bidding Zone border and~~ direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per ~~Bidding Zone border and~~ direction. 3. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 54. If two (2) or more Registered Participants have submitted for one ~~Bidding Zone border and~~ direction valid Bids with the same Bid Price, that cannot be accepted ~~in full~~ for the total requested quantity of ~~Daily~~ Intraday Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided ~~equally between~~ by the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Intraday Transmission Rights requested by a Registered Participant at Marginal Price is lower ~~than~~ or equal to than the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Intraday Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 65. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a ~~whole~~ full MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Intraday Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ the Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 86. The ~~Daily~~ Intraday Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply~~Results.

Appears in 1 contract

Samples: Access Rules for Intraday Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate ~~the Daily~~ Intraday Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the ~~following~~following per hour: (a) determination of the total quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted ~~in full~~ for the total requested quantity of ~~Daily~~ Intraday Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided ~~equally between~~ by the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Intraday Transmission Rights requested by a Registered Participant at Marginal Price is lower ~~than~~ or equal to than the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Intraday Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a ~~whole~~ full MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Intraday Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ the Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply.

Appears in 1 contract

Samples: Allocation Rules for Intraday Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate ~~the Daily~~ Intraday Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the ~~following~~following per hour: (a) determination of the total quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted ~~in full~~ for the total requested quantity of ~~Daily~~ Intraday Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided ~~equally between~~ by the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Intraday Transmission Rights requested by a Registered Participant at Marginal Price is lower ~~than~~ or equal to than the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Intraday Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a ~~whole~~ full MW amount in accordance with Article 28 paragraph 1(f), the ~~Daily~~ Intraday Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. The ~~case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The Daily~~ Intraday Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results. In~~ Results and the ~~event that the Auction was not successfully performed, the fallback procedures as set forth~~ contestation period is closed in ~~CHAPTER 6 shall apply~~accordance with Article 34.

Appears in 1 contract

Samples: Allocation Rules for Intraday Capacity Allocation

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3234, the Allocation Platform shall determine the Auction results and allocate the ~~Daily~~ Long Term Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the following: (a) determination of the total quantity of the allocated ~~Daily~~ Long Term Transmission Rights per ~~Bidding Zone border and~~ direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per ~~Bidding Zone border and~~ direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of ~~relevant~~ Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each ~~Bidding Zone border and~~ direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the ~~relevant~~ Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the ~~relevant~~ Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one ~~Bidding Zone border and~~ direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of ~~Daily~~ Long Term Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Long Term Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Long Term Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Long Term Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. ~~Whenever~~ Where a Reduction Period is indicated in the ~~calculation set forth~~ Auction Specification for an Auction, the Allocation Platform shall determine the Auction Results in accordance with the provisions of paragraphs 3 to 5 of this ~~Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f)~~Article, modified as follows: (a) winning Bids and Marginal Prices for respective directions are determined according to paragraphs 3 to 5 of this Article; (b) for each Reduction Period the ~~Daily~~ quantity of Long Term Transmission Rights to be allocated to individual Registered Participants shall be ~~rounded down~~ calculated on a pro-rata basis taking into account the quantity of Long Term Transmission Rights corresponding to the ~~nearest full MW~~respective winning Bids of each Registered Participant and the respective reduced Offered Capacities. The Allocation Platform shall publish on its website clarifications and examples concerning the calculation of the quantity of Long Term Transmission Rights to be allocated to individual Registered Participants in the Reduction Period. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 31 paragraph 1(f), the ~~Daily~~ Long Term Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ Long Term Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 8. The ~~Daily~~ Long Term Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results~~Results and the contestation period is closed in accordance with Article 37. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 8 shall apply.

Appears in 1 contract

Samples: Access Rules

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate ~~the Daily~~ Intraday Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the ~~following~~following per hour: (a) determination of the total quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Bidding Zone border and direction; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per Bidding Zone border and direction. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ ~~surplus~~ Surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: (a) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted ~~in full~~ for the total requested quantity of ~~Daily~~ Intraday Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Registered Participant as follows: (a) the Cross Zonal Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided ~~equally between~~ by the number of the Registered Participants which submitted these Bids; (b) in case the quantity of ~~Daily~~ Intraday Transmission Rights requested by a Registered Participant at Marginal Price is lower ~~than~~ or equal to than the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the requested quantity of ~~Daily~~ Intraday Transmission Rights by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining Cross Zonal Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a ~~whole~~ full MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Intraday Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ the Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 87. The ~~Daily~~ Intraday Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results. In the event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply~~Results.

Appears in 1 contract

Samples: Iem Intraday Capacity Allocation Rules

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 3231, the Allocation Platform shall determine the Auction results and allocate ~~the Daily~~ Intraday Transmission Rights in accordance with this Article. 2. The Auction results determination shall include the ~~following~~following per hour: (a) determination of the total quantity of the allocated ~~Daily~~ Intraday Transmission Rights per ~~Bidding Zone border and direction~~direction on the ElecLink Interconnector; (b) identification of winning Bids to be fully or partially satisfied; and (c) determination of the Marginal Price per ~~Bidding Zone border and direction~~direction on the ElecLink Interconnector. 3. The Allocation Platform shall determine the Auction results using an ~~optimization~~ optimisation function aiming at ~~maximization~~ maximisation of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the ~~optimization~~ optimisation function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the ~~optimization~~ optimisation function of the algorithm on its website. 4. The Allocation Platform shall determine the Marginal Price at for each ~~Bidding Zone border and~~ direction on the ElecLink Interconnector based on the following criteria: (a) if the total quantity of ~~Cross Zonal~~ Interconnector Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; (b) if the total quantity of ~~Cross Zonal~~ Interconnector Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. 5. If two (2) or more Registered Participants have submitted for one ~~Bidding Zone border and~~ direction valid Bids with the same Bid Price, that cannot be accepted ~~in full~~ for the total requested quantity of ~~Daily~~ Intraday Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated ~~Daily~~ Intraday Transmission Rights per Registered Participant as follows: (a) the ~~Cross Zonal~~ Interconnector Capacity available for the Bids which ~~sets~~ set the Marginal Price shall be divided equally ~~between~~ by the number of the Registered Participants which submitted these ~~Bids;~~Bids;‌ (b) in case the quantity of ~~Daily~~ Intraday Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; (c) in case the ~~requested~~ quantity of ~~Daily~~ Intraday Transmission Rights requested by a Registered Participant at Marginal Price exceeds the share calculated according to item (a) above, the request of this Registered Participant shall be satisfied up to the amount of the share as calculated according to item (a) above; (d) any remaining ~~Cross Zonal~~ Interconnector Capacity after the allocation according to items (b) and (c) shall be divided by the number of the Registered Participants whose requests have not been fully satisfied and allocated to them applying the process described in items (a), (b) and (c) above. 6. Whenever the calculation set forth in paragraphs 3 to 5 of this Article does not result in a ~~whole~~ full MW amount in accordance with Article 28 paragraph 1(f), the Daily Transmission Rights shall be rounded down to the nearest full MW. 7. Whenever the calculation set forth in paragraphs 3 to 6 of this Article does not result in a whole MW amount in accordance with Article 28 paragraph 1(f), the Daily Intraday Transmission Rights shall be rounded down to the nearest full MW. The case when ~~Daily~~ the Intraday Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination. 87. The ~~Daily~~ Intraday Transmission Rights are deemed to have been allocated to a Registered Participant from the moment the Registered Participant has been informed of the ~~results~~Auction results and the contestation period is closed in accordance with Article 34. 8. In Registered Participants acknowledge and accept that their Bids may be partially accepted according to the ~~event that the Auction was not successfully performed, the fallback procedures as set forth in CHAPTER 6 shall apply~~methodology above.

Appears in 1 contract

Samples: Eleclink Intraday Allocation Rules

Common use of Auction Results Determination Clause in Contracts