Fallback Auction. 1. In case a Fallback Auction takes place due to the reasons listed in Article 39, paragraph 1, the Allocation Platform will generate Rights Documents using Auction results determined within the last simulation of the Auction carried out according to paragraph 3 of this Article before the technical problems occurred, if necessary reduced according to paragraph 5 of this Article. 2. The Allocation Platform shall inform all Registered Participants, of the application of Fallback Auction by notification published in the Auction Tool and/or on the website of the Allocation Platform and/or by email as soon as possible and no later than at 10:15 a.m. on day preceding the delivery day. 3. The Allocation Platform shall simulate the Auction between 08:00 a.m. and 09:00 a.m. of the day preceding the delivery day. In this simulation of the Auction Allocation Platform will use the latest available default Bids for Fallback Auction together with the latest available information on the Offered Capacity. 4. In the simulation of the Auction according to paragraph 2 above the Credit Limit of the Registered Participant will be taken into consideration. However, contrary to Article 21 and Article 32 the potential outstanding payment obligations resulting from Fallback Auction will be considered for Credit Limit assessment only if the results of the Fallback Auction are published. 5. In case that the Offered Capacity for an earlier day than the delivery day is used in the Auction simulation set forth in paragraph 2 of this Article and there is a decrease of the Offered Capacity for the delivery day Daily Transmission Rights generated according to the Auction simulation will be reduced pro rata by the difference between the Offered Capacity used in the Auction simulation and the Offered Capacity for delivery day in order to avoid exceeding the Offered Capacity for delivery day. In case of an increase the Offered Capacity for delivery day the Daily Transmission Rights generated according to the Auction simulation remain unchanged. 6. The Daily Transmission Rights allocated according to the Auction simulation set forth in paragraphs 3 and 4 of this Article and, if necessary, reduced according to paragraph 5 of this Article will be published and notified according to Article 34
Appears in 11 contracts
Samples: Capacity Allocation Rules, Capacity Allocation Rules, Capacity Allocation Agreement
Fallback Auction. 1. In case a Fallback If it is technically not possible to hold an Auction takes place due to following the reasons listed process set forth in Article 39, paragraph 1CHAPTER 4, the Allocation Platform will generate Rights Documents using Auction results determined within the last simulation of the Auction carried out according to paragraph 3 of this Article before the technical problems occurred, if necessary reduced according to paragraph 5 of this Article.
2. The Allocation Platform shall inform all Registered Participants, of the application of Fallback Auction by notification published in the Auction Tool and/or on the website of the Allocation Platform and/or by email as soon as possible and no later than at 10:15 a.m. on day preceding the delivery day.
3. The Allocation Platform shall simulate the Auction between 08:00 a.m. and 09:00 a.m. of the day preceding the delivery day. In this simulation of the Auction Allocation Platform will use the latest available default Bids for Fallback Auction together with the latest available information on the Offered Capacity.
4. In the simulation of the Auction according to paragraph 2 above the Credit Limit of the Registered Participant will be taken into consideration. However, contrary to Article 21 and Article 32 the potential outstanding payment obligations resulting from Fallback Auction will be considered for Credit Limit assessment only if the results of the Fallback Auction are published.
5. In case that the Offered Capacity for an earlier day than the delivery day is used in the Auction simulation set forth in paragraph 2 of this Article and there is a decrease of the Offered Capacity for the delivery day Daily Transmission Rights generated according to the Auction simulation will be reduced pro rata by the difference between the Offered Capacity used in the Auction simulation and the Offered Capacity for delivery day in order to avoid exceeding the Offered Capacity for delivery day. In case of an increase the Offered Capacity for delivery day the Daily Transmission Rights generated according to the Auction simulation remain unchanged.
6. The Daily Transmission Rights allocated according to the Auction simulation set forth in paragraphs 3 and 4 of this Article and, if necessary, reduced according to paragraph 5 of this Article will be published and notified according to Article 34
Appears in 2 contracts
Samples: Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation
Fallback Auction. 1. In case a Fallback Auction takes place due to the reasons listed in Article 39, paragraph 1, the Allocation Platform will generate Rights Documents using Auction results determined within the last simulation of the Auction carried out according to paragraph 3 of this Article before the technical problems occurred, if necessary reduced according to paragraph 5 of this Article.
21. The Allocation Platform shall inform all Registered Participants, of the application of Fallback Auction by notification published in the Auction Tool and/or on the website of the Allocation Platform and/or by email as soon as possible and no later than at 10:15 a.m. on day preceding the delivery day.
32. The Allocation Platform shall simulate the Auction between 08:00 a.m. and 09:00 a.m. of the day preceding the delivery day. In this simulation of the Auction Allocation Platform will use the latest available default Bids for Fallback Auction together with the latest available information on the Offered Capacity.
43. In the simulation of the Auction according to paragraph 2 above the Credit Limit of the Registered Participant will be taken into consideration. However, contrary to Article 21 and Article 32 the potential outstanding payment obligations resulting from Fallback Auction will be considered for Credit Limit assessment only if the results of the Fallback Auction are published.
54. In case that the Offered Capacity for an earlier day than the delivery day is used in the Auction simulation set forth in paragraph 2 of this Article and there is a decrease of the Offered Capacity for the delivery day Daily Transmission Rights generated according to the Auction simulation will be reduced pro rata by the difference between the Offered Capacity used in the Auction simulation and the Offered Capacity for delivery day in order to avoid exceeding the Offered Capacity for delivery day. In case of an increase the Offered Capacity for delivery day the Daily Transmission Rights generated according to the Auction simulation remain unchanged.
65. The Daily Transmission Rights allocated according to the Auction simulation set forth in paragraphs 3 and 4 of this Article and, if necessary, reduced according to paragraph 5 of this Article will be published and notified according to Article 34
Appears in 1 contract
Samples: Rules for Daily Capacity Allocation
Fallback Auction. 1. In case a Fallback Auction takes place due to the reasons listed in Article 39, paragraph 1, the Allocation Platform will generate Rights Documents using Auction results determined within the last simulation of the Auction carried out according to paragraph 3 of this Article before the technical problems occurred, if necessary reduced according to paragraph 5 of this Article.
21. The Allocation Platform shall inform all Registered Participants, of the application of Fallback Auction by notification published in the Auction Tool and/or on the website of the Allocation Platform and/or by email as soon as possible and no later than at 10:15 a.m. on day preceding the delivery day.
32. The Allocation Platform shall simulate the Auction between 08:00 a.m. and 09:00 a.m. of the day preceding the delivery day. In this simulation of the Auction Allocation Platform will use the latest available default Bids for Fallback Auction together with the latest available information on the Offered Capacity.
43. In the simulation of the Auction according to paragraph 2 above the Credit Limit of the Registered Participant will be taken into consideration. However, contrary to Article 21 and Article 32 the potential outstanding payment obligations resulting from Fallback Auction will be considered for Credit Limit assessment only if the results of the Fallback Auction are published.
54. In case that the Offered Capacity for an earlier day than the delivery day is used in the Auction simulation set forth in paragraph 2 of this Article and there is a decrease of the Offered Capacity for the delivery day Daily Transmission Rights generated according to the Auction simulation will be reduced pro rata by the difference between the Offered Capacity used in the Auction simulation and the Offered Capacity for delivery day in order to avoid exceeding the Offered Capacity for delivery day. In case of an increase the Offered Capacity for delivery day the Daily Transmission Rights generated according to the Auction simulation remain unchanged.
65. The Daily Transmission Rights allocated according to the Auction simulation set forth in paragraphs 3 and 4 of this Article and, if necessary, reduced according to paragraph 5 of this Article will be published and notified according to Article 34
Appears in 1 contract
Fallback Auction. 1. In case a Fallback If it is technically not possible to hold an Auction takes place due to following the reasons listed process set forth in Article 39, paragraph 1CHAPTER 4, the Allocation Platform will may generate Rights Documents Document using Auction results determined within the last simulation of the Auction carried out according to paragraph 3 of this Article before the technical problems occurred, if necessary reduced according to paragraph 5 of this Article.
2. The Allocation Platform shall inform all Registered Participants, of the application of Fallback Auction by notification published in the Auction Tool and/or on the website webpage of the Allocation Platform and/or by email as soon as possible and e-mail no later than at 10:15 a.m. on day preceding the delivery deliver day.
3. The Allocation Platform shall simulate the Auction between 08:00 a.m. and 09:00 a.m. of the day preceding the delivery day. In this simulation of the Auction the Allocation Platform will use the latest available default Bids for Fallback Auction together with the latest available information on the Offered Capacity.
4. In the simulation of the Auction according to paragraph 2 above the Credit Limit of the Registered Participant will be taken into consideration. However, contrary to Article Articles 21 and Article 32 the potential outstanding payment obligations resulting from Fallback Auction will be considered for Credit Limit assessment only if the results of the Fallback Auction are published.
5. In case that the Offered Capacity for an earlier day than the delivery day is used in the Auction simulation set forth in paragraph 2 of this Article and there is a decrease of the Offered Capacity for the delivery day The Daily Transmission Rights generated according to the Auction simulation will be reduced pro rata by the difference between the Offered Capacity used in the Auction simulation and the Offered Capacity for delivery day in order to avoid exceeding the Offered Capacity for delivery day. In case of an increase the Offered Capacity for delivery day the Daily Transmission Rights generated according to the Auction simulation remain unchanged.
6. The Daily Transmission Rights allocated according to the Auction simulation set forth in paragraphs 3 and 4 of this Article and, if necessary, reduced according to paragraph 5 of this Article will be published and notified according to Article 3434 paragraph 2 by 10:15 a.m. on day preceding the day of delivery. Information according to Article 34 paragraph 3 will be notified in accordance with Article 40 paragraph 2. Article 35 applies as well.
6. If new default Bids cannot be uploaded and if the Auction cannot be carried out according to CHAPTER 4 because the technical problems continue, the Allocation Platform shall continue to generate Daily Transmission Rights according paragraphs 2 to 6 of this Article based on the results of the last available simulation of the Auction from before the technical problems initially occurred. The Allocation Platform will inform the Registered Participant of the necessity to carry out a consecutive Fallback Auction without undue delay. The Registered Participant has to inform the Allocation Platform by e-mail between 11:00 a.m. and 05:00 p.m. on the same day, when the Allocation Platform informs about the consecutive Fallback Auction, if he does not want to receive Daily Transmission Rights in the consecutive Fallback Auction of the following day. Daily Transmission Rights will only be allocated to the Registered Participant in the consecutive Fallback Auction if he has sufficient Credit Limit.
Appears in 1 contract
Samples: Eleclink Day Ahead Allocation Rules
Fallback Auction.
1. In case a Fallback Auction takes place due to the reasons listed in Article 39, paragraph 1, the Allocation Platform will generate Rights Documents using Auction results determined within the last simulation of the Auction carried out according to paragraph 3 of this Article before the technical problems occurred, if necessary reduced according to paragraph 5 of this Article.
2. The Allocation Platform shall inform all Registered Participants, of the application of Fallback Auction by notification published in the Auction Tool and/or on the website of the Allocation Platform and/or by email as soon as possible and no later than at 10:15 a.m. on day preceding the delivery day.
3. The Allocation Platform shall simulate the Auction between 08:00 a.m. and 09:00 a.m. of the day preceding the delivery day. In this simulation of the Auction Allocation Platform will use the latest available default Bids for Fallback Auction together with the latest available information on the Offered Capacity.
4. In the simulation of the Auction according to paragraph 2 above the Credit Limit of the Registered Participant will be taken into consideration. However, contrary to Article 21 and Article 32 the potential outstanding payment obligations resulting from Fallback Auction will be considered for Credit Limit assessment only if the results of the Fallback Auction are published.
5. In case that the Offered Capacity for an earlier day than the delivery day is used in the Auction simulation set forth in paragraph 2 of this Article and there is a decrease of the Offered Capacity for the delivery day Daily Transmission Rights generated according to the Auction simulation will be reduced pro rata by the difference between the Offered Capacity used in the Auction simulation and the Offered Capacity for delivery day in order to avoid exceeding the Offered Capacity for delivery day. In case of an increase the Offered Capacity for delivery day the Daily Transmission Rights generated according to the Auction simulation remain unchanged.
6. The Daily Transmission Rights allocated according to the Auction simulation set forth in paragraphs 3 and 4 of this Article and, if necessary, reduced according to paragraph 5 of this Article will be published and notified according to Article 34
Appears in 1 contract
Fallback Auction.
1. In case a Fallback Auction takes place due to the reasons listed in Article 39, paragraph 1, the Allocation Platform will generate Rights Documents using Auction results determined within the last simulation of the Auction carried out according to paragraph 3 of this Article before the technical problems occurred, if necessary reduced according to paragraph 5 of this Article.
2. The Allocation Platform shall inform all Registered Participants, of the application of Fallback Auction by notification published in the Auction Tool and/or on the website of the Allocation Platform and/or by email as soon as possible and no later than at 10:15 a.m. on day preceding the delivery day.
32. The Allocation Platform shall simulate the Auction between 08:00 a.m. and 09:00 a.m. of the day preceding the delivery day. In this simulation of the Auction Allocation Platform will use the latest available default Bids for Fallback Auction together with the latest available information on the Offered Capacity.
43. In the simulation of the Auction according to paragraph 2 above the Credit Limit of the Registered Participant will be taken into consideration. However, contrary to Article 21 and Article 32 the potential outstanding payment obligations resulting from Fallback Auction will be considered for Credit Limit assessment only if the results of the Fallback Auction are published.
54. In case that the Offered Capacity for an earlier day than the delivery day is used in the Auction simulation set forth in paragraph 2 of this Article and there is a decrease of the Offered Capacity for the delivery day Daily Transmission Rights generated according to the Auction simulation will be reduced pro rata by the difference between the Offered Capacity used in the Auction simulation and the Offered Capacity for delivery day in order to avoid exceeding the Offered Capacity for delivery day. In case of an increase the Offered Capacity for delivery day the Daily Transmission Rights generated according to the Auction simulation remain unchanged.
65. The Daily Transmission Rights allocated according to the Auction simulation set forth in paragraphs 3 and 4 of this Article and, if necessary, reduced according to paragraph 5 of this Article will be published and notified according to Article 34
Appears in 1 contract
