Common use of Fallback Auction Clause in Contracts

Fallback Auction. 1. If the Allocation Platform, after publishing the Auction Specification, is unable to hold Shadow Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 14:10 p.m. on the day preceding the delivery day. 2. In case of Fallback Auction, only the Default Bids for Fallback Auction, in line with Article 31, will be taken into account. If default Bid Quantity or a quantity calculated as a sum of the Bid Quantities for several default Bids submitted for the same Shadow Auction by the Registered Participant exceeds the final Offered Capacity, Bid Quantity will be decreased to be equal to the Offered Capacity. 3. The Offered Capacity is split in proportional shares between the Registered Participants. 4. Marginal price of the Daily Transmission Rights is 0 €/MWh. Value of the Daily Transmission Rights will be rounded down to the nearest to the nearest full MW. 5. Registered Participants will be informed about the results by 14:20 p.m, on D-1.

Fallback Auction. 1. If the Allocation Platform, after publishing the Auction Specification, is unable to hold Shadow Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 14:10 13:30 p.m. on the day preceding the delivery day. 2. In case of Fallback Auction, only the Default Bids for Fallback Auction, in line with Article 31, will be taken into account. If default Bid Quantity or a quantity calculated as a sum of the Bid Quantities for several default Bids submitted for the same Shadow Auction by the Registered Participant exceeds the final Offered Capacity, Bid Quantity will be decreased to be equal to the Offered Capacity. 3. The Offered Capacity is split in proportional shares between the Registered Participants. 4. Marginal price of the Daily Transmission Rights is 0 €/MWh. Value of the Daily Transmission Rights will be rounded down to the nearest to the nearest full MW. 5. Registered Participants will be informed about the results by 14:20 p.m13:40, on D-1.

Fallback Auction. 1. If the Allocation Platform, after publishing the Auction Specification, is unable to hold Shadow Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 14:10 p.m. on the day preceding the delivery day. 2. In case of Fallback Auction, only the Default Bids for Fallback Auction, in line with Article 31, will be taken into account. If default Bid Quantity or a quantity calculated as a sum of the Bid Quantities for several default Bids submitted for the same Shadow Auction by the Registered Participant exceeds the final Offered Capacity, Bid Quantity will be decreased to be equal to the Offered Capacity. 3. The Offered Capacity is split in proportional shares between the Registered Participants. 4. Marginal price of the Daily Transmission Rights is 0 €/MWh. Value of the Daily Transmission Rights will be rounded down to the nearest to the nearest full MW. 5. Registered Participants will be informed about the results by 14:20 p.m14:20, on D-1.

Fallback Auction. 1. If the Allocation Platform, after publishing the Auction Specification, is unable to hold Shadow Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 14:10 p.m. 10:15 a.m. on the day preceding the delivery day. 2. In case of Fallback Auction, only the Default Bids for Fallback Auction, in line with Article 31, will be taken into accountaccount in the daily Auction Process. If default Bid Quantity or a quantity calculated as a sum of the Bid Quantities for several default Bids submitted for the same Shadow Auction by the Registered Participant exceeds the final Offered Capacity, Bid Quantity will be decreased to be equal to the Offered Capacity. 3. The Offered Capacity is split in proportional shares between the Registered Participants. 4. Marginal price of the Daily Transmission Rights is 0 €/MWh. Value of the Daily Transmission Rights will be rounded down to the nearest to the nearest full MW. 5. Registered Participants will be informed about the results by 14:20 p.m10:45 a.m., on D-1.