General provisions for Auctions Sample Clauses

General provisions for Auctions. 1. The Allocation Platform shall allocate Transmission Rights to Registered Participants by way of Explicit Allocation. Prior to the Auction, the Allocation Platform shall publish Auction Specifications on its website. 2. The Auctions shall be organized via the Auction Tool. Each Registered Participant fulfilling the requirements for participating in the Auction may place Bids in the Auction Tool until the relevant deadline for placing Bids in the specific Auction expires according to the respective Auction Specification. 3. After the relevant deadline for placing Bids in the specific Auction has expired, the Allocation Platform shall evaluate the Bids including against the respective Credit Limits of the Registered Participants. The results of the Auction will be notified to Registered Participants via the Auction Tool. Pre-Bidding is possible as soon as the Auction is created in the Auction Tool.
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General provisions for Auctions. 1. The Allocation Platform shall allocate Long Term Transmission Rights to Registered Participants by way of Explicit Allocation. Prior to the Auction the Allocation Platform shall publish Auction Specifications on its website. 2. The Auctions shall be organised via the Auction Tool. Each Registered Participant fulfilling the requirements for participating in the Auction may place Bids in the Auction Tool until the relevant deadline for placing Bids in the specific Auction expires according to the respective Auction Specification. 3. After the relevant deadline for placing Bids in the specific Auction has expired, the Allocation Platform shall evaluate the Bids including against the respective Credit Limits of the Registered Participants.. The results of the Auction will be notified to Registered Participants via the Auction Tool. 4. The Allocation Platform shall provide information on forthcoming Auctions by publishing on its website a provisional Auction calendar with the dates of Auctions reasonably in advance before the Auctions take place. For standard Forward Capacity Allocation timeframes specified in Article 28 (1) a provisional Auction calendar for each calendar year shall be published no later than 1 December of the year preceeding including provisional information on the form of the product, Product Period and Bidding Period.
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General provisions for Auctions. 1. The Allocation Platform shall allocate Daily Transmission Rights to Registered Participants by way of Explicit Allocation. Prior to the Auction the Allocation Platform shall publish Auction Specifications on its website. 2. The Auctions shall be organized via the Auction Tool. Each Registered Participant fulfilling the requirements for participating in the Auction may place Bids in the Auction Tool until the relevant deadline for placing Bids in the specific Auction expires according to the respective Auction Specification. Possibility to place Pre-bids, i.e. Pre-bidding Period, opens regularly as soon as the Auction is created in the Auction Tool. 3. After the relevant deadline for placing Bids in the specific Auction has expired, the Allocation Platform shall evaluate the Bids including against the respective Credit Limits of the Registered Participants. The results of the Auction will be notified to Registered Participants via the Auction Tool.
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General provisions for Auctions. 1. The Allocation Platform shall allocate Intraday Transmission Rights to Registered Participants by way of Explicit Allocation comprising a single round. Prior to the Auction the Allocation Platform shall publish Auction Specifications on its website. 2. The Auctions shall be organised via the Auction Tool. Each Registered Participant fulfilling the requirements for participating in the Auction may place Bids in the Auction Tool until the relevant deadline for placing Bids in the specific Auction expires according to the respective Auction Specification published on the website. 3. After the relevant deadline for placing Bids in the specific Auction has expired, the Allocation Platform shall evaluate the Bids against the respective Credit Limits of the Registered Participants. The results of the Auction will be notified to the Registered Participant via the Auction Tool. Pre-Bidding is possible as soon as the Auction is created in the Auction Tool.
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General provisions for Auctions. 1. The Allocation Platform will use the following procedures for Auctions: a. Auctions for Daily Units, using the procedure described in this CHAPTER 5; and b. Auctions for Intraday Units, using the procedure described in this CHAPTER 5. 2. The different types of Auctions referred to above and throughout this CHAPTER 5 are explicit closed Auctions (i.e. Auctions are for Interconnector Capacity only and Registered Participants have no visibility of other Registered Participants’ Bids). 3. Each category of Unit will be auctioned separately. Daily and Intraday Units will be auctioned respectively in single Auctions. Separate Auctions may be conducted concurrently. 4. Where the Allocation Platform accepts any Bid by allocating one or more Units to a Registered Participant in accordance with these Rules, then the Registered Participant will acquire such Unit(s) for the Unit Price on the terms and conditions of these Rules and the relevant Auction Specification. The rights and obligations of Unit Holders are set out in these Rules. 5. Auctions will be conducted electronically via the Auction Tool except in the case of failure of the Auction Tool as described. In such a case, the Allocation Platform may allocate the Units using a procedure for conducting the Auctions by email or fax to be specified by the Allocation Platform.
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Related to General provisions for Auctions

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  • Final Provisions Clause 16

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