Common use of Process and notification of curtailment Clause in Contracts

Process and notification of curtailment. 1. In all cases curtailment shall be carried out by the Allocation Platform based on a request by one or more TSO(s) at the Bidding Zone border where Daily Transmission Rights have been allocated. 2. The Allocation Platform shall notify the affected holders of Daily Transmission Rights as soon as possible of a curtailment of Daily Transmission Rights including the triggering event via email and on its website. The notification shall identify the affected Daily Transmission Rights, the affected volume in MW per hour for each concerned period, the triggering events for curtailment as described in Article 44 and the amount of Daily Transmission Rights that remain after the curtailment. 3. The Allocation Platform shall publish the triggering events for curtailment in accordance with Article 44 including their estimated duration on its website as soon as possible. 4. The curtailment of Daily Transmission Rights during a specific time period shall be applied to all Daily Transmission Rights of the concerned periods on a pro rata basis, which means in proportion to the held Daily Transmission Rights. 5. For each affected Registered Participant, remaining Daily Transmission Rights which have not been curtailed shall be rounded down to the nearest MW.

Appears in 11 contracts

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

AutoNDA by SimpleDocs

Process and notification of curtailment. β€Œ 1. In all cases curtailment shall be carried out by the Allocation Platform based on a request by one or more TSO(s) at the Bidding Zone border where Daily Transmission Rights have been allocated. 2. The Allocation Platform shall notify the affected holders of Daily Transmission Rights as soon as possible of a curtailment of Daily Transmission Rights including the triggering event via email and on its website. The notification shall identify the affected Daily Transmission Rights, the affected volume in MW per hour for each concerned period, the triggering events for curtailment as described in Article 44 and the amount of Daily Transmission Rights that remain after the curtailment. 3. The Allocation Platform shall publish the triggering events for curtailment in accordance with Article 44 including their estimated duration on its website as soon as possible. 4. The curtailment of Daily Transmission Rights during a specific time period shall be applied to all Daily Transmission Rights of the concerned periods on a pro rata basis, which means in proportion to the held Daily Transmission Rights. 5. For each affected Registered Participant, remaining Daily Transmission Rights which have not been curtailed shall be rounded down to the nearest MW.

Appears in 3 contracts

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

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!