Common use of Shadow Auction Process Clause in Contracts

Shadow Auction Process. 1. If Shadow Auctions are triggered during a day‐ahead market coupling session, Shadow Auctions may be launched in parallel of the resolution of the problem of the day‐ahead market coupling but the Shadow Auction results will only be considered if a decoupling is declared. The Allocation Platform will inform the concerned Registered Participants that Shadow Auctions may be triggered. Registered Participants have the possibility to enter or modify submitted Bids until the closure ‐ the deadline for entering Bids into daily Shadow Auctions. The Allocation Platform imports the default Bids submitted for Shadow Auctions according to Article 30 and informs Registered Participants of deadline for update of their Bids. Results of the Shadow Auctions are not published at this moment. If the decoupling is finally declared, Registered Participants are notified of the results of their Bids according to Article 34. If the activation of the Shadow Auctions is known in advance for one or several daily sessions of the day‐ahead market coupling, the Allocation Platform informs as soon as possible individually, by an email, the Registered Participants that the Shadow Auctions are performed with the corresponding new time schedule. The Offered Capacity for the Shadow Auctions and the information related to the time schedule will be published in the Auction Specification on the Allocation Platform’s Website as specified in Article 27 in order to give the opportunity to Participants to update their Bids according to Articles 28, 29 and 30. 2. The Allocation Platform may under no circumstances be held responsible if it is unable to contact the Registered Participants, or if it is unable to publish an announcement on its website.

Appears in 3 contracts

Samples: Shadow Allocation Rules, Shadow Allocation Rules, Shadow Allocation Rules

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Shadow Auction Process. 1. If Shadow Auctions are triggered during a day‐ahead market coupling sessiondaily session of the MRC, Shadow Auctions may be launched in parallel of the resolution of the problem of the day‐ahead market coupling MRC but the Shadow Auction results will only be considered if a MRC decoupling is declared. The Allocation Platform will inform the concerned Registered Participants that Shadow Auctions may be triggered. Registered Participants have the possibility to enter or modify submitted Bids until the closure ‐ the deadline for entering Bids into daily Shadow Auctions. The Allocation Platform imports the default Bids submitted for Shadow Auctions according to Article 30 21 and informs Registered Participants of deadline for that they cannot update of their BidsBids anymore. Results of the Shadow Auctions are not published at this moment. If the decoupling of the MRC is finally declared, Registered Participants are notified of the results of their Bids according to Article 3425. If the activation of the Shadow Auctions is known in advance for one or several daily sessions of the day‐ahead market couplingMRC, the Allocation Platform informs as soon as possible individually, by an email, the Registered Participants that the Shadow Auctions are performed with the corresponding new time schedule. The Offered Capacity for the Shadow Auctions and the information related to the time schedule will be published in the Auction Specification on the Allocation Platform’s Website as specified in Article 27 19 in order to give the opportunity to Participants to update their Bids according to Articles 2820, 29 21 and 3022. 2. The Allocation Platform may under no circumstances be held responsible if it is unable to contact the Registered Participants, or if it is unable to publish an announcement on its website.

Appears in 3 contracts

Samples: Shadow Allocation Rules, Shadow Allocation Rules, Shadow Allocation Rules

Shadow Auction Process. 1. If Shadow Auctions are triggered during a day‐ahead market coupling sessiondaily session of the MRC, Shadow Auctions may be launched in parallel of the resolution of the problem of the day‐ahead market coupling MRC but the Shadow Auction results will only be considered if a MRC decoupling is declared. The Allocation Platform will inform the concerned Registered Participants that Shadow Auctions may be triggered. Registered Participants have the possibility to enter or modify submitted Bids until the closure ‐ the deadline for entering Bids into daily Shadow Auctions. The Allocation Platform imports the default Bids submitted for Shadow Auctions according to Article 30 21 and informs Registered Participants of deadline for that they cannot update of their BidsBids anymore. Results of the Shadow Auctions are not published at this moment. If the decoupling of the MRC is finally declared, Registered Participants are notified of the results of their Bids according to accordingto Article 3425. If the activation of the Shadow Auctions is known in advance for one or several daily sessions of the day‐ahead market couplingMRC, the Allocation Platform informs as soon as possible individually, by an email, the Registered Participants that the Shadow Auctions are performed with the corresponding new time schedule. The Offered Capacity for the Shadow Auctions and the information related to the time schedule will be published in the Auction Specification on the Allocation Platform’s Website as specified in Article 27 19 in order to give the opportunity to Participants to update their Bids according to Articles 2820, 29 21 and 3022. 2. The Allocation Platform may under no circumstances be held responsible if it is unable to contact the Registered Participants, or if it is unable to publish an announcement on announcementon its website.

Appears in 1 contract

Samples: Shadow Allocation Rules

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Shadow Auction Process. 1. If Shadow Auctions are triggered during a day‐ahead market coupling sessiondaily session of the MRC, Shadow Auctions may be launched in parallel of the resolution of the problem of the day‐ahead market coupling MRC but the Shadow Auction results will only be considered if a MRC decoupling is declared. The Allocation Platform will inform the concerned Registered Participants that Shadow Auctions may be triggered. Registered Participants have the possibility to enter or modify submitted Bids until the closure ‐ the deadline for entering Bids into daily Shadow Auctions. The Allocation Platform imports the default Bids submitted for Shadow Auctions according to Article 30 21 and informs Registered Participants of deadline for that they cannot update of their BidsBids anymore. Results of the Shadow Auctions are not published at this moment. If the decoupling of the MRC is finally declared, Registered Participants are notified of notifiedof the results of their Bids according to accordingto Article 3425. If the activation of the Shadow Auctions is known in advance for one or several daily sessions of the day‐ahead market couplingMRC, the Allocation Platform informs as soon as possible individually, by an email, the Registered Participants that the Shadow Auctions are performed with the corresponding new time schedule. The Offered Capacity for the Shadow Auctions and the information related to the time schedule will be published in the Auction Specification on the Allocation Platform’s Website as specified in Article 27 19 in order to give the opportunity to Participants to update their Bids according to Articles 2820, 29 21 and 3022. 2. The Allocation Platform may under no circumstances be held responsible if it is unable to contact the Registered Participants, or if it is unable to publish an announcement on announcementon its website.

Appears in 1 contract

Samples: Shadow Allocation Rules

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