Common use of Shadow Auction Process Clause in Contracts

Shadow Auction Process. 1. If Shadow Auctions are triggered during a daily session of the MRC, Shadow Auctions may be launched in parallel of the resolution of the problem of the 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. The Allocation Platform imports the default Bids submitted for Shadow Auctions according to Article 21 and informs Registered Participants that they cannot update their Bids 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 25. If the activation of the Shadow Auctions is known in advance for one or several daily sessions of the MRC, 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 19 in order to give the opportunity to Participants to update their Bids according to Articles 20, 21 and 22.

Shadow Auction Process. 1. If Shadow Auctions are triggered during a daily session of the MRC, Shadow Auctions may be launched in parallel of the resolution of the problem of the 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. The Allocation Platform imports the default Bids submitted for Shadow Auctions according to Article 21 and informs Registered Participants that they cannot update their Bids 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 25. If the activation of the Shadow Auctions is known in advance for one or several daily sessions of the MRC, 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 19 in order to give the opportunity to Participants to update their Bids according to Articles 20, 21 and 22.

Shadow Auction Process. 1. If Shadow Auctions are triggered during a daily session of the MRC, Shadow Auctions may be launched in parallel of the resolution of the problem of the 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. The Allocation Platform imports the default Bids submitted for Shadow Auctions according to Article 21 and informs Registered Participants that they cannot update their Bids 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 25. If the activation of the Shadow Auctions is known in advance for one or several daily sessions of the MRC, 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 19 in order to give the opportunity to Participants to update their Bids according to Articles 20, 21 and 22.