Common use of Submission of Bids for Yearly, Monthly and Daily Auctions Clause in Contracts

Submission of Bids for Yearly, Monthly and Daily Auctions. The Auction Participant submits a Bid via Auction Tool/Auction System held by Auction Opera- tor. On a particular Auction Day, only Bids for PTR products, which are the subject of the Auc- tion, can be submitted. The number of bids sent via Auction Tool/Auction System is not limited. If the Bid was not sub- mitted in accordance with these Auction Rules it is considered as not valid. Auction Participants may submit Limited or All or Nothing Bids. Limited Bids shall be those Bids that represent an offer for allocation of transmission capacities without limitation of accepting transmission capacities, in which the Auction Participant sets the highest acceptable price for PTRs, i.e. the offer of the participant is accepted in the requested or decreased amount. All or Nothing bids shall be those Bids which can only be executed in the exact amount specified in the Bid. Any bid shall include the following information:  Identification number of the Auction Participant;  Product code;  Maximum quantity in MW, rounded to one (1) MW;  Net price excluding VAT, given in €/MWh for all bids in direction from Croatia to Slovenia and in HRK/MW for all bids in direction from Slovenia to Croatia. The price must be rounded to maximum of two decimal and shall not be equal or less than zero. Time of receipt of a Bid on the Auction shall be the time stamp assigned by the Auction Opera- tors Auction Tool/Auction System upon entering of the Bid. Auction Participants do not have the option to view the Bid Register they only see their own Bids. Auction Operator does not see the prices in Bid Register during the Auction. If the above specified Bid submission conditions cannot be implemented for a given Auction, Auction Operator notifies the Auction Participant, by telephone or e-mail or Auction Website, of the switch to fall back procedures.

Submission of Bids for Yearly, Monthly and Daily Auctions. The Auction Participant submits a Bid via Auction Tool/Auction System held by Auction Opera- tor. On a particular Auction Day, only Bids for PTR products, which are the subject of the Auc- tion, can be submitted. The number of bids sent via Auction Tool/Auction System is not limited. .If the Bid was not sub- mitted in accordance with these Auction Rules it is considered as not valid. Auction Participants may submit Limited or All or Nothing Bids. Limited Bids shall be those Bids that represent an offer for allocation of transmission capacities without limitation of accepting transmission capacities, in which the Auction Participant sets the highest acceptable price for PTRs, i.e. the offer of the participant is accepted in the requested or decreased amount. All or Nothing bids shall be those Bids which can only be executed in the exact amount specified in the Bid. Any bid shall include the following information:  ▪ Identification number of the Auction Participant;  ▪ Product code;  ▪ Maximum quantity in MW, rounded to one (1) MW;  ▪ Net price excluding VAT, given in €/MWh for all bids in direction from Croatia to Slovenia and in HRK/MW for all bids in direction from Slovenia to Croatia. The price must be rounded to maximum of two decimal and shall not be equal or less than zero. Time of receipt of a Bid on the Auction shall be the time stamp assigned by the Auction Opera- tors Auction Tool/Auction System upon entering of the Bid. Auction Participants do not have the option to view the Bid Register they only see their own Bids. Auction Operator does not see the prices in Bid Register during the Auction. If the above specified Bid submission conditions cannot be implemented for a given Auction, Auction Operator notifies the Auction Participant, by telephone or e-mail or Auction Website, of the switch to fall back fallback procedures.

Submission of Bids for Yearly, Monthly and Daily Auctions. The Auction Participant submits a Bid via Auction Tool/Auction System held by Auction Opera- torOperator. On a particular Auction Daypar- ticular auction date, only Bids for PTR products, which are the subject of the Auc- tionAuction, can be submitted. The number of bids sent via Auction Tool/Auction System is not limited. If the Bid was not sub- mitted submitted in accordance with these Auction Rules it is considered as not valid. Auction Participants may submit only Limited or All or Nothing Bids. Limited Bids shall be those Bids that represent an offer for allocation of transmission capacities without limitation of accepting ac- cepting transmission capacities, in which the Auction Participant sets the highest acceptable price for PTRs, i.e. the offer of the participant is accepted in the requested or decreased amount. All or Nothing bids shall be those Bids which can only be executed in the exact amount specified in the Bid. Any bid shall include the following information:  Identification number of the Auction Participant;  Product code;  Maximum quantity in MW, rounded to one (1) MW;  Net price excluding VAT, given in €/MWh for all bids in direction from Croatia to Slovenia and in HRK/MW for all bids in direction from Slovenia to Croatia. The price must be rounded to maximum of two decimal and shall not be equal or less than zero. Time of receipt of a Bid on the Auction shall be the time stamp assigned by the Auction Opera- tors Auction Tool/Auction System upon entering of the Bid. Auction Participants do not have the option to view the Bid Register they only see their own Bids. Auction Operator does not see the prices in Bid Register during the Auction. If the above specified Bid submission conditions cannot be implemented for a given Auction, Auction Operator notifies the Auction Participant, by telephone telephone, fax or e-mail or Auction Websitemail, of the switch to fall back proceduresdowngrade mode.

Submission of Bids for Yearly, Monthly and Daily Auctions. The Auction Participant submits a Bid via Auction Tool/Auction System held by Auction Opera- tor. On a particular Auction Day, only Bids for PTR products, which are the subject of the Auc- tion, can be submitted. The number of bids sent via Auction Tool/Auction System is not limited. .If the Bid was not sub- mitted in accordance with these Auction Rules it is considered as not valid. Auction Participants may submit Limited or All or Nothing Bids. Limited Bids shall be those Bids that represent an offer for allocation of transmission capacities without limitation of accepting transmission capacities, in which the Auction Participant sets the highest acceptable price for PTRs, i.e. the offer of the participant is accepted in the requested or decreased amount. All or Nothing bids shall be those Bids which can only be executed in the exact amount specified in the Bid. Any bid shall include the following information:  Identification number of the Auction Participant;  Product code;  Maximum quantity in MW, rounded to one (1) MW;  Net price excluding VAT, given in €/MWh for all bids in direction from Croatia to Slovenia and in HRK/MW for all bids in direction from Slovenia to Croatia. The price must be rounded to maximum of two decimal and shall not be equal or less than zero. Time of receipt of a Bid on the Auction shall be the time stamp assigned by the Auction Opera- tors Auction Tool/Auction System upon entering of the Bid. Auction Participants do not have the option to view the Bid Register they only see their own Bids. Auction Operator does not see the prices in Bid Register during the Auction. If the above specified Bid submission conditions cannot be implemented for a given Auction, Auction Operator notifies the Auction Participant, by telephone or e-mail or Auction Website, of the switch to fall back fallback procedures.