Submission of Capacity Bids Sample Clauses

Submission of Capacity Bids. When: As soon as a new delivery period starts, the Bidder can start to make Capacity Bids for the next 4 Delivery Periods. The Capacity Bids for each Delivery Period have to be introduced before each respective GCT (Gate Closure Time). What & How: As soon as the gate is open, new Capacity Bids can be introduced and already created Capacity Bids can be modified or cancelled, regardless of their status. The minimum size of a Capacity Bid is 1MW. The granularity of the offers is also 1MW (no numbers after the decimal). When a new Capacity Bid is created it automatically has a ‘Received’ status. The complete set of Capacity Bids must be in respect with the Bidding Obligations as described in section B of this Annex. When this is not the case, the entire set of Capacity Bids will automatically be rejected at GCT. More details on the validation and the rejection of the bids can be found on the XXXX website (document “STAR Auction Rules”). The Supplier can combine R1 100mHz and R1 200mHz with R2 in one Capacity Bid. The Supplier cannot combine R1 down/R1up with R2 in one Capacity Bid. The Supplier makes best effort to offer all of its available prequalified capacity. XXXX may request supplementary information or a justification for certain Capacity Bids via the communication channels described in the auction manual published on the XXXX website. A log of the communications will be held at all times so that traceability is guaranteed. The log and the key facts are reported by XXXX to the XXXX. Short-term auction participants remain fully responsible for their Capacity Bids. Bids are a firm commitment at GCT and must remain firm until the end of the auction (step B4). A Supplier shall not use the offered capacity in any way until he has been notified of the outcome of the tender or until the deadline for communication has passed. Capacity Bids are to be made in the tool STAR. The manual for the tool is published on the XXXX website.