ascending clock auction definition

ascending clock auction means an auction in which a network user places requested quantities against defined price steps, which are announced sequentially;

ascending clock auction means an auction in which a Shipper may place requested quantities in kWh/d of IP Capacity in a Bid against defined price steps which are announced and applied sequentially in a series of Bidding Rounds;

ascending clock auction means an auction in which Shippers place requested quantities of IP Capacity in a bid against defined price steps which are applied sequentially in a series of Bidding Rounds. The Ascending Clock Auction shall be applied to Annual IP Capacity, Quarterly IP Capacity and Monthly IP Capacity.

Examples of ascending clock auction in a sentence

• Linked Ascending Clock Auction Process at Moffat Interconnection Point 2.8.42 References to “Auctions” in sections 2.8.43 to 2.8.49 below means the GB-NI Auction and GB-ROI Auction.

• Bidding in an Ascending Clock Auction 2.8.18 In each Bid Round a Shipper may apply for IP Entry Capacity by submitting a Bid within the Bid Window in accordance with this section.

• This is a pre-requisite for participating in the Non-Discriminatory Ascending Clock Auction Process.

• If an Auction (‘A’) has not Closed by the closure deadline for the next following Auction (‘B’, whether an Ascending Clock Auction or a Uniform Price Auction) in respect of Interconnection Point Capacity for the same Interconnection Point, Direction and Class as Auction A but for any Capacity Period which falls within the Capacity Period for Auction A, Auction A shall be discontinued without Closing and no Bid in Auction A shall have any effect.

• In an Ascending Clock Auction, Interconnection Point Capacity is offered to and bid for by Users in a series of bidding rounds at ascending prices until the aggregate amount of Interconnection Point Capacity bid for does not exceed the Auction Quantity, subject to and in accordance with the further provisions of this paragraph 4.

• A study by Grant, 2013 found that 38 sampled wells in the Kutupalong area had a pH from 3.9 – 7.73.

• Bidding in an Ascending Clock Auction 1A.8.18 In each Bid Round a Shipper may apply for IP Entry Capacity by submitting a Bid within the Bid Window in accordance with this Section.

• The exchange rate is the latest ECB Rate to be published prior to the start of the Bid Window of the Auction or (in the case of an Ascending Clock Auction) the Bid Window for the first Bid Round (regardless of the date of the clearing Bid Round); where the ECB Rate is the sterling/euro exchange rate published by the European Central Bank (at or about 14:00 hours) on each day which is a business day for such bank.

• For the purposes of converting (in connection with any Auction or any Bid Round of an Ascending Clock Auction) a price of Interconnection Point Capacity between a price expressed in pounds sterling (£) and a price expressed in euro (€), the exchange rate provided in paragraph 2.3.3 will be used.

• If a First Time Undersell occurs further Bidding Round(s) shall be opened and the Ascending Clock Auction Price shall be recalculated in respect of such Bidding Round(s) in accordance with Section2.7.2(b) and 2.7.2(c) until such time as the Aggregate Bid Quantity specified in Bids submitted by Shippers is less than or equal to the applicable Auctionable Capacity at which point the Ascending Clock Auction shall close.

More Definitions of ascending clock auction

ascending clock auction means an auction in which the User places requested quantities of capacity in a bid against defined price steps which are applied sequentially in a series of bidding rounds.

ascending clock auction means an auction in which a Network User Member places requested quantities against defined price steps, which are announced sequentially.

ascending clock auction means an auction in which Shippers place requested quantities against defined price steps, which are applied sequentially, in a series of bidding rounds;