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;
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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;
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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.
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Examples of Ascending Clock Auction in a sentence

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

  • This administrative plan is a supporting document to MHA agency plan, and is available for public review as required by CFR 24 Part 903.This administrative plan is set forth to define MHA's local policies for operation of the housing programs in the context of federal laws and regulations.

  • The Auction will be an Ascending Clock Auction with exit bids described in more details in Section 7.

  • If an Ascending Clock Auction has not ended by the scheduled starting point (according to the Auction Calendar) of the next auction for capacity covering the same period, the first auction will close, and no capacity will be allocated.

  • In this case, BOEM is considering the use of a Simultaneous Ascending Clock Auction (SACA).In such a lease sale, BOEM woulddivide the entire area offered for leasing into smaller lots which would be the objects of the bidding.

  • The amount of capacities to be marketed shall be published at www.prisma-capacity.eu before the beginning of the auction in a timely manner.2. Long-term capacity products (yearly, quarterly, and monthly) are auctioned in an Ascending Clock Auction in accordance with Art.

  • Refer to Section 5.2 in Ausubel and Cramton (2011c) for further discussion.Multiple Lot Auctions: Simultaneous Ascending Clock Auction FormatIn most lease sales, BOEM expects to issue multiple commercial renewable energy leases in the same auction.

  • Volume 3 of the Plan is called Deferred Areas Development Control Plan (DADCP) and has been prepared in accordance with Section 74 C of the Environmental Planning and Assessment Act 1979 (the Act) and Clause No 16 of the Environmental Planning and Assessment Regulation 2000 (the Regulation).

  • A “Small Price Step” is the increase in price between each round of an Ascending Clock Auction after the First Time Undersell.

  • The auction will be an Ascending Clock Auction with Exit Bids as described in Section 5.11.


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.
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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;
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Ascending Clock Auction means an auction in which a Network User Member places requested quantities against defined price steps, which are announced sequentially.
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Related to Ascending Clock Auction

  • Incremental Auction means any of several auctions conducted for a Delivery Year after the Base Residual Auction for such Delivery Year and before the first day of such Delivery Year, including the First Incremental Auction, Second Incremental Auction, Third Incremental Auction or Conditional Incremental Auction. Incremental Auctions (other than the Conditional Incremental Auction), shall be held for the purposes of:

  • E-Auction Process /”E-Auction” shall mean the electronic auction process for sale of the Company conducted in accordance with the provisions of IBC, Liquidation Process Regulations, Applicable Law(s) and this E- Auction Process Information Document inviting Bid from the Bidders for consummating the sale of Company on going concern basis in accordance with the provisions of IBC and Liquidation Process Regulations;

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • Auction shall have the meaning specified in Section 2.1 hereof.

  • Conditional Incremental Auction means an Incremental Auction conducted for a Delivery Year if and when necessary to secure commitments of additional capacity to address reliability criteria violations arising from the delay in a Backbone Transmission upgrade that was modeled in the Base Residual Auction for such Delivery Year.

  • Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.

  • Base Residual Auction means the auction conducted three years prior to the start of the Delivery Year to secure commitments from Capacity Resources as necessary to satisfy any portion of the Unforced Capacity Obligation of the PJM Region not satisfied through Self- Supply.

  • Reliability Pricing Model Auction or “RPM Auction” shall mean the Base Residual Auction or any Incremental Auction, or, for the 2016/2017 and 2017/2018 Delivery Years, any Capacity Performance Transition Incremental Auction.