Auction Clearing Price definition

Auction Clearing Price has the meaning given to such term in the MISO Rules.
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Auction Clearing Price means, in relation to a capacity auction, the price per MW which, subject to—
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Auction Clearing Price means the following. If the auction is under-
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Examples of Auction Clearing Price in a sentence

  • The Auction Clearing Price (ACP) for an LRZ is the marginal cost of serving the Demand in that LRZ.

  • Seller shall include the amount of any payment or credit pursuant to clause (ii) above on the Monthly Invoice for the later of (A) the month in which Buyer elects to receive payment or credit pursuant to clause (ii) above and (B) the month in which such Auction Clearing Price is determined and, if applicable, shall pay such amount to Buyer according to Article XI.

  • Seller shall include the amount of any payment or credit pursuant to clause (II) above on the Monthly Invoice for the later of (A) the month in which Buyer elects to receive payment or credit pursuant to clause (II) above and (B) the month in which such Auction Clearing Price is determined and, if applicable, shall pay such amount to Buyer according to Article XI.

  • If an All or Nothing Bid is not accepted, the Auction Lot will be allocated in full to bids at or above the F&O Auction Clearing Price, but at the F&O Auction Clearing Price.

  • For example, if the Resource Adequacy Capacity for a Planning Year was 0.4 ZRCs, the Contract Capacity Target is 0.6 ZRCs, Purchase Price was $150,000/ZRC- Year, and the Auction Clearing Price was $175,000/ZRC-Year, then Seller would owe Buyer an amount equal to $5,000.00 (i.e., [$175,000/ZRC-Year - $150,000/ZRC-Year] x [0.6 ZRCs – 0.4 ZRCs].

  • The price at which an ICE EUA Auction Contract, ICE EUAA Auction Contract or ICE EUA Futures Contract arising pursuant to an Auction is delivered is the Auction Clearing Price as defined and determined in accordance with the relevant ICE Futures Europe Rules.

  • If, however, an All or Nothing Bid is included in the group of bids with equal or higher bid prices, then the All or Nothing Bid will be accepted for the entire Lot, and the F&O Auction Clearing Price will be price of the All or Nothing Bid.

  • Paragraph 5.4 would clarify that All or Nothing Bids are given precedence over Standard Bids, in the sense that if an All or Nothing Bid is accepted, a Standard Bid will not be accepted even if it had a higher price than the F&O Auction Clearing Price.

  • Paragraph 5.5 would be amended to clarify that in the scenario where the Clearing House elects to determine the F&O Auction Clearing Price for less than 100% of the contracts in the lot and hold a Second F&O Auction for the remainder, any All or Nothing Bids would be disregarded.

  • It would also provide that if multiple All or Nothing Bids are received at the F&O Auction Clearing Price, the Auction Lot will be allocated equally among those bidders.


More Definitions of Auction Clearing Price

Auction Clearing Price means, in respect of an Auction, the auction price determined by the Exchange in accordance with Rule Z.10(bb) of the Administrative Procedures;
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Auction Clearing Price means, with respect to any Season in any Planning Period, the Auction Clearing Price ($/MW-Day) as defined in the MISO Rules for a Capacity Credit sourced from a Planning Resource located in a particular Local Resource Zone for such Season in such Planning Period or, if such term is no longer defined in the MISO Rules, shall mean the market price ($/MW-Day) recognized by MISO of a Capacity Credit from a Planning Resource located in a particular Local Resource Zone for such Season in such Planning Period.
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Auction Clearing Price has the meaning given to such term in the MISO Rules. 8 NTD: The cap will be based on the potential Portfolio Exposure as described in the RFP documents and is subject to change based on Entergy’s credit review of Seller.
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Auction Clearing Price means either of the following:
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Auction Clearing Price means the incentive rate (i.e., price per kW) established in the BQDM DR Auction for each DR Product.
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Auction Clearing Price refers to the market clearing price in any given bidding period in the Forward Reserve Auction of the LFRM, or any successor auction.
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Related to Auction Clearing Price

  • Trading Price of the Notes on any date of determination means the average of the secondary market bid quotations obtained by the Bid Solicitation Agent for $5,000,000 principal amount of Notes at approximately 3:30 p.m., New York City time, on such determination date from three independent nationally recognized securities dealers the Company selects for this purpose; provided that if three such bids cannot reasonably be obtained by the Bid Solicitation Agent but two such bids are obtained, then the average of the two bids shall be used, and if only one such bid can reasonably be obtained by the Bid Solicitation Agent, that one bid shall be used. If the Bid Solicitation Agent cannot reasonably obtain at least one bid for $5,000,000 principal amount of Notes from a nationally recognized securities dealer on any determination date, then the Trading Price per $1,000 principal amount of Notes on such determination date shall be deemed to be less than 98% of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate.

  • Mid-Market Swap Rate means for any Reset Period the mean of the bid and offered rates for the fixed leg payable with a frequency equivalent to the Original Mid-Swap Rate Basis (calculated on the day count basis customary for fixed rate payments in the Specified Currency as determined by the Calculation Agent) of a fixed-for-floating interest rate swap transaction in the Specified Currency which transaction (i) has a term equal to the relevant Reset Period and commencing on the relevant Reset Date, (ii) is in an amount that is representative for a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market and (iii) has a floating leg based on the Mid-Swap Floating Leg Benchmark Rate for the Mid-Swap Maturity (as specified in the applicable Final Terms) (calculated on the day count basis customary for floating rate payments in the Specified Currency as determined by the Calculation Agent);

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids

  • Mid-Swap Rate means, in relation to a Reset Determination Date and subject to Condition 3(b)(ii), either: