Auction Quantity definition

Auction Quantity means the amount of IP Capacity available to be allocated to Shippers in an Auction for IP Capacity;
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Examples of Auction Quantity in a sentence

  • 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.

  • Where in an Auction the Auction Allocated Quantity is less than the Auction Quantity, the category(ies) (and amounts in each category) of Allocable Interconnection Point Capacity which remain unallocated are determined in accordance with paragraph 3.5.1.

  • If in any LPS Bid Round the Aggregate Bid Quantity is equal to the Auction Quantity, the Auction will Close and paragraph 4.7.1(a) shall apply.

  • If in the first LPS Bid Round the Aggregate Bid Quantity is less than or equal to the Auction Quantity, the Auction will Close and paragraph 4.7.1(a) shall apply.

  • If in any SPS Bid Round the Aggregate Bid Quantity is equal to or less than the Auction Quantity, the Auction will Close and paragraph 4.7.1(a) shall apply.

  • In the case of an Interconnection Point at which physical flow is permitted in one Direction only, the Auction Quantity for an Interruptible Rolling Day Ahead Auction in the reverse Direction shall be an amount equal to the amount of Technical Interconnection Point Capacity in the forward Direction.

  • Following each Bid Round in which the Aggregate Bid Quantity was greater than the Auction Quantity, a further Bid Round will take place, subject to paragraphs 4.6.9 and 4.6.10.

  • Unless paragraph 4.6.4 or 4.6.5 applies, following the first LPS Bid Round in which the Aggregate Bid Quantity is less than the Auction Quantity (a 'first time undersell'), paragraph 4.6.7 shall apply.

  • The Auction Quantity will be sold through national E-auction to be conducted regularly with fixed intervals (i.e. monthly, bi-monthly, quarterly or such appropriate intervals) and open to all iron and steel plants of the country including the long-term customers of OMC.The weighted average price of a product derived from the national e-auction will be fixed as the sales price for that particular product to be sold to the long-term customers under Long-term Sales agreement.

  • The Auction Quantity for an Auction is the amount of Bundled or Unbundled Allocable Interconnection Point Capacity determined in accordance with paragraph 3.1.2, subject to paragraph 3.1.4.

Related to Auction Quantity

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in Section 3.1(e).

  • Scheduled Quantity means the net quantity of Gas (being the difference between receipt and delivery nominations) agreed by MDL and the Welded Party to pass through (or, in the case of a Notional Welded Point, be deemed to have passed through) the relevant Welded Point for a Day.

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • INTER-CONNECTION POINT/ DELIVERY/ METERING POINT means a single point at 220kV or above, where the power from the Project(s) is injected into the identified ISTS Substation (including the dedicated transmission line connecting the Projects with the substation system) as specified in the RfS document. Metering shall be done at this interconnection point where the power is injected into. For interconnection with grid and metering, the WPDs shall abide by the relevant CERC/ SERC Regulations, Grid Code and Central Electricity Authority (Installation and Operation of Meters) Regulations, 2006 as amended and revised from time to time.

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • Quantity means either tonnage or volume, depending on which term is the standard in the mining industry for the type of mineral;

  • tons means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I of the International Convention on Tonnage Measurement of Ships, 1969; the word “tonnage” shall be construed accordingly.

  • Delivery Point means the point(s) of connection(s) at which energy is delivered into the Grid System i.e. the Interconnection Point.

  • The Advance Purchase Order or “Letter of Intent” means the intention of Purchaser to place the Purchase Order on the bidder.

  • Delivery Month means each month specified as such by the Exchange pursuant to

  • Delivery Points means: (i) for natural gas transported by interstate pipelines, the city gate stations of your Utility, and (ii) for electricity, one or more points at which Company, as your agent, has arranged for the delivery of electricity to a third party (such as your Utility) for your account or at your premises.

  • Feedstock means any controlled substance or new substance that undergoes chemical transformation in a process in which it is entirely converted from its original composition and whose emissions are insignificant,

  • Priced Schedule of Quantities means the schedule of quantities duly priced with the accepted quoted rates of the contractor.

  • Technical Bid means the bid submitted online through the electronic bidding platform, containing the documents as listed out in Clause 2.5.2 of this RFP;

  • Volume Commitment means the volume of NGLs that a Committed Shipper has guaranteed to ship on the Pipeline pursuant to its TSA.