Auction Specification means a list of specific characteristics of a particular Auction, including the nature of offered products and relevant dates;
Auction Specification means a list of specific characteristics of a particular Auction, including the nature of products and relevant dates; Bank Guarantee means an unconditional and irrevocable standby letter of credit or letter of guarantee issued by a bank; Bid means a pair of Bid Quantity and Bid Price offered by a Registered Participant participating in an Auction; Bid Price means the price which a Registered Participant is willing to pay for one (1) MW and hour of Intraday Transmission Rights; Bid Quantity means the amount of Intraday Transmission Rights in MW requested by a Registered Participant; Bidding Period means the time period within which the Registered Participants willing to participate in an Auction may submit their Bids; Bidding Zone means the largest geographical area within which market participants can exchange energy without Capacity Allocation; Business Account means a dedicated deposit account opened at the financial institution selected by the Allocation Platform in the name of the Allocation Platform or at the discretion of the Allocation Platform opened by the Registered Participant, but with the Allocation Platform as the beneficiary of the dedicated cash deposit, which may be used for payments by the Registered Participant; Credit Limit means the amount of the collateral which may be used to cover any Bid submission in subsequent Auctions and is not used for outstanding payment obligations; EIC Code means the ENTSO-E Energy Identification Coding Scheme identifying the parties in a cross-border trade; Force Majeure means any unforeseeable or unusual event or situation beyond the reasonable control of a Party and/or the relevant TSOs, and not due to a fault of the Party and/or the relevant TSOs, which cannot be avoided or overcome with reasonable foresight and diligence, which cannot be solved by measures which are from a technical, financial or economic point of view reasonably possible for the Party, which has actually happened and is objectively verifiable, and which makes it impossible for the Party and/or the relevant TSOs to fulfil, temporarily or permanently, its obligations; Information System Rules means the terms and conditions for access to and use of the Auction Tool by Registered Participants as published on the Allocation Platform's website; Intraday Capacity Allocation means the attribution of intraday Cross Zonal Capacity through an Auction; Intraday Transmission Right means for the purposes of these Allocation Rules a Physical Transm...
Auction Specification means a list of specific characteristics of a particular auction, including the nature of offered products and relevant dates;
Examples of Auction Specification in a sentence
The Allocation Platform shall publish the Auction Specification as set forth in paragraphs 22 of this Article no later than 09:00 a.m. on the day proceeding the delivery day.
The Registered Participant may contest the Auction results within the deadline set out in the relevant Auction Specification.
Each Registered Participant fulfilling the requirements for participating in the Auction may place Bids in the Auction Tool until the relevant deadline for placing Bids in the specific Auction expires according to the respective Auction Specification.
In case that no contestation is received within the deadline set out in the relevant Auction Specification, the provisional Auction results shall be published as final and will be available on Auction Platform website.
If the Allocation Platform, after publishing the Auction Specification, is unable to hold Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 10:15 a.m. on the day preceding the delivery day.
More Definitions of Auction Specification
Auction Specification means a list of specific characteristics of a particular Shadow Auction, including the nature of offered products and relevant dates;
Auction Specification means a list of specific characteristics of a particular Auction, including the nature of offered products and relevant dates; Bank Guarantee means an unconditional and irrevocable standby letter of credit or letter of guarantee issued by a bank; Bid means a pair of Bid Quantity and Bid Price offered by a Registered Participant participating in an Auction; Bid Price means the price which a Registered Participant is willing to pay for one (1) MW and hour of Daily Transmission Rights; Bid Quantity means the amount of Daily Transmission Rights in MW requested by a Registered Participant; Bidding Period means the time period within which the Registered Participants wishing to participate in an Auction may submit their Bids; Business Account means a dedicated deposit account opened at the financial institution selected by the Allocation Platform in the name of the Allocation Platform or at the discretion of the Allocation Platform opened by the Registered Participant, but with the Allocation Platform as the beneficiary of the dedicated cash deposit, which may be used for payments by the Registered Participant; Capacity Agreement Identification (CAI) means unique identification code assigned to each Physical Transmission Right by Auction Tool during the Auction. The identification code is used also when the use of the Physical Transmission Right is nominated to a TSOs; Credit Limit means the amount of the collaterals which may be used to cover any Bid submission in subsequent Auctions and is not used for outstanding payment obligations;
Auction Specification means a list of specific characteristics of a particular Auction, including the nature of offered products and relevant dates; Bank Guarantee means an unconditional and irrevocable standby letter of credit or letter of guarantee issued by a bank; Bid means a pair of Bid Quantity and Bid Price offered by a Registered Participant participating in an Auction; Bid Price means the price which a Registered Participant is willing to pay for one (1) MW and hour of Daily Transmission Rights; Bid Quantity means the amount of Daily Transmission Rights in MW requested by a Registered Participant; Bidding Period means the time period within which the Registered Participants wishing to participate in an Auction may submit their Bids; Business Account means a dedicated deposit account opened by the Allocation Platform at the financial institution selected by the Allocation Platform in the name of the Allocation Platform, which may not be used for payments by the Registered Participant; Capacity Agreement Identification (CAI) means unique identification code assigned to each Physical Transmission Right by Auction Tool during the Auction. The identification code is used also when the use of the Physical Transmission Right is nominated to Transmission System Operators; Credit Limit means the amount of the collaterals which may be used to cover any Bid submission in subsequent Auctions and is not used for outstanding payment obligations;
Auction Specification means a list of specific characteristics of a particular Auction, including the nature of offered products and relevant dates; Bank Guarantee means an unconditional and irrevocable standby letter of credit or letter of guarantee issued by a bank; Bid means a pair of Bid Quantity and Bid Price offered by a Registered Participant participating in an Auction; Bid Price means the price which a Registered Participant is willing to pay for one (1) MW and hour of Long Term Transmission Rights; Bid Quantity means the amount of Long Term Transmission Rights in MW requested by a Registered Participant; Bidding Period means the time period within which the Registered Participants wishing to participate in an Auction may submit their Bids; Bidding Zone means the largest geographical area within which market participants are able to exchange energy without Capacity Allocation; Business Account means a dedicated deposit account opened at the financial institution selected by the Allocation Platform in the name of the Allocation Platform or at the discretion of the Allocation Platform opened by the Registered Participant, but with the Allocation Platform as the beneficiary of the dedicated cash deposit, which may be used for payments by the Registered Participant;
Auction Specification means a list of specific characteristics of a particular Auction, including the nature of offered products and relevant dates; Bank Guarantee means an unconditional and irrevocable standby letter of credit or letter of guarantee issued by a bank; Bid means a pair of Bid Quantity and Bid Price offered by a Registered Participant participating in an Auction; Bid Price means the price which a Registered Participant is willing to pay for one (1) MW and hour of Long Term Transmission Rights; Bid Quantity means the amount of Long Term Transmission Rights in MW requested by a Registered Participant; Bidding Period means the time period within which the Registered Participants wishing to participate in an Auction may submit their Bids; Business Account means a dedicated deposit account opened by the Allocation Platform at the financial institution selected by the Allocation Platform in the name of the Allocation Platform, which may not be used for payments by the Registered Participant; Capacity Agreement Identification (CAI) means unique identification code assigned to each Physical Transmission Right by Auction Tool during the Auction. The identification code is used also when the use of the Physical Transmission Right is nominated to Transmission System Operators; Credit Limit means the amount of the collaterals which may be used to cover any Bid submission in subsequent Auctions and is not used for outstanding payment obligations; EIC Code means the ENTSO-E Energy Identification Coding Scheme identifying the parties in a cross- border trade; Energy Community is an international organisation which brings to extend the EU internal energy market rules and principles to countries in South East Europe, the Black Sea region and beyond on the basis of a legally binding framework.
Auction Specification means, the specification for the Auction published by BritNed, as described in Rules C2, C3 and C4 for the respective Timescales;
Auction Specification means, the specification for the Auction published by the Allocation Platform, as described in Rules C3 and C4 for Daily and Intraday Timescales or the specification for a Long Term Auction published by the Allocation Platform under the Harmonised Allocation Rules;