Auction Tool means the information technology system used by the Allocation Platform to perform Auctions and to facilitate other procedures described in these Allocation Rules;
Auction Tool means the information technology system used by the Single Allocation Platform to perform Auctions and to facilitate other procedures described in these Allocation Rules such as transfer or return of Long Term Transmission Rights;
Auction Tool means the information technology system used by the Allocation Platform to perform Auctions and to facilitate other procedures described in these Allocation Rules; Auction means the process by which daily Cross Zonal Capacity is offered and allocated to market participants who submit Bid(s); 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 Transmission Rights; Bid Quantity means the amount of 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 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;
Examples of Auction Tool in a sentence
The Allocation Platform shall, to the extent practicable and without undue delay, inform Registered Participants of possible deviations from the standard processes and the application of a fallback procedure via email and the Allocation Platform’s website and using the Auction Tool.
If the maximum payment obligation connected with such registered Bids exceed the Credit Limit, the Allocation Platform shall issue automatically via the Auction Tool a warning to the Registered Participant to modify the Credit Limit.
The results of the Auction will be notified to Registered Participants via the Auction Tool.
Registered Participants shall immediately inform the Allocation Platform of any observed problems with the use of the Auction Tool and all potential consequences via e-mail.
The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.
More Definitions of Auction Tool
Auction Tool means the IT system used for conducting Auctions and other associated Transmission Rights activities;
Auction Tool means the information technology system used by the Allocation Platform to perform Auctions and to facilitate other procedures described in these Shadow Allocation Rules; 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 Transmission Rights; Bid Quantity means the amount of Transmission Rights in MW requestedby 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 Period is only available for Shadow Auction known in advance; 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; 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 and/or the relevant TSOs, 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;
Auction Tool means the IT system used for conducting Auctions and other associated Interconnector Capacity activities;
Auction Tool means the IT system used for conducting Auctions and other associated Interconnector Capacity activities; Balancing and Settlement Code means the code of that name established under the NGET Transmission Licence; 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 day ahead and/or Intraday capacity; Bid Quantity means the amount of day ahead and/or Intraday capacity in MW requested by a Registered Participant; Bidding Period means the time period within which the Registered Participants wishing to participate in a particular Auction may submit their Bids; Business Day means a week-day on which banks in both London and Paris are open for domestic business and for dealings in sterling and euro deposits; Capacity Subcontracting Arrangement means any arrangement between a Unit Holder and another person under which the Unit Holder allows the person, either directly or indirectly, to use the Interconnector Capacity of the Unit Holder; Competent Authority means the Secretary of State (as defined in the Governing Act), the GB Regulator, the French Regulator and any local, national or supra-national agency, authority, department, inspectorate, minister, ministry, official or public or statutory person (whether autonomous or not) of, or of the government of, the United Kingdom, France or the European Union (where applicable); Contract Day in relation to a Contract Day D means a period of twenty four (24) hours commencing at 00:00 hours on day D; Collateral Incident means an incident as described in Article 25 of the IFA Long Term Allocation Rules; 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; CUSC means the Connection and Use of System Code established under the NGET Transmission Licence;
Auction Tool means the information technology system used by the Allocation Platform to perform Auctions and to facilitate other procedures described in these Shadow Allocation Rules; 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 Transmission Rights; Bid Quantity means the amount of 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 Period is only available for Shadow Auction known in advance; 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 Tool. IT system used by ELES to conduct auctions in direction from Slovenia to Austria. Available Transmission Capacity (“ATC”): the part of the NTC that remains available after each phase of the allocation procedure, for further commercial activity and which shall be offered in the monthly and daily auction procedures. Auction Day: the day on which auction takes place. Auction Websites: websites of the TSOs and Auction Office Austria as referred in
Auction Tool means the information technology system used by the Allocation Platform to Auction means the process by which daily Cross Zonal Capacity is offered and allocated to market participants who submit Bid(s); 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;