Daily Auction definition

Daily Auction means any Auction of Daily Units;
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Daily Auction means a Daily Auction 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; Forced Outage means any Outage of which notice was given after the publication of the Auction Specification for the Daily or Intraday Auctions for the Contract Day on which the Outage occurs; GB Grid Code means the document referred to as the Grid Code in the NGET Transmission Licence; GB Regulator means the Gas and Electricity Markets Authority, as established under the Governing Act; Governing Act means the Electricity Act 1989 as amended and supplemented by the Utilities Act 2000;
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Daily Auction means any auction of daily Units, which are Units with a ProductPeriod equal to one (1) Contract Day;
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Examples of Daily Auction in a sentence

  • All the time data specified in connection with the Daily Auction Rules – especially deadlines for data transfer, announcement of results, etc.

  • These Daily Auction Rules and all related notices, legal procedures, and communications thereunder, and the dispute settlement procedures provided in Article 11.4 of Daily Auction Rules, shall be carried out in English, to the extent permitted by rules of public policy relating directly or indirectly to these procedures.

  • In such a case the following rules apply: Claims for damages arising out of or related to these Daily Auction Rules are limited to the damages typical and foreseeable.

  • Grid access is not covered and granted by the scope of Daily Auction Rules or the Auctionresults.

  • For the rest, TSOs undertake not to use or otherwise process the data they obtained pursuant to these Daily Auction Rules for any purpose except those strictly required for the performance of the obligations hereunder.

  • If any provision of these Daily Auction Rules is declared - in an arbitral, judicial or regulatory decision - to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected.

  • Also, they will not disclose any of the information or related information to any third party other than those of their directors, employees, professional advisors, and representatives, as well as regulatory authorities, which have a strict need to know the information for the proper performance and monitoring of these Daily Auction Rules and who are correspondingly bound in writing by the same strict obligations of confidentiality.

  • Unless stated otherwise in these Daily Auction Rules, e-mail service shall be deemed effective at the time when the electronic message is confirmed to the sender as delivered to the recipient and/or the recipient acknowledges the receipt thereof.

  • Each Registered Participant undertakes to follow all the security rules specified in the Daily Auction Rules.

  • Bids which do not fulfill any of the requirements stated in the Daily Auction Rules shall be excluded and shall not be included among the assessed Bids.All Bids which fulfill the above-mentioned requirements will be evaluated, and the Auction Price will be determined in accordance with the rules stated in Section 4.

Related to Daily Auction

  • public auction means a method of sale where goods or services are offered by the trader to consumers, who attend or are given the possibility to attend the auction in person, through a transparent, competitive bidding procedure run by an auctioneer and where the successful bidder is bound to purchase the goods or services;

  • Dutch Auction means an auction (an “Auction”) conducted by Holdings or one of its Subsidiaries in order to purchase any Term Loans under a Tranche (the “Purchase”) in accordance with the following procedures or such other procedures as may be agreed to between the Administrative Agent and the Borrower:

  • LIBOR Auction means a solicitation of Money Market Quotes setting forth Money Market Margins based on the London Interbank Offered Rate pursuant to Section 2.3.

  • Reverse auction means a purchasing process in which offerors submit proposals in competing to sell services or supplies in an open environment via the internet.

  • Reverse auctioning means a procurement method wherein bidders are invited to bid on specified goods or nonprofessional services through real-time electronic bidding, with the award being made to the lowest responsive and responsible bidder. During the bidding process, bidders' prices are revealed and bidders shall have the opportunity to modify their bid prices for the duration of the time period established for bid opening.

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

  • Failed Auction has the meaning assigned to such term in the definition of “Dutch Auction”.

  • electronic auction means an iterative process that involves the use of electronic means for the presentation by suppliers of either new prices, or new values for quantifiable non-price elements of the tender related to the evaluation criteria, or both, resulting in a ranking or re-ranking of tenders;

  • 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;

  • 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:

  • Auction Rate means the rate of interest per annum that results from implementation of the Auction Procedures and is determined as described in Section 2.5.1(c)(ii) hereof.

  • Auction Date means the first Business Day preceding the first day of a Dividend Period.

  • Absolute Rate Auction means a solicitation of Money Market Quotes setting forth Money Market Absolute Rates pursuant to Section 2.03.

  • Auction Period means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

  • FTR Portfolio Auction Value means for each customer account of a Market Participant, the sum, calculated on a monthly basis, across all FTRs, of the FTR price times the FTR volume in MW.

  • 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.

  • Auction Final Price means the price, if any, determined to be the Auction Final Price pursuant to Section 12 of these Credit Derivatives Auction Settlement Terms (expressed as a percentage, in increments equal to the Relevant Pricing Increment, of the outstanding principal balance, rather than the face amount, of Deliverable Obligations).

  • Auction Notice has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Money Market Absolute Rate has the meaning set forth in Section 2.3(d).

  • Buy Bid means a bid to buy Capacity Resources in any Incremental Auction.

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

  • Bid Date means the date fixed for receipt of Bids as per Notice Inviting Bids or as extended by subsequent notification(s).

  • T-Bill Rate means, for any Quarterly Floating Rate Period, the average yield expressed as a percentage per annum on three-month Government of Canada Treasury Bills, as reported by the Bank of Canada, for the most recent treasury bills auction preceding the applicable Floating Rate Calculation Date.

  • Selected Bidder or Successful Bidder means the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of PPA.

  • Distressed area means a local governmental unit that meets all of the following: