Day Ahead Auction definition
Day Ahead Auction means an auction held on the day before physical delivery of wholesale products.
Day Ahead Auction means the Auction held on day “D-1” for Units relating to use of Transmission Rights on the Contract Day commencing at 00:00hrs (CE(S)T) on day “D”; “Day Ahead Auction – Hourly” means a Day Ahead Auction in which all hours have an independent Auction Price, therefore each hour being a Unit Validity Time; “Day Ahead Unit” means a Unit offered in a Day Ahead Auction, with Unit Validity Times as specified in the relevant Auction Specification; “Deemed Metered Volumes” or “DMV” means volumes of energy allocated to Participants’ Energy Accounts by BritNed calculated using the rules in Schedule 3; “Default Bid” means Bids submitted by a Participant before the Bidding Period opens and automatically submitted to every subsequent Auction of that type until amended by the Participant; “Default Nomination” means the automatic generation and submission of Mid North Sea Nominations in respect of a particular Timescale which are identical to the Transmission Rights notified to the Participant in respect of such Timescale; “Direct Current” means Direct Current or DC electricity is the continuous movement of electrons from an area of negative (-) charges to an area of positive (+) charges through a conducting material; “Dispute” means any dispute between BritNed and a Participant under or in relation to these Rules; “Dutch Codes” are the Rules that govern the transportation and use of electricity on the Dutch Grid, which includes system codes; “EAN Code” means the unique identification number in accordance with European Article Numbering (as defined in the NL Definition List); “Easter Weekend” means a product with a delivery period of four calendar days starting on Good Friday preceding Easter Sunday and ending on Easter Monday; “EIC Code” means the Energy Identification Coding Scheme identifying the parties in a cross-border trade assigned by European Network of Transmission System Operators for Electricity (ENTSOE); “Energy Account” means in relation to a Participant:(a) the Participant’s Production Interconnector BM Unit and Consumption Interconnector BM Unit under the Balancing and Settlement Code; and(b) the PRP account established under the Dutch Codes and acknowledged by TenneT TSO B.V.both as specified by the Participant in its Participation
Day Ahead Auction means the Auction held on day “D-1” is for Units relating to use
More Definitions of Day Ahead Auction
Day Ahead Auction means any Auction of Day Ahead Units; “Day Ahead Auction – Hourly” means a Day Ahead Auction in which all hours have an independent Auction Price, therefore each hour being a Unit Validity Time; “Day Ahead Auction – Grouped HoursUnit” means a Unit offered in a Day Ahead Auction in which a group of hours has a single Auction Price. The , with Unit Validity Times as specified in this case are the hours that are grouped together with a common Offered Capacity and a common Auction Price. For the avoidance of doubt, separate groups of hours may have different Auction Prices.relevant AuctionSpecification;
Day Ahead Auction means any Auction of Day Ahead Units;