Day Ahead Auction definition

Day Ahead Auction means an auction held on the day before physical delivery of wholesale products.
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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
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Day Ahead Auction means any Auction of Day Ahead Units;
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Examples of Day Ahead Auction in a sentence

  • 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.

  • EPEX SPOT Information ProductEnd of Day Data, Delayed Data, Real Time Data, Historical Data, Day Ahead Auction – SMS Alert, View Only Use; and any other Information Product available on the Website or any other mean.

  • E4.2 If the Participant does not nominate its Long Term Physical Transmission Rights, BritNed or a Third-Party shall make the capacity available for the relevant explicit Day Ahead Auction.

  • Direct representation may be supported by a sub-group operating at a LRF level of geography.

  • E5.2 If a Participant does not Nominate any Day Ahead Physical Transmission Rights by the respective final Nomination Gate Closure for any hour of a Contract Day that were allocated in the relevant explicit Day Ahead Auction or fallback Day Ahead Auction, if applicable, it will lose the right to use such Physical Transmission Rights on that Contract Day.

  • End of Day DataInformation Product delivered (i) at the end of the trading session for the Day- Ahead Auction market (ETS) and (ii) the end of the trading day for the Intraday Continuous spot market as provided via FTP Access or other mean.

  • E4.3 The Participant shall be entitled to receive remuneration for the Long Term Physical Transmission Rights that were not Nominated and allocated within the explicit Day Ahead Auction.Remuneration will be based on the clearing price of each hour of the explicit Day Ahead Auction.

  • The Exchange however will not run any Day- Ahead Auction for delivery on same day.9.4 Without prejudice to the generality of the above, the order matching rules will have the following features.

  • A Registered Participant who wants to modify a default Bid for a future Day Ahead Auction shall change the Bid Quantity and the Bid Price of its default Bids before the launch of the applicable Day Ahead Auction.

  • The Bidding Period of the Day Ahead Auction in normal operating conditions shall be 09:40-10:00 however, in the event of a difference between the Bidding Period stated in this Article 27.1 and the Auction Specification, the Auction Specification shall prevail.


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 Hours”means a Day Ahead Auction in which a group of hours has a single Auction Price. The Unit Validity Times 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.“Day Ahead Unit”means a Unit offered in a Day Ahead Auction, with Unit Validity Times as specified in the relevant Auction Specification;“Day Ahead Firmness Deadline”has the meaning given to that term in Article 2 of the Allocation Rules in Annex 1; “Day Type” means any of Business Days, non-Business Days or all Days as the case may be, in the context of a Transmission Rights Transfer Notice;“Deemed Metered Volumes” or “DMV”means volumes of energy allocated to Registered Participants’ Energy Accounts by the Allocation Platform calculated using the rules in Schedule 3;“Default Bid”means the automatic submission of Bids in respect of a particular Auction type (Day Ahead or Intraday) pre-prepared by the Registered 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 Registered Participant in respect of such Timescale;“Dispute”means any dispute between the Allocation Platform and a Registered 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);“Emergency Situation”means where the transmission system operator must act in an expeditious manner and re-dispatching or countertrading is not possible.“Energy Account”means in relation to a Registered Participant:(a) the Registered 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 Registered Participant in its
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Day Ahead Auction means the Auction held on day “D-1” is for Units relating to use
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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;
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Related to Day Ahead Auction

  • 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 2.03.

  • 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.

  • 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;

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

  • Credit Derivatives Auction Settlement Terms means the credit derivatives auction settlement terms published by ISDA in relation to the Reference Entity or Reference Obligation with the object of determining an Auction Final Price, which shall include, where more than one set of terms is published in respect of the Reference Entity, all or any of such terms so published.

  • 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:

  • 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;

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

  • Trade Date has the meaning specified in Section 11.06(g)(i).

  • 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.

  • 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.

  • First Settlement Date means the date set forth in footnote 3 under "Summary of Essential Financial Information" in the Prospectus Part I for a Trust.

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • Remarketing Date means the Initial Remarketing Date or the Final Remarketing Date.

  • day of the making of the offer means the day on which the Company announces its intention to make an offer for the purchase of Shares from Shareholders, stating the purchase price (which shall not be more than the Maximum Price calculated on the foregoing basis) for each Share and the relevant terms of the equal access scheme for effecting the Off-Market Purchase.