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; “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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Examples of Day Ahead Auction in a sentence

  • 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.

  • On the Day-Ahead Market Segment the following trading procedures exist: For the Serbian Market Area: A Day- Ahead Auction, with delivery on the Serbian transmission system managed by JP EMS.

  • See appendix 1 sections 4 to 7 for more information.We have found that the current Individual Liquidity Threshold, timeband and product weightings remain appropriate in determining the Market Index Data Price and Volume in accordance with the principles of the MIDS.Large volumes are now traded on the Day Ahead Auction product in timebands 7 and 8 and therefore there may be an argument for including it in the calculation of market Index data, if the timeband weightings remain the same.

  • For the Day Ahead Auction this will be via Multi Regional Coupling (Daily Implicit Auctions) and for Intraday Auctions, 2 Explicit auctions (one for the first 16 hours of the day and the second for the final 8 hours of the day) with 6 Nomination gate closures.

  • Discussed the potential interaction with the Day Ahead Auction and Capacity Trading Platform, and for intermediaries who may not ever haul gas.

  • The Exchange however will not run any Day- Ahead Auction for delivery on same day.8.3 Without prejudice to the generality of the above, the order matching rules will have the following features.

  • This shows that the majority of the traded volume is on two products; the Day Ahead Auction and B – which is 24 hours in length – in the timebands that are furthest away from Gate Closure.

  • However, the benefits of the Day Ahead Auction have not been realised to the same degree across all auction facilities.

  • More broadly, the Day Ahead Auction has supported increased trade in the east coast spot markets.

  • One of these markets, the Day Ahead Auction, has been a particular success, providing participants cheap access to more than 73 petajoules (PJ) of pipeline capacity over the past 2 years.


More Definitions of Day Ahead Auction

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;
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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 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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Related to Day Ahead Auction

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

  • 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.

  • 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;

  • Wholesale auction means an auction of motor vehicles restricted to sales at wholesale.

  • 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.

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

  • Reverse auctioning means a procurement method wherein bidders are invited to bid on specified

  • Successful Bidder” or “Successful E-Auction Process Participant means, the Qualified Bidder whose bid is approved and who is declared successful by the Liquidator at the end of the determined auction phase.C. INTRODUCTION

  • Day-Ahead Market has the meaning set forth in the CAISO Tariff.

  • Absolute Rate Auction means a solicitation of Competitive Bid Quotes setting forth Competitive Bid 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.

  • 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 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.

  • 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).

  • Remarketing Settlement Date means the date of the settlement of any Successful Remarketing, which will be three Business Days after such Remarketing.

  • 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.

  • 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.

  • 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-ahead Congestion Price means the Congestion Price resulting from the Day-ahead Energy Market.