Implicit Allocation definition

Implicit Allocation has the meaning given in Section B paragraph 1.4(d) of the IUK Access Code;
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Implicit Allocation means a congestion management method in which energy is obtained at the same time as cross zonal capacity;
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Implicit Allocation has the meaning given in Section B paragraph 1.4(d) of the Interconnector Access Code;
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Examples of Implicit Allocation in a sentence

  • In addition, capacity may be made available via an Implicit Allocation Mechanism using an Implicit Allocation Partner according to the rules set out in Annex B-3 of the IAC.

  • Capacity offered via an Implicit Allocation Mechanism (“IAM”) will be in p/(kWh/h)/h or p/(kWh/h)/d.

  • Nothing in these Allocation Rules shall prevent the Single Allocation Platform and the Registered Participant from agreeing in the Participation Agreement additional rules, out of the scope of these Allocation Rules, including but not limited to the participation in day-ahead or Intraday Explicit Allocation or any fall-back process for day-ahead Implicit Allocation.

  • When the daily Offered Capacity for the Implicit Allocation or fallback explicit daily allocation is not fully allocated for a specific hour in the direction of the Long Term Transmission Rights in which Cross Zonal Capacity was reallocated then there will be no payment from the Allocation Platform to the Registered Participants for this specific hour.

  • The validity, amendment or withdrawal of and the re-submission of an application or bid for Offered Capacity under an Allocation Mechanism is governed by the applicable Subscription Rules, Capacity Auction Rules, Overnomination Rules or Implicit Allocation Rules.

  • Nothing in these Allocation Rules shall prevent the Allocation Platform and the Registered Participant from agreeing in the Participation Agreement additional rules, out of the scope of these Allocation Rules, including but not limited to the participation in long-term or Intraday Explicit Allocation or any fallback process for day-ahead Implicit Allocation.

  • Capacity offered via an Implicit Allocation Mechanism (“IAM”) will be in p/(kWh/h)/h.

  • Relationship between Shipper and Implicit Allocation Partner 2.6.1 It is the responsibility of the Shipper to accede to the IAP T&Cs and to take all actions that are required to have access to the Implicit Allocation Platform in order to purchase Offered Capacity through Implicit Allocation.

  • Implicit Allocation Rules and IAP Terms and Conditions This Annex sets out rules that apply to Implicit Allocation.

  • Nothing in these Allocation Rules shall prevent the Allocation Platform and the Registered Participant from agreeing in the Participation Agreement additional rules out of scope of these Allocation Rules, including but not limited to the participation in long-term or day-ahead Explicit Allocation or any fall-back process for day-ahead Implicit Allocation.


More Definitions of Implicit Allocation

Implicit Allocation means a congestion management method in which energy is obtained atthe same time as cross zonal capacity; (19) ‘market time unit’ means the period for which the market price is established or the shortest possible common time period for the two bidding zones, if their market time units are different; (20) ‘offered capacity’ means the cross zonal capacity offered by the transmission capacityallocator to the market; (21) ‘planned’ means an event known ex ante by the primary owner of the data; (22) ‘power transfer distribution factor’ means a representation of the physical flow on a critical network element induced by the variation of the net position of a bidding zone; (23) ‘primary owner of the data’ means the entity which creates the data; (24) ‘production unit’ means a facility for generation of electricity made up of a single generation unit or of an aggregation of generation units; (25) ‘profile’ means a geographical boundary between one bidding zone and several neighbouring bidding zones; (26) ‘redispatching’ means a measure activated by one or several system operators by altering the generation and/or load pattern in order to change physical flows in the transmission system and relieve a physical congestion; (27) ‘total load’, including losses without power used for energy storage, means a load equal to generation and any imports deducting any exports and power used for energy storage; (28) ‘transmission capacity allocator’ means the entity empowered by TSOs to manage the allocation of cross zonal capacities; (29) ‘vertical load’ means the total amount of power flowing out of the transmission network to thedistribution networks, to directly connected final customers or to the consuming part of generation; (30) ‘year-ahead forecast margin’ means the difference between the yearly forecast of available generation capacity and the yearly forecast of maximum total load taking into account the forecast of total generation capacity, the forecast of availability of generation and the forecastof reserves contracted for system services; (31) ‘time’ means the local time in Brussels.
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Implicit Allocation has the meaning given in Section B paragraph 1.4(d) of the IAC;
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Implicit Allocation means the mechanism under which the Client makes available Offered Capacity at a Connection Point that is allocated to an IAA Shipper by the Broker at the same time as such IAA Shipper enters into a Natural Gas Contract with a person other than the Client; Implicit Allocation Price means the price for Allocated Capacity under Implicit Allocation; Implicit Allocation Rules means Annex B-3 of the Client’s Access Code, as amended from time to time;
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Related to Implicit Allocation

  • Asset Allocation The following single issuer limits shall apply on a market value basis, with exception of Money-Market funds and US Government guaranteed securities, which may be held without limit:

  • Load allocation means the portion of a receiving water's loading capacity that is allocated to one

  • Carryover Allocation means an Allocation made to the Project if the Project will not be Placed in Service by close of the calendar year of the Allocation.

  • Percentage Allocation is defined in Section 4.3(b)(ii)(y).

  • Final Allocation has the meaning set forth in Section 2.3.

  • Cost Allocation Plan means central service cost allocation plan, public assistance cost allocation plan, and indirect cost rate proposal. Each of these terms are further defined in this section.

  • Allocation shall have the meaning set forth in Section 2.7.

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • Agreed Allocation means any allocation, other than a Required Allocation, of an item of income, gain, loss or deduction pursuant to the provisions of Section 6.1, including a Curative Allocation (if appropriate to the context in which the term “Agreed Allocation” is used).

  • Class B Fixed Allocation means, with respect to any Monthly Period following the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Investor Interest as of the close of business on the last day of the Revolving Period and the denominator of which is equal to the Investor Interest as of the close of business on the last day of the Revolving Period.

  • Tax Allocations means the allocations set forth in paragraph 4 of Exhibit B.

  • Required Allocations means any allocation of an item of income, gain, loss or deduction pursuant to Section 6.1(d)(i), Section 6.1(d)(ii), Section 6.1(d)(iv), Section 6.1(d)(v), Section 6.1(d)(vi), Section 6.1(d)(vii) or Section 6.1(d)(ix).

  • conditional allocation ’ means an allocation to a province or municipality from the national government’s share of revenue raised nationally, envisaged in section 214(1)(c) of the Constitution, as set out in Schedule 4, 5, 6 or 7;

  • Class A Floating Allocation means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Adjusted Investor Interest as of the close of business on the last day of the preceding Monthly Period and the denominator of which is equal to the Adjusted Investor Interest as of the close of business on such day; provided, however, that, with respect to the first Monthly Period, the Class A Floating Allocation shall mean the percentage equivalent of a fraction, the numerator of which is the Class A Initial Investor Interest and the denominator of which is the Initial Investor Interest.

  • Class B Floating Allocation means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Investor Interest as of the close of business on the last day of the preceding Monthly Period and the denominator of which is equal to the Adjusted Investor Interest as of the close of business on such day; provided, however, that, with respect to the first Monthly Period, the Class B Floating Allocation shall mean the percentage equivalent of a fraction, the numerator of which is the Class B Initial Investor Interest and the denominator of which is the Initial Investor Interest.

  • Allocated Realized Loss Amount With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Allocation Area means that part of a military base development area to which an allocation provision of a declaratory resolution adopted under section 16 of this chapter refers for purposes of distribution and allocation of property taxes.

  • Modification Gain Amount With respect to each Payment Date, the excess, if any, of the aggregate Modification Excess over the aggregate Modification Shortfall for such Payment Date.

  • Initial Allocation means the conditional setting aside by MBOH of HCs from a particular year’s federal LIHTC allocation to the state for purposes of later Carryover Commitment and/or Final Allocation to a particular Project, as documented by and subject to the requirements and conditions set forth in a written Reservation Agreement, the Applicable QAP and federal law.

  • alternative maximum council tax reduction means the amount determined in accordance with paragraph 31 and Schedule 4;

  • Tax Allocation Agreement means the Tax Allocation Agreement between Corporation and New D&B.

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Curative Allocation means any allocation of an item of income, gain, deduction, loss or credit pursuant to the provisions of Section 6.1(d)(ix).

  • Group I Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Allocation Amount means, as of the Closing Date, the Series 2017-2 Stated Principal Amount and on any date of determination thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series 2017-2 Stated Principal Amount resulting from the issuance of additional Series 2017-2 Notes since the prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge- Offs or Reallocated Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication) deposited into the Distribution Account pursuant to Section 4.05(c) or paid to the Series 2017-2 Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greater than the Adjusted Outstanding Dollar Principal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero upon such sale.