Open Season Procedure definition

Open Season Procedure means a process to assess the market demand for incremental capacity that includes a non-binding phase in which network users express and quantify their demand for incremental capacity and a binding market test phase in which binding commitments for contracting capacity are requested from network users by one or more transmission system operators.’;

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Open Season Procedure means the notice of open season procedure describing the Firm Service Open Season process issued by the Carrier dated October 20, 2011;

Open Season Procedure means the procedure or procedures through which Eustream offers the transmission capacity in the Slovak Pipeline to Applicants on a binding basis between 1 March 2010 and the signing of the resulting transmission contracts with the shippers.

Examples of Open Season Procedure in a sentence

Parties offer within the Binding Open Season Procedure solely the Offered Capacity (i.e. the entry/exit capacity of the SK-HU Interconnector up to the 90% of the Technical capacity).
Based on these considerations, Eustream and MGT hereby officially announce the invitation to bid in the Binding Open Season Procedure for the SK-HU Interconnector.
Parties will publish information and instructions in respect of the Binding Open Season Procedure at their websites ▇▇▇.▇▇▇▇▇▇▇▇.▇▇ and ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇.
The process of the Open Season Procedure consists of a binding phase only (hereinafter referred to as the “Binding Open Season” or the “Binding Phase”).
In case Eustream and MGT receive valid Binding bids in the Binding Open Season Procedure, an allocation procedure will be conducted and the final transmission contracts, separately for Slovak side and Hungarian side, will be concluded by and between Eustream and/or MGT, respectively, on one side and Applicant on the other side.
Eustream and MGT are inviting the potential Applicants directly to the Binding Phase of the Open Season Procedure.
Please note that in order to avoid any kind of disproportionality in capacity allocation, any other way of capacity booking for SK-HU Interconnector for the period specified above will be interrupted on Hungarian System and Slovak System during the Open Season Procedure.
Parties will provide all necessary information in respect of the Binding Open Season Procedure by means of regular updates at Parties websites and/or by e-mails to all parties involved.
The Binding Phase of the Open Season Procedure shall start on 24th of April 2015 by start of the registration process.
Eustream and MGT are conducting joint binding Open Season Procedure in order to allocate their respective transmission capacities of the SK-HU Interconnector at the IP Veľké Zlievce at the Slovak System and IP Balassagyarmat at the Hungarian System for the period from 06:00 CET 1st of July 2015 until 06:00 CET 1st of October 2016.

More Definitions of Open Season Procedure

Open Season Procedure means the procedure between 4th November 2014 and 21st November 2014 through which Eustream offers the incremental exit transmission capacity of IP Budince to Participants and the Participants can on a binding basis apply for this capacity.

Open Season Procedure means the procedure between 26th May 2014 and 26th June 2014 through which Eustream offers the exit transmission capacity of IP Budince to Participants and the Participants can on a binding basis apply for this capacity.

Open Season Procedure means the procedure through which Eustream offers the transmission capacity in the Pipeline to Applicants on a binding basis between 20 June 2012 and the signing of the resulting transmission contracts with the shippers.