Shadow Auction definition

Shadow Auction means the explicit auction run by the Allocation Platform by which daily Cross Zonal Capacity is offered as fallback procedure for the single day-ahead coupling process and allocated to market participants who submit Bid(s);

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Shadow Auction means the explicit auction executed by the Allocation Platform during which daily cross-zonal capacity is offered as a fallback

Shadow Auction means the explicit auction executed by the Allocation Platform by which daily cross-zonal capacity is offered as fallback procedure for the SDAC and allocated to market participants who submit bid(s);

Examples of Shadow Auction in a sentence

• The Allocation Platform shall publish on its website, without undue delay, the reasons for the Shadow Auction cancellation.

• By participating in the Shadow Auction after the Registered Participant was informed about the changes and/or adaptations of the Shadow Allocation Rules and after these changes and/or adaptations of the Shadow Allocation Rules entered into force, it is deemed that the Registered Participant has accepted the changed, i.e. the valid and effective version of the Shadow Allocation Rules.

• After the termination takes effect in accordance with paragraphs 1 to 3 of this Article and from that time, the Registered Participant may no longer participate in a Shadow Auction.

• The Allocation Platform shall inform all Registered Participants without undue delay, of the Shadow Auction cancellation by notification published in the Auction Tool or on website of Allocation Platform and by e-mail.

• A default Bid, once identified as such by the Registered Participant, shall apply automatically to each subsequent relevant Shadow Auction as defined by the Registered Participant when placing the default Bid.

• The Allocation Platform shall run the Shadow Auction for both unforeseen and foreseen unavailability of the day‐ahead market coupling on the concerned Bidding Zone borders.

• Provided that a Bid or a set of Bids fulfils the requirements set forth in Article 21, the Allocation Platform shall confirm to the Registered Participant that such Bid(s) have been correctly registered into the system and will deliver an acknowledgment of receipt via the Auction Tool only once the Shadow Auction is run.

• In case of Shadow Auction cancellation before the Cross Zonal Capacity is deemed to be allocated, no compensation shall be paid to the Registered Participants.

• At least seven (7) Working Days before the first participation in a Shadow Auction, any market participant may apply to be a party to a Participation Agreement by submitting, to the Allocation Platform, two (2) signed copies of the Participation Agreement, as published on the website of the Allocation Platform, together with all duly completed information and documents required by Articles 6 to 15.

• In case that no contestation is received within the deadline set out in the relevant Auction Specification, the provisional Shadow Auction results shall be published as final and will be available on Allocation Platform website.

More Definitions of Shadow Auction

Shadow Auction means the explicit auction run by Allocation Platform(s) by which daily Use It Or Lose It (UIOLI) means an automatic application by which the underlying daily Cross Zonal Capacity of the non-nominated Physical Transmission Rights irrevocably fall back to the relevant TSO(s) and whereby Transmission Right holders that do not nominate to use their rights have no right to receive a pay-out; Working Day means the calendar days from Monday to Friday, with the exception of public holidays as specified on the website of the Allocation Platform;

Shadow Auction means the explicit auction run by the Allocation Platform Operator by which daily cross zonal capacity is offered as fallback procedure for the single day-ahead coupling and allocated to the market participants who submit bid(s) according to the Shadow Allocation Rules.

Shadow Auction means the explicit auction run by Allocation Platform(s) by which daily Cross Zonal Capacity is offered as fallback procedure for the day-ahead market coupling and allocated to market participants who submit Bid(s);

Shadow Auction means the explicit auction run by the Allocation Platform Operator by which daily cross‐zonal capacity is offered in form of physical transmission rights (PTR) and allocated to market participants, who submit bids according to the Shadow Allocation Rules;