Step Down Margin means the maximum quantity that may be specified in demand bids in respect of the same offer point, for the purpose of verifying the technical adequacy of bids submitted in a market session;
Step Down Margin means the amount specified in the applicable Final Terms as being the Step Down Margin.
More Definitions of Step Down Margin
Step Down Margin means, following a Step Down Event, the Step Down Margin specified as such in the Sustainability Table;
Step Down Margin means (i) in respect of a KPI#1 - Scope 1 GHG Emissions Intensity relating to Power Generation Step Down Event, the KPI#1 - Scope 1 GHG Emissions Intensity relating to Power Generation Step Down Margin; (ii) in respect of a KPI#2 - Scope 1 and 3 GHG Emissions Intensity relating to Integrated Power Step Down Event, the KPI#2 - Scope 1 and 3 GHG Emissions Intensity relating to Integrated Power Step Down Margin; (iii) in respect of a KPI#3 - Absolute Scope 3 GHG Emissions relating to Gas Retail Amount Step Down Event, the KPI#3 - Absolute Scope 3 GHG Emissions relating to Gas Retail Amount Step Down Margin; (iv) in respect of a KPI#4 - Renewable Installed Capacity Percentage Step Down Event, the KPI#4 - Renewable Installed Capacity Percentage Step Down Margin; and (vi) in respect of a KPI#5 - Proportion of CAPEX aligned to the EU Taxonomy Percentage Step Down Event, the KPI#5 - Proportion of CAPEX aligned to the EU Taxonomy Percentage Step Down Margin; as indicated as applicable in the relevant Final Terms and, each such margin, the “relevant Step Down Margin”;
Step Down Margin means the maximum quantity that may be specified in demand bids in respect of the same offer point, for the purpose of verifying the technical adequacy of bids submitted in a market session;cc bis)Market Coupling shall mean the implicit-auction-based mechanism which -through the co-ordinated operation of the energy markets of two or more interconnected areas - concurrently allocates the inter-border interconnection capacity and definesprices on the respective energy markets. This mechanism is implemented by the GME, in compliance with the regulatory framework time to time in force, through respectively, the determination of the results of the day- ahead market (MGP) and the intraday market (MI), which is carried out simultaneously and in a coordinated manner with the determination of the results of the corresponding day-ahead energy and the intraday markets operated by market operators involved in the Market Coupling;