Uniform Price Auction definition

Uniform Price Auction means an auction in which the network user in a single bidding round bids price as well as quantity and all network users, who are successful in gaining capacity, pay the price of the lowest successful bid;
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Uniform Price Auction means an auction in which the Shipper in a single Bidding Round bids price as well as capacity quantity and where all Shippers who are allocated capacity pay the price of the lowest successful Bid;
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Uniform Price Auction means an auction in which the Shipper, in a single Bidding Round, bids price as well as capacity amount and all Shippers who are allocated Capacity pay the price of the lowest successful bid. Uniform Price Auctions shall apply in the case of Daily IP Capacity.
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Examples of Uniform Price Auction in a sentence

  • The initial auction shall be conducted as a Single Round Sealed-Bid Uniform Price Auction.

  • The Department, in consultation with the Delaware Public Service Commission, may employ a Single Round Sealed-Bid Uniform Price Auction or an Ascending Price, Multiple Round Auction in subsequent auctions or such other auction design as determined by the Department.

  • Public Debt Management Act 2015 Bidding Period: 9:00 am to 12:00 noon on auction day Method of Issue: The price of the issue will be determined by aCompetitive Uniform Price Auction with open bidding.

  • Bidding Period: 9:00 am to 12:00 noon on auction days Method of Issue: The price of the issue will be determined by a Competitive Uniform Price Auction with open bidding.

  • Bidding Period: 9:00 am to 12:00 noon on auction dayMethod of Issue: The price of the issue will be determined by a Competitive Uniform Price Auction with open bidding.

  • Bidding Period: 9:00 am to 12:00 noon on auction daysMethod of Issue: The price of the issue will be determined by a Competitive Uniform Price Auction with open bidding.

  • In prior research when individual suppliers had multiple units and load was held constant, paying the Last Accepted Offer (LAO) in a Uniform Price Auction performed as well, or better, than a Vickrey auction and a similar auction that paid the First Rejected Offer (FRO).

  • Numbers only include trading participants acting as intermediaries, not indirect third-party bidders.Info Box: Uniform Price Auction at the EEXThe German auctions at the EEX follow the uniform price procedure, which is common practice throughout the European Union.

  • The Authority, in consultation with the Committee, may employ a Single Round Sealed-Bid Uniform Price Auction or an Ascending Price, Multiple Round Auction in subsequent auctions.

  • Info Box: Uniform Price Auction at the EEXThe German auctions at the EEX follow the uniform price procedure which is common practice throughout the European Union.


More Definitions of Uniform Price Auction

Uniform Price Auction means an auction in which the User in a single bidding round bids price as well as capacity quantity, and all Users who are successful in gaining capacity pay a common clearing price.
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Uniform Price Auction means an auction in which Shippers bid capacity price and volume in a single bidding round;
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Uniform Price Auction means an auction in which the Network User Member in a single bidding round bids price as well as quantity and all Network User Members, who are successful in gaining capacity, pay the price of the lowest successful bid.
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Uniform Price Auction means an auction in which the Shipper in a single Bidding Round bids price as well as capacity quantity and where all
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Related to Uniform Price Auction

  • Firm price means the price that is only subject to adjustments in accordance with the actual increase or decrease resulting from the change, imposition, or abolition of customs or excise duty and any other duty, levy, or tax, which, in terms of the law or regulation, is binding on the contractor and demonstrably has an influence on the price of any supplies, or the rendering costs of any service, for the execution of the contract;

  • non-firm prices means all prices other than “firm” prices;

  • Locational Price Adder means an addition to the marginal value of Unforced Capacity within an LDA as necessary to reflect the price of Capacity Resources required to relieve applicable binding locational constraints.

  • Price means an amount of money tendered for goods or services, and includes all applicable taxes less all unconditional discounts;

  • Catalog Pricing and Pricing Requirements

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Price in respect of such day.

  • Benchmarked Price means the higher of:

  • Nodal Reference Price at each location shall mean the 97th percentile price differential between day-ahead and real-time prices experienced over the corresponding two-month reference period in the prior calendar year. Reference periods will be Jan-Feb, Mar-Apr, May- Jun, Jul-Aug, Sept-Oct, Nov-Dec. For any given current-year month, the reference period months will be the set of two months in the prior calendar year that include the month corresponding to the current month. For example, July and August 2003 would each use July- August 2002 as their reference period.

  • Reliability Pricing Model Auction or “RPM Auction” shall mean the Base Residual Auction or any Incremental Auction, or, for the 2016/2017 and 2017/2018 Delivery Years, any Capacity Performance Transition Incremental Auction.

  • Real-time Prices means the Locational Marginal Prices resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

  • SAFE Price means the price per share equal to (x) the Valuation Cap divided by (y) the Fully Diluted Capitalization.

  • 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.