Yearly Standard Capacity Product means a capacity product, which may be applied for, in a given amount, by a network user for all Gas Days in a particular gas year starting on the 1st of October of a calendar year and ending on the 1st of October the following calendar year.
Yearly Standard Capacity Product means a capacity product, which may be applied for, in a given amount, by a network user for all Gas Days in a particular gas year starting on the 1st of October of a calendar year and ending on the 1st of October the following calendar year. 3. Binding Open Season Procedure A Binding Open Season Procedure is conducted by the involved TSOs in order to determine the binding market interest for natural gas transmission capacities established by the projects at IP1 and IP2. 3.1. Purpose of the binding Open Season Procedure The main objective of the binding Open Season Procedure is to assess the market interest in natural gas transmission capacity on the basis of the received binding bids of the Bidders. 3.2. Regulatory involvement The content of this document has been agreed upon by the Romanian National Authority for Energy Regulation (ANRE), the Hungarian Energy and Public Utility Regulatory Authority (MEKH) and Energie- Control Austria für die Regulierung der Elektrizitäts- und Erdgaswirtschaft (E-Control). 3.3. Information ProvisionThe TSOs have taken all reasonable steps to ensure that the information regarding the Binding Open Season was correct at the time of publication. The TSOs cannot be held responsible for any misinterpretation or usage of the data contained in this document and they accept no liability of any kind for acts, consequences, losses, et cetera, arising from the information or from inaccuracy, incompleteness, or omissions in the contents of this publication. 3.4. Binding Open Season Procedure Overview Activities 2017 All deadlines are to be understood as 23:59 CET of the respective day.MilestoneDateAnnouncement of the Binding Open Season Procedure29.05.17Customer Registration29.05.17 – 23.06.17Confirmation Customer Registration (TSOs)by 30.06.17Bid submission window I: Submission of Bids03.07.17 – 28.07.17Economic Test I31.07.17 – 14.08.17TSOs to publish aggregated allocation results17.08.17In case of positive Economic Test I:TSO to send acceptance of Bids in form of contract duly signed by TSO to Successful Bidders and inform Bidders about aggregate allocationby 17.08.17Successful Bidders to return countersigned contract to TSOby 30.08.17In case of negative Economic Test I:Bid submission window II: TSOs to submit updated requirements to Biddersby 24.08.17
Yearly Standard Capacity Product means a capacity product, which may be applied for, in a given amount, by a network user for all Gas Days in a particular gas year starting on the 1st of October of a calendar year and ending on the 1st of October the following calendar year. 3. Binding Incremental Capacity Procedure FGSZ and GCA conducts a binding Incremental Capacity Procedure in order to determine the binding market interest for natural gas transmission capacities established by the Project at the IP. The main objective of the binding Incremental Capacity Procedure is to assess the binding market interest in natural gas transmission capacity on the basis of the received binding bids of the Network Users. Information provisions FGSZ has taken all reasonable steps to ensure that the information regarding the Binding Incremental Capacity Procedure was correct at the time of publication. FGSZ cannot be held responsible for any misinterpretation or usage of the data contained in this document and accepts no liability for any kind of acts, consequences, losses, et cetera, arising from the information or from inaccuracy, incompleteness, or omissions in the contents of this publication. Binding Incremental Capacity Procedure Overview Parties shall offer the incremental capacity from Hungary to Austria direction in accordance with Article 29 of Commission Regulation (EU) No. 459/2017 in the annual yearly capacity auction as standard bundled products in ascending clock auctions according to Article 17 and in accordance with Article 8(8) and (9) and Article 19 of Commission Regulation (EU) No. 459/2017.All deadlines are to be understood as 23:59 CET of the respective day unless it is indicated otherwise. Network User registration process There is no separate registration process associated with this incremental capacity booking procedure, only the standard RBP Network User Registration process (see Operational Rules of RBP on FGSZ’s website). Due to capacities being offered in a bundled incremental capacity allocation process, Network Users shall be eligible to book annual capacity products according to the prevailing rules and regulations and according to FGSZ’s Business Code and FGSZ’s general terms and conditions for Network Usage Contracts (GTC 4.d), exceptions to which are outlined in this Rulebook. Besides the RBP registration, the precondition of participating in the auction is to have a valid Network Usage Framework Contract in force and that the auction security is provided by 12:00 (CET)...
More Definitions of Yearly Standard Capacity Product
Yearly Standard Capacity Product means a capacity product, which may be applied for, in a given amount, by a network user for all Gas Days in a particular gas year starting on the 1st of October of a calendar year and ending on the 1st of October the following calendar year. 3. Binding Incremental Capacity ProcedureA Binding Incremental Capacity Procedure is conducted by FGSZ in order to determine the binding market interest for natural gas transmission capacities established by the projects at the concerned IP. Purpose of the binding Incremental Capacity ProcedureThe main objective of the binding Incremental Capacity Procedure is to assess the binding market interest in natural gas transmission capacity on the basis of the received binding bids of the Network Users, based on the Decision and the special conditions set in the current Rulebook. Regulatory involvement, special conditions ACER obliged FGSZ to continue the HUAT incremental capacity project and carry out the economic test in accordance with the parameters and terms and conditions set out in its Decision. FGSZ disagrees with the Decision and submitted an action against it to the European Court of Justice claiming the annulment of this Decision, however - despite the pending lawsuit – the auction is to be implemented. Nevertheless due to the current pandemic and the emergency phase announced by the Government Decree No. 40/2020 (III. 11.) caused by it and the resulting increased economic risks as well as the pending lawsuit against ACER before the European Court of Justice, FGSZ applies special conditions to cover the risks arisen. Therefore, the following special contractual conditions are applied:
Yearly Standard Capacity Product means a capacity product, which may be applied for, in a given amount, by a network user for all Gas Days in a particular gas year starting on the 1st of October of a calendar year and ending on the 1st of October the following calendar year. 3. Binding Open Season Procedure A Binding Open Season Procedure is conducted by the involved TSOs in order to determine the binding market interest for natural gas transmission capacities established by the projects at IP. 3.1. Purpose of the binding Open Season Procedure The main objective of the binding Open Season Procedure is to assess the market interest in natural gas transmission capacity on the basis of the received binding bids of the Bidders. 3.2. Regulatory involvement The content of this document has been agreed upon by the Romanian National Authority for Energy Regulation (ANRE) and the Hungarian Energy and Public Utility Regulatory Authority (MEKH). 3.3. Information ProvisionThe TSOs have taken all reasonable steps to ensure that the information regarding the Binding Open Season was correct at the time of publication. The TSOs cannot be held responsible for any misinterpretation or usage of the data contained in this document and they accept no liability of any kind for acts, consequences, losses, et cetera, arising from the information or from inaccuracy, incompleteness, or omissions in the contents of this publication. 3.4. Binding Open Season Procedure Overview Activities 2017 All deadlines are to be understood as 23:59 CET of the respective day. MilestoneDateAnnouncement of the Binding Open Season Procedure[…]Customer Registration[…]Confirmation Customer Registration (TSOs)[…]Bid submission window I: Submission of Bids[…]Economic Test I[…]TSOs to publish aggregated allocation results[…] In case of positive Economic Test I: TSO to send acceptance of Bids in form of contract duly signed by TSO to Successful Bidders and inform Bidders about aggregate allocation[…]Successful Bidders to return countersigned contract to TSO[…] In case of negative Economic Test I: Bid submission window II: TSOs to submit updated requirements to Bidders[…]Bid submission window II: Bidders may submit updated Bids to TSOs[…]Economic Test II[…]TSOs to publish aggregated allocation results[…] In case of negative Economic Test II: TSO to inform Bidders about terminated Open Season procedure[…] In case of positive Economic Test II: TSOs to send acceptance of Bids in form of contract duly signed by TSO to Successful Bidders[…]Succ...
Yearly Standard Capacity Product means a capacity product, which may be applied for, in a given amount, by a network user for all Gas Days in a particular gas year starting on the 1st of October of a calendar year and ending on the 1st of October the following calendar year. 3. Binding Open Season Procedure A Binding Open Season Procedure is conducted by the involved TSOs in order to determine the binding market interest for natural gas transmission capacities established by the projects at IP1 and IP2. 3.1. Purpose of the binding Open Season Procedure The main objective of the binding Open Season Procedure is to assess the market interest in natural gas transmission capacity on the basis of the received binding bids of the Participants. 3.2. Regulatory involvement The content of this document has been agreed upon by the Romanian National Authority for Energy Regulation (ANRE), the Hungarian Energy and Public Utility Regulatory Authority (MEKH) and Energie- Control Austria für die Regulierung der Elektrizitäts- und Erdgaswirtschaft (E-Control). 3.3. Information Provision The TSOs have taken all reasonable steps to ensure that the information regarding the Binding Open Season was correct at the time of publication. The TSOs cannot be held responsible for any misinterpretation or usage of the data contained in this document and they accept no liability of any kind for acts, consequences, losses, et cetera, arising from the information or from inaccuracy, incompleteness, or omissions in the contents of this publication. 3.4. Binding Open Season Procedure Overview MilestoneDateConsultation Phase29.11.2016 – 09.01.2017Announcement of the Binding Open Season Procedure31.03.2017Customer Registration31.03.2017 – 17.04.2017Confirmation Customer Registration (TSOs)by 24.04.2017Submission of bids28.04.2017 – 31.05.2017Economic Test I01.06.2017 – 27.06.2017Bid revision I30.06.2017 – 01.09.2017Publication of first results (TSOs)02.09.2017Confirmation of final results (Participants)02.04.2018Economic Test II02.04.2018 – 13.04.2018Bid revision II16.04.2018 – 18.06.2018Publication of the final results (TSOs)18.06.2018Return countersigned contract to Participants27.07.2018 3.5. Registration Registration processApplicants that are interested in participating in the binding Open Season Procedure should proceed as follows, taking into account the detailed timetable provided in Chapter 3.3.To initiate the Registration Process Applicants have to fill in the Registration form (Annex 1) duly signed by authorized...
Yearly Standard Capacity Product means capacity product for which Bidders can apply for through the gas year, starting on 1 October of the calendar year and ending on 1 October in the next calendar year, taking into account the allowed days for Scheduled maintenance in line with the Contract;