AUCTION PROCEDURE. The Available Transmission Capacity (ATC) on each interconnection is offered by the respective Auction Operator in form of Physical Transmission Rights (PTRs). The auctioning of Interconnec- tion Capacity is not a commercially motivated activity but one aimed at providing a transparent market based method of congestion management. The importance of the interconnections for the liberalization of the electricity market requires a strict policy with regard to the collection of payments and default consequences. For the allocation of ATC on the Slovenia-Croatia Interconnection: ELES operates as Auction Operator for Yearly, Monthly and Daily capacities allocation in direction from Croatia to Slovenia. HEP OPS operates as Auction Operator for Yearly, Monthly and Daily capacities allocation in direction from Slovenia to Croatia. For Intraday capacities allocation for both directions (from Croatia to Slovenia and from Slovenia to Croatia) ELES operates as Auction Operator. All relevant information related to allocation of PTRs is made available on the Auction Website and/or Auction Tool/Auction System of the Auction Operator according to this Auction Rules.
Appears in 1 contract
AUCTION PROCEDURE. The Available Transmission Capacity (ATC) on each interconnection is offered by the respective Auction Operator in form of Physical Transmission Rights (PTRs). The auctioning of Interconnec- tion Capacity is not a commercially motivated activity but one aimed at providing a transparent market based method of congestion management. The importance of the interconnections for the liberalization of the electricity market requires a strict policy with regard to the collection of payments and default consequences. For the allocation of ATC on the Slovenia-Croatia Interconnection: ELES operates as Auction Operator for Yearly, Monthly and Daily capacities allocation in direction from Croatia to Slovenia. HEP OPS operates as Auction Operator for Yearly, Monthly and Daily capacities allocation in direction from Slovenia to Croatia. For Intraday capacities allocation for both directions (from Croatia to Slovenia and from Slovenia to Croatia) ELES operates as Auction Operator. All relevant information related to allocation of PTRs is made available on the Auction Website and/or Auction Tool/Auction System of the Auction Operator according to this Auction Rules.
Appears in 1 contract