Common use of Auction Specification Clause in Contracts

Auction Specification. 1. The Allocation Platform shall publish the Auction Specification as set forth in paragraph 2 of this Article. 2. The Allocation Platform shall publish the Auction Specification via the Auction Tool no later than the start of the Bidding Period of an Auction. The Auction Specification shall state in particular: (a) the code identifying the Auction in the Auction Tool; (b) identification of the direction covered; (c) the Product Period; (d) the Bidding Period; (e) the deadline for the publication of Auction results; (f) Offered capacity calculated as available Cross Zonal Capacity resulting from the difference between the NTC and the net values of the Exchange Programs of the previous timeframes; (g) Any applicable UIOLI Deadline; and (h) any other relevant information or terms applicable to the product or the Auction.

Auction Specification. 1. The Allocation Platform shall publish the Auction Specification as set forth in paragraph 2 of this Article. 2. The Allocation Platform shall publish the Auction Specification via the Auction Tool no later than 15 minutes before the start end of the Bidding Period of an Auction. The Auction Specification shall state in particular: (a) the code identifying the Auction in the Auction Tool; (b) identification of the Bidding Zone border(s) or a subset of the Interconnectors on the Bidding Zone border and direction covered; (c) the Product Period; (d) the Bidding Period; (e) the deadline for the publication of Auction results; (f) Offered capacity calculated as available as:  Available Cross Zonal Capacity resulting from the difference between the NTC and the net values of the Exchange Programs of the previous timeframes;  The security assessment performed by the concerned TSOs on the respective bidding zone border; (g) Any applicable UIOLI Deadline; and (h) any other relevant information or terms applicable to the product or the Auction.