Buy Bids Sample Clauses

Buy Bids. The total FTR buy bids in the 2013 to 2014 Annual FTR Auction were 3,274,373 MW. The total FTR buy bids in the Monthly Balance of Planning Period FTR Auctions for the 2012 to 2013 planning period were 19,685,688 MW.
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Buy Bids. The total FTR buy bids in the 2014 to 2015 Annual FTR Auction were 3,270,311 MW. The total FTR buy bids in the Monthly Balance of Planning Period FTR Auctions for the 2013 to 2014 planning period were 25,088,665 MW. Patterns of Ownership The overall ownership structure of FTRs and the ownership of prevailing flow and counter flow FTRs is descriptive and is not necessarily a measure of actual or potential FTR market structure issues, as the ownership positions result from competitive auctions. In order to evaluate the ownership of prevailing flow and counter flow FTRs, the MMU categorized all participants owning FTRs in PJM as either physical or financial. Physical entities include utilities and customers which primarily take physical positions in PJM markets. Financial entities include banks and hedge funds which primarily take financial positions in PJM markets. International market participants that primarily take financial positions in PJM markets are generally considered to be financial entities even if they are utilities in their own countries. Table 13-2 presents the Annual FTR Auction cleared FTRs for the 2014 to 2015 planning period by trade type, organization type and FTR direction. In the Annual FTR Auction for the 2014 to 2015 planning period, financial entities purchased 57.5 percent of prevailing flow FTRs and 80.0 percent of counter flow FTRs, with the result that financial entities purchased 64.4 percent of all Annual FTR Auction cleared buy bids for the 2014 to 2015 planning period. Table 13‑2 Annual FTR Auction patterns of ownership by FTR direction: Planning period 2014 to 2015 FTR Direction Trade Type Organization Type Self‑Scheduled FTRs Prevailing Flow Counter Flow All Buy Bids Physical Yes 10.4% 0.6% 7.4% No 32.1% 19.5% 28.2% Total 42.5% 20.0% 35.6% Financial No 57.5% 80.0% 64.4% Total 100.0% 100.0% 100.0% Sell Offers Physical 28.2% 25.4% 27.4% Financial 71.8% 74.6% 72.6% Total 100.0% 100.0% 100.0% Table 13-3 presents the Monthly Balance of Planning Period FTR Auction cleared FTRs for January through June 2014 by trade type, organization type and FTR direction. Financial entities purchased 78.1 percent of prevailing flow and 87.4 percent of counter flow FTRs for the year, with the result that financial entities purchased 81.4 percent of all prevailing and counter flow FTR buy bids in the Monthly Balance of Planning Period FTR Auction cleared FTRs for January through June 2014. 7 See PJM. “Manual 6: Financial Transmission Rights,” Revi...
Sample 1
Buy Bids. In the 2012 to 2015 Long Term FTR Auction, total FTR buy bids increased 1.3 percent from 400,222 MW to 405,504 MW. In the Annual FTR Auction total FTR buy bids and self scheduled bids increased 84.8 percent from 1,764,288 MW to 3,260,695 MW. The total FTR buy bids from the Monthly Balance of Planning Period FTR Auctions for the first seven months of the 2011 to 2012 planning period increased 42.3 percent from 8,973,645 MW, during the same time period of the prior planning period, to 12,767,075 MW. Limits on Number of Bids The PJM tariff specifies that PJM has the authority to limit the maximum number of FTR bids to 5,000 per participant for a monthly auction, or a single round of an annual auction, if necessary to avoid system performance issues.20 PJM has previously limited the maximum number of bids per participant to 20,000 bids. Effective with the September 2011 Monthly Balance of Planning Period FTR Auction, PJM reduced the maximum number of bids per participant to 10,000 bids for any FTR auction. For example, a participant in the September 2011 Monthly Balance of Planning Period FTR Auction could place 10,000 bids for each of the six periods of September, October, November, Q2, Q3 and Q4 for a total of 60,000 bids. PJM indicated that this reduction was required for reasons of system performance.21 This rule change affected only a small number of participants. The number of unique participants in the Annual FTR Auction has increased 20 OA Schedule 1 § 7.3.5(d). 21 See Messages section in eFTR within the PJM eSuite application <xxxxx://xxxxxx.xxx.xxx/mui/> (Accessed November 4, 2011). from 74, in the 2003 to 2004 planning period, to 272 in the 2011 to 2012 planning period, and the average MW bid has decreased from its peak of 29 MW per participant in the 2004 to 2005 planning period to 14 MW per bid in the 2011 to 2012 planning period. Credit Issues Default There were eight participants that defaulted during the 2011 calendar year and 12 default events. The average default for the 2011 calendar year was $282,721 with a maximum default of $2.55 million. Of all the defaults eight were based on collateral and four were based on payments. Six of the eight defaulting participants were financial companies. All of the credit defaults were promptly cured in the 2011 calendar year.22 These defaults were not related to FTR positions. Credit Rules Following a series of high profile defaults, PJM made significant reforms to its credit policies in 2007– 2009.23 On ...
Sample 1

Related to Buy Bids

  • LATE BIDS 23.1 Any bid received by the Employer after the deadline for submission of bids prescribed in Clause 22 will be returned unopened to the bidder.

  • LATE BIDS For purposes of Bid openings held and conducted by OGS, a Bid must be received in such place as may be designated in the Bid Documents or if no place is specified in the OGS Mailroom located in the Empire Xxxxx Xxxxx, Xxxxxx, Xxx Xxxx 00000, at or before the date and time established in the Bid Specifications for the Bid opening. For purposes of Bid openings held and conducted by Authorized Users other than OGS, the term late Bid is defined as a Bid not received in the location established in the Bid Specifications at or before the date and time specified for the Bid opening. Any Bid received at the specified location after the time specified will be considered a late Bid. A late Bid shall not be considered for award unless: (i) no timely Bids meeting the requirements of the Bid Documents are received or, (ii) in the case of a multiple award, an insufficient number of timely Bids were received to satisfy the multiple award; and acceptance of the late Bid is in the best interests of the Authorized Users. Bids submitted for continuous or periodic recruitment contract awards must meet the submission requirements associated with their specifications. Delays in United States mail deliveries or any other means of transmittal, including couriers or agents of the Authorized User shall not excuse late Bid submissions. Similar types of delays, including but not limited to, bad weather, or security procedures for parking and building admittance shall not excuse late Bid submissions. Determinations relative to Bid timeliness shall be at the sole discretion of the Commissioner.

  • E-Bidders intending to authorize any person to execute the Memorandum/Contract of Sale upon successful bidding of the property shall do so by furnishing the following documents to the Auctioneer:

  • Rejection of Bids 22.1. The ACCO may reject a Bid if:

  • WITHDRAWAL OF BIDS Bids may be withdrawn by bidders prior to the time set for official opening. After time has been called, no bid may be withdrawn for a period of thirty-five days after the time and date of opening except as provided in O.C.G.A Section 13-10-22 (appreciable error in calculation of bid). Negligence or error on the part of any bidder in preparing his bid confers no right of withdrawal or modification of his bid after time has been called except as provided by Georgia law.

  • Competitive Bidding 3.5.2.1 Bidding Documents shall consist of bidding requirements and proposed Contract Documents.

  • For E-bidding The auctioneer and the Bank’s solicitor shall sign all 5 copies of contract first, right after the auction. The successful E-bidder must to come to the ESZAM AUCTIONEER SDN BHD main office in Seremban to sign the Contract of Sale within two (2) working days after the auction date.

  • Competitive Bid Loans Subject to the terms and conditions set forth herein, a Borrower may, from time to time, during the period from the Closing Date until the date occurring seven days prior to the Maturity Date, request and each Lender may, in its sole discretion, agree to make Competitive Bid Loans to such Borrower; provided, however, that (A) the sum of the aggregate amount of Revolving Loans outstanding plus the aggregate amount of Competitive Bid Loans outstanding to the Borrowers on any day shall not exceed the Revolving Loan Commitment and (B) if a Lender makes a Competitive Bid Loan, such Lender’s obligation to make its pro rata share of any Revolving Loan shall not be reduced thereby.

  • Acceptance of Competitive Bids Not later than 11:30 a.m. (i) on the requested date of any Bid Borrowing that is to consist of Absolute Rate Loans, and (ii) three Business Days prior to the requested date of any Bid Borrowing that is to consist of Eurodollar Margin Bid Loans, the Borrower shall notify the Administrative Agent of its acceptance or rejection of the offers notified to it pursuant to Section 2.03(d). The Borrower shall be under no obligation to accept any Competitive Bid and may choose to reject all Competitive Bids. In the case of acceptance, such notice shall specify the aggregate principal amount of Competitive Bids for each Interest Period that is accepted. The Borrower may accept any Competitive Bid in whole or in part; provided that:

  • Shift Bidding All stations will use voting procedures described below to determine shift bidding. A “show of interest” is defined as fifty-five percent (55%) of affected employees submitting their interest in writing:

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