CAPACITY AUCTIONS Sample Clauses

The Capacity Auctions clause defines the rules and procedures for participating in auctions where electricity capacity is bought and sold. Typically, this clause outlines how parties can submit bids, the criteria for winning bids, and the obligations of successful bidders to provide capacity during specified periods. For example, it may specify timelines for auction rounds, qualification requirements for participants, and penalties for non-performance. The core function of this clause is to ensure a transparent and competitive process for securing adequate electricity supply, thereby helping to maintain grid reliability and manage supply risks.
CAPACITY AUCTIONS. A PRE-REQUISITES FOR PARTICIPATION TO CAPACITY AUCTIONS
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CAPACITY AUCTIONS. Genco shall cause ▇▇▇▇▇ ▇▇ to auction its capacity in accordance with the terms of Section 10.14 of the Master Separation Agreement.
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CAPACITY AUCTIONS. 33 8.13 Nuclear Decommissioning Trust and Investment........................................... 33 ARTICLE IX MISCELLANEOUS................................................................................... 33
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CAPACITY AUCTIONS. A7.A PRINCIPLES As described in Art. II.7.1 ▇▇▇▇ participates in an international cooperation with other Participating TSO’s in order to procure its required FCR PowerCapacity through a Regional Procurement Platform. Rules and processes governing the Regional Procurement Platform are described in the “Proposal of the establishment of common and harmonised rules and processes for the exchange and procurement of Balancing Capacity for Frequency Containment Reserves (FCR)” dated 18 October 2018 (hereinafter referred to as “RPP rules and processes for FCR”) and published on the ▇▇▇▇ website. This international cooperation is, at the moment of drawing this contractBSP Contract FCR and due to constraints set by local legislations, organized around two Central Clearing Systemscentral clearing systems, coupled together. ▇▇▇▇ and BSPsbalancing service providers from its LFC Block participate in the Regional Procurement Platform through the bidding platform ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. BSPsBalancing service providers whose Delivery Points are located within ELIA’s LFC Block need to have concluded a valid BSP Contract FCR with ▇▇▇▇ to be allowed to participate in the Regional Procurement Platform. Once the BSP contract FCR is concluded with ▇▇▇▇, ▇▇▇▇ will provide the required acces rights to the Regional Procurement Platform to the BSP. The BSP has to sign the BSP Contract FCR at least 5 Working Days before participation to his first auction. Through the Regional Procurement Platform the BSP will be able to offer volumes of FCR PowerCapacity to all TSO’s who have signed an agreement at the moment of the auction. Offers will beFCR Capacity Bids are selected so as to respect the Core Share obligation and minimize the total cost of the overall remaining volume to be procured through the platform and considering constraints set in local legislation.
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Related to CAPACITY AUCTIONS

  • AFTER AUCTION 6.1 Any successful E-bidders shall and undertake to sign the Contract of Sale within three (3) working days. 6.2 The Auctioneer shall send the Contract of Sale for stamping and thereafter forward the same together with the deposit paid to the Assignee/Bank. 6.3 For stamping of 5 contracts, the successful E-bidders shall transfer RM100.00 to the ESZAM AUCTIONEER SDN BHD bank account or pay by cash when signing the Contract of Sale within two (2) working days from the Auction day.

  • Auctions Lessee shall not conduct, nor permit to be conducted, either voluntarily or involuntarily, any auction upon the Premises without first having obtained Lessor's prior written consent. Notwithstanding anything to the contrary in this Lease, Lessor shall not be obligated to exercise any standard of reasonableness in determining whether to grant such consent.

  • BEFORE AUCTION 4.1 All intended bidder can access to the ESZAM AUCTIONEER SDN BHD website to download the Proclamation of Sale (POS) & Conditions of Sale (COS). By proceeding with E-bidding with ESZAM AUCTIONEER SDN BHD, the E-bidders’ have agreed and accepted the ESZAM AUCTIONEER SDN BHD terms and conditions. Any bid by registered E-bidder shall not be withdrawn once entered. 4.2 All intended bidders can choose either to attend the auction physically (On-site bidder) or by E-bidding. For E-bidding, they can bid online from any places as long as the E-bidder has the device and good internet connection to log in to our ESZAM AUCTIONEER SDN BHD website and click on eZ2Bid button. 4.3 The E-bidder will receive the Bidding Code one (1) day before auction date and link to bid online via email and SMS once ESZAM AUCTIONEER SDN BHD receiving of the deposit.

  • RESERVE PRICE AND BIDDING AT AUCTION 1.1 This sale is made by AmBank (M) Berhad [196901000166 (8515-D)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Composite Loan Agreement and Assignment and Power of Attorney both dated 02nd Day Of June, 2004executed by ▇▇▇▇ ▇▇▇▇ A/P VELOO(“Assignors/Borrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale. 1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date. 1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date. 1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - (a) determine or vary the order of sale; (b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or (c) withdraw any of the properties from the sale.

  • Auction The one-time auction conducted by the Trustee, as described in Section 9.01(b) hereof.