Ascending Clock Auction definition
Ascending Clock Auction means an auction in which a network user places requested quantities against defined price steps, which are announced sequentially;
Ascending Clock Auction means an auction in which a Shipper may place requested quantities in kWh/d of IP Capacity in a Bid against defined price steps which are announced and applied sequentially in a series of Bidding Rounds;
Ascending Clock Auction means an auction in which Shippers place requested quantities of IP Capacity in a bid against defined price steps which are applied sequentially in a series of Bidding Rounds. The Ascending Clock Auction shall be applied to Annual IP Capacity, Quarterly IP Capacity and Monthly IP Capacity.
More Definitions of Ascending Clock Auction
Ascending Clock Auction means an auction in which the User places requested quantities of capacity in a bid against defined price steps which are applied sequentially in a series of bidding rounds.
Ascending Clock Auction means an auction in which a Network User Member places requested quantities against defined price steps, which are announced sequentially.
Ascending Clock Auction means an auction in which Shippers place requested quantities against defined price steps, which are applied sequentially, in a series of bidding rounds;