gate closure definition
gate closure means, for a frequency keeping offer, the time referred to in clause 13.46 of the
gate closure means the timeline as defined in IEGC;
gate closure means the point in time prior to physical delivery when offers made by a generator with respect to a generating station or individual generating unit or by a supplier become final and changes to offers may no longer be accepted except in exceptional circumstances to be defined by the Commission under the Market Arrangements for Electricity Rules to be developed under Regulation 5;
More Definitions of gate closure
gate closure means, in relation to a Balancing Period, the last hour bar falling prior to the hour bar on which the Balancing Period commences;
gate closure. : means:(i) in relation to a Settlement Period, the spot time one hour before the spot time at the start of that Settlement Period; or(ii) in relation to a Replacement Reserve Auction Period, the Gate Closure time to be notified to BSCCo by the NETSO following the approval of the relevant proposal under Article 24 of Commission Regulation 2017/2195 provided that:(A) such spot time shall occur no earlier than one hour before, and no later than fifty five minutes before, the spot time at the start of the Settlement Period that coincides with the start of that Replacement Reserve Auction Period;(B) such approved Gate Closure shall be published by BSCCo on the BSC Website; and(C) in the absence of an approved proposal under Article 24 of Commission Regulation 2017/2195, Gate Closure in relation to a Replacement Reserve Auction Period shall be one hour before the spot time at the start of the Settlement Period that coincides with the start of that Replacement Reserve Auction Period; "GC and DC Breach Monitoring Criteria" has the meaning given to that term in Section K3.4.7A; "GC and DC Breach Monitoring": has the meaning given to that term in Section K3.4.7A; "GC Breach Monitoring Criterion": has the meaning given to that term in Section K3.4.7A; "GC Limits": means the values established and from time to time revised and approved in accordance with Section K3.4.3A; "GC or DC Breach Notification": has the meaning given to that term in Section K3.4.7D; "GC or DC Conflict Resolution Priority Order": has the meaning given to that term in Section K3.4.7O; "GC or DC Estimation Challenge Guidance" has the meaning given to that term in Section K3.4.7L; "GC or DC Estimation Challenge": has the meaning given to that term in Section K3.4.7G;
gate closure means, for a frequency keeping offer, the time referred to in clause 13.46 of the Code after which the offer could not be revised if the offer were a reserve offer;
gate closure means in relation to a Trading Day, 11.00 hours on the previous Trading Day;