Shadow Auction definition

Shadow Auction means the explicit auction run by the Allocation Platform by which daily Cross Zonal Capacity is offered as Fallback Procedure for the single day-ahead coupling process and allocated to market participants who submit bid(s) according to the Shadow Allocation Rules (SAR);
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Shadow Auction means the explicit auction executed by the Allocation Platform during which daily cross-zonal capacity is offered as a fallback
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Shadow Auction means the explicit auction run by the Allocation Platform by which daily Cross Zonal Capacity is offered as fallback procedure for the single day-ahead coupling process and allocated to market participants who submit bid(s);
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Examples of Shadow Auction in a sentence

  • A Shadow Auction cancellation may be announced in the following cases: before the Cross Zonal Capacity is deemed to be allocated in case the Allocation Platform faces technical obstacles during the Shadow Auction process like a failure of standard processes and fallback procedures or similar reasons; and during the contestation period, in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Transmission Rights to Registered Participants or similar reasons.

  • The rules and regulations for the daily shadow auctions are principally laid down in these Daily Shadow Auction Rules and specifically in the ”KAPAR User’s Guide” published on the website of MAVIR www.mavir.hu.

  • If default Bid Quantity or a quantity calculated as a sum of the Bid Quantities for several default Bids submitted for the same Shadow Auction by the Registered Participant exceeds the final Offered Capacity, Bid Quantity will be decreased to be equal to the Offered Capacity.

  • A default Bid, once identified as such by the Registered Participant, shall apply automatically to each subsequent relevant Shadow Auction as defined by the Registered Participant when placing the default Bid.

  • A Registered Participant not wishing to submit the default Bid on the Auction Tool for future Shadow Auctions can cancel its default Bids before the subsequent Shadow Auction Bidding Period opening.

  • Each Registered Participant fulfilling the requirements for participating in the Shadow Auction may place the Bids for the Bidding Zone borders for which they are entitled according to Articles 28 and 30.

  • A Registered Participant who wants to modify a default Bid for a future Shadow Auction shall change the Bid Quantity and the Bid Price of its default Bids before the applicable Shadow Auction Bidding Period opening.

  • The actual version of the Daily Shadow Auction Rules is published on the website of MAVIR www.mavir.hu and on the website of TEL www.

  • If the Auction Participant does not want to submit to the Daily Shadow Auction Rules and the ”KAPAR User’s Guide” the Auction Participant shall be expressly barred from the access to the daily shadow auctions on TEL/MAVIR interconnection.

  • TEL and MAVIR reserve the right to change operationally a business day regime– i.e. time closures in reasonable cases in accordance with the Daily Shadow Auction Rules especially in case of technical problems.


More Definitions of Shadow Auction

Shadow Auction means the explicit auction executed by the Allocation Platform by which daily cross-zonal capacity is offered as fallback procedure for the SDAC and allocated to market participants who submit bid(s);
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Shadow Auction means the explicit auction run by Allocation Platform(s) by which daily Cross Zonal Capacity is offered as fallback procedure for the day-ahead market coupling and allocated to market participants who submit Bid(s); Use It Or Lose It (UIOLI) means an automatic application by which the underlying daily Cross Zonal Capacity of the non-nominated Physical Transmission Rights irrevocably fall back to the relevant TSO(s) and whereby Transmission Right holders that do not nominate to use their rights have no right to receive a pay-out; Working Day means the calendar days from Monday to Friday, with the exception of public holidays as specified on the website of the Allocation Platform;
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Shadow Auction means the explicit auction run by Allocation Platform(s) by which daily Cross Zonal Capacity is offered as fallback procedure for the day-ahead market coupling and allocated to market participants who submit Bid(s);
Sample 1

Related to Shadow Auction

  • public auction means a method of sale where goods or services are offered by the trader to consumers, who attend or are given the possibility to attend the auction in person, through a transparent, competitive bidding procedure run by an auctioneer and where the successful bidder is bound to purchase the goods or services;

  • Dutch Auction means an auction (an “Auction”) conducted by Holdings or one of its Subsidiaries in order to purchase any Term Loans under a Tranche (the “Purchase”) in accordance with the following procedures or such other procedures as may be agreed to between the Administrative Agent and the Borrower:

  • E-Auction Process /”E-Auction” shall mean the electronic auction process for sale of the Company conducted in accordance with the provisions of IBC, Liquidation Process Regulations, Applicable Law(s) and this E- Auction Process Information Document inviting Bid from the Bidders for consummating the sale of Company on going concern basis in accordance with the provisions of IBC and Liquidation Process Regulations;

  • electronic auction means an iterative process that involves the use of electronic means for the presentation by suppliers of either new prices, or new values for quantifiable non-price elements of the tender related to the evaluation criteria, or both, resulting in a ranking or re-ranking of tenders;

  • Auction shall have the meaning specified in Section 2.1 hereof.

  • Incremental Auction means any of several auctions conducted for a Delivery Year after the Base Residual Auction for such Delivery Year and before the first day of such Delivery Year, including the First Incremental Auction, Second Incremental Auction, Third Incremental Auction or Conditional Incremental Auction. Incremental Auctions (other than the Conditional Incremental Auction), shall be held for the purposes of:

  • Base Residual Auction means the auction conducted three years prior to the start of the Delivery Year to secure commitments from Capacity Resources as necessary to satisfy any portion of the Unforced Capacity Obligation of the PJM Region not satisfied through Self- Supply.

  • Reliability Pricing Model Auction or “RPM Auction” shall mean the Base Residual Auction or any Incremental Auction, or, for the 2016/2017 and 2017/2018 Delivery Years, any Capacity Performance Transition Incremental Auction.

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • Direct response solicitation means a solicitation through a sponsoring or endorsing entity or individually solely through mails, telephone, the Internet or other mass communication media.

  • Auction Date means the first Business Day preceding the first day of a Dividend Period.

  • Conditional Incremental Auction means an Incremental Auction conducted for a Delivery Year if and when necessary to secure commitments of additional capacity to address reliability criteria violations arising from the delay in a Backbone Transmission upgrade that was modeled in the Base Residual Auction for such Delivery Year.

  • Auction Notice has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Last best offer package means the offer exchanged by parties not less than 14 days prior

  • Loose-fitting facepiece means a respiratory inlet covering that is designed to form a partial seal with the face.

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Invitation to Bid or “Bid” shall mean all documents, including those attached or incorporated by reference, used for soliciting bids.

  • Tight-fitting facepiece means a respiratory inlet covering that forms a complete seal with the face.