Uniform Price Auction definition

Uniform Price Auction means an auction in which the network user in a single bidding round bids price as well as quantity and all network users, who are successful in gaining capacity, pay the price of the lowest successful bid;
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Uniform Price Auction means an auction in which the Shipper in a single Bidding Round bids price as well as capacity quantity and where all Shippers who are allocated capacity pay the price of the lowest successful Bid;
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Uniform Price Auction means an auction in which the Shipper, in a single Bidding Round, bids price as well as capacity amount and all Shippers who are allocated Capacity pay the price of the lowest successful bid. Uniform Price Auctions shall apply in the case of Daily IP Capacity.
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Examples of Uniform Price Auction in a sentence

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  • Bidding in a Uniform Price Auction 2.9.9 In each Auction a Shipper may apply for IP Capacity by submitting a Bid within the Bid Window in accordance with this section 2.9. 2.9.10 A Shipper can submit up to 10 Bids in a Uniform Price Auction each of which shall be separate and independent of the others.

  • The initial auction shall be conducted as a Single Round Sealed-Bid Uniform Price Auction.

  • The price of the issue will be determined by Competitive Uniform Price Auction.

  • If an Auction (‘A’) has not Closed by the closure deadline for the next following Auction (‘B’, whether an Ascending Clock Auction or a Uniform Price Auction) in respect of Interconnection Point Capacity for the same Interconnection Point, Direction and Class as Auction A but for any Capacity Period which falls within the Capacity Period for Auction A, Auction A shall be discontinued without Closing and no Bid in Auction A shall have any effect.

  • This paragraph 5 sets out the basis on which Uniform Price Auctions will be held (and in this paragraph 5 references to an Auction are to a Uniform Price Auction).

  • The Department, in consultation with the Delaware Public Service Commission, may employ a Single Round Sealed-Bid Uniform Price Auction or an Ascending Price, Multiple Round Auction in subsequent auctions or such other auction design as determined by the Department.

  • Aggregate information with respect to each Uniform Price Auction shall be published on the JBP including the total amount of IP Capacity allocated and the applicable Clearing Price.

  • A Competitive Uniform Price Auction with open bidding will determine the price of the issue.

  • The Uniform Price Auction shall be applied to Daily VRF capacity auctions.


More Definitions of Uniform Price Auction

Uniform Price Auction means an auction in which the User in a single bidding round bids price as well as capacity quantity, and all Users who are successful in gaining capacity pay a common clearing price.
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Uniform Price Auction means an auction in which the Network User Member in a single bidding round bids price as well as quantity and all Network User Members, who are successful in gaining capacity, pay the price of the lowest successful bid.
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Uniform Price Auction means an auction in which Shippers bid capacity price and volume in a single bidding round;
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Uniform Price Auction means an auction in which the Shipper in a single Bidding Round bids price as well as capacity quantity and where all
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Related to Uniform Price Auction

  • 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;

  • Firm price means the price that is only subject to adjustments in accordance with the actual increase or decrease resulting from the change, imposition, or abolition of customs or excise duty and any other duty, levy, or tax, which, in terms of the law or regulation, is binding on the contractor and demonstrably has an influence on the price of any supplies, or the rendering costs of any service, for the execution of the contract;

  • non-firm prices means all prices other than “firm” prices;

  • 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:

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

  • Price means an amount of money tendered for goods or services, and includes all applicable taxes less all unconditional discounts;

  • Catalog Pricing shall be defined as: "The then available list of goods or services, in the most current listing regardless of date, that takes the form of a catalog, price list, price schedule, shelf-price or other viewable format that:

  • Technical Bid means the bid submitted online through the electronic bidding platform, containing the documents as listed out in Clause 2.5.2 of this RFP;

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day.

  • Resettlement Framework or “RF” means the resettlement framework for the Project, including any update thereto, prepared and submitted by the Borrower and cleared by ADB;

  • Benchmarked Price means the higher of:

  • Price Schedule means the schedules or any part or individual schedule thereof, submitted by the Bidder with his Bid and forming a part of the Contract;

  • LIBOR Auction means a solicitation of Money Market Quotes setting forth Money Market Margins based on the London Interbank Offered Rate pursuant to Section 2.03.

  • SAFE Price means the price per share equal to (x) the Valuation Cap divided by (y) the Fully Diluted Capitalization.

  • 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.