XBID definition

XBID means the cross border intraday system. The XBID incorporate the shared order book as defined in the CACM Regulation. The XBID system also incorporate the capacity management module (CMM) from which the shared order book allocates capacity.
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Examples of XBID in a sentence

  • The TSOs undertake to comply with any commitment incumbent on the NEMOs in respect of the use by the TSOs of the XBID System as provided in the XBID-DSA License or in any other provision of the XBID-MSA.

  • The NEMOs grant the Explicit Participants the right to access and use the XBID System to the extent needed to participate in explicit allocation in the context of the SIDC.

  • Decision making in the Incident Committee is subject to the related provisions of the same Exhibit 6 (Joint XBID Procedures).

  • Without prejudice to the general principle under Article 6.1., at least the following shall be TSOs’ individual responsibility: its access to the XBID System; the systems and business processes concerned by or involved in the SIDC; its activities of/arrangements with its Explicit Participants; and any actions, tasks or obligations imposed on a TSO individually by CACM or the Agreement.

  • Communication on Joint XBID Procedures is subject to Article 18.2.3.

  • For the avoidance of doubt, this Article 4.3.1.4 does not apply to the Service Provider since it has access to the XBID System due to the nature of the services it provide under the XBID MSA.

  • Should a functionality already be implemented in the XBID System at the time of signature of the Agreement, such functionality can be used by the TSOs as long as there is a tested procedure for it and such procedure is included in Exhibit 6 (Joint XBID Procedures) or in the TCID, and also provided this use is in compliance with the XBID-DSA License.

  • For the purpose of this Article any activity falling under the scope of the Joint XBID Procedures is considered an essential activity (e.g. CMM central administrator, which is at date of entry into force of the Agreement subcontracted to the Joint Allocation Office (JAO)).

  • Only Operational Parties and the Parties having notified to the MCSC their intention of going live in the subsequent Lip Go-Live may attend the Incident Committee in accordance with the Joint XBID Procedures.

  • For the avoidance of doubt, the NEMOs can retrieve the TSOs’ data from the XBID System for internal simulations.

Related to XBID

  • BC Bid means the BC Bid website located at www.bcbid.ca;

  • Proposal / Bid means the technical proposal and the commercial/financial proposal.

  • Submitted Bid has the meaning specified in Section 11.10(d)(i) below.

  • Best Bid means the highest posted bid price of the Common Stock.

  • bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;