Auction Results Determination Sample Clauses

Auction Results Determination. 1. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 32, the Allocation Platform shall determine the Auction results and allocate the Daily Transmission Rights in accordance with this Article.
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Auction Results Determination. After the expiration of the Bidding Period for an Auction and the Credit Limit verification pursuant to Article 32, the Allocation Platform shall determine the Auction results and allocate the Daily Transmission Rights in accordance with this Article. The Auction results determination shall include the following: determination of the total quantity of the allocated Daily Transmission Rights per Bidding Zone border and direction; identification of winning Bids to be fully or partially satisfied; and determination of the Marginal Price per Bidding Zone border and direction. The Allocation Platform shall determine the Auction results using an optimization function aiming at maximization of the sum of the Registered Participants’ surplus and the Congestion Income generated by the winning Bids while respecting the constraints of the optimization function in form of relevant Offered Capacities. The Allocation Platform shall publish additional explanatory information on the optimization function of the algorithm on its website. The Allocation Platform shall determine the Marginal Price at each Bidding Zone border and direction based on the following criteria: if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted is lower than or equal to the relevant Offered Capacity for the relevant Auction, then the Marginal Price shall be zero; if the total quantity of Cross Zonal Capacity for which valid Bids have been submitted exceeds the relevant Offered Capacity for the relevant Auction, the Marginal Price shall be set at the lowest Bid(s) Price(s) allocated in full or in part using the respective Offered Capacities. If two (2) or more Registered Participants have submitted for one Bidding Zone border and direction valid Bids with the same Bid Price, that cannot be accepted in full for the total requested quantity of Daily Transmission Rights, the Allocation Platform shall determine the winning Bids and the quantity of the allocated Daily Transmission Rights per Registered Participant as follows: the Cross Zonal Capacity available for the Bids which sets the Marginal Price shall be divided equally between the number of the Registered Participants which submitted these Bids; in case the quantity of Daily Transmission Rights requested by a Registered Participant at Marginal Price is lower than or equal to the share calculated according to item (a) above, the request of this Registered Participant shall be fully satisfied; in case the request...
Sample 1

Related to Auction Results Determination

  • Mediation Results Any agreements resulting from mediation shall be memorialized in writing. The results of the mediation shall not be final or binding unless otherwise agreed to in writing by the parties. Mediators shall not be subject to any subpoena or liability, and their actions shall not be subject to discovery.

  • Audit Results If an audit by a Party determines that an overpayment or an underpayment has occurred, a notice of such overpayment or underpayment shall be given to the other Party together with those records from the audit which support such determination.

  • Justification and Anticipated Results The Privacy Act requires that each matching agreement specify the justification for the program and the anticipated results, including a specific estimate of any savings. 5 U.S.C. § 552a(o)(1)(B).

  • Discussion Staff has reviewed the proposal relative to all relevant policies and advise that it is reasonably consistent with the intent of the MPS. Attachment B provides an evaluation of the proposed development agreement in relation to the relevant MPS policies.

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