Allocation Platform definition

Allocation Platform means the entity appointed and commissioned by the TSOs to act on their behalf and on its own name for the attribution of Cross Zonal Capacity through the Shadow Auctions

Allocation Platform means BritNed Development Limited;“Allocation Platform Registered Participant Guide”means the guide to these Rules published by the Allocation Platform from time to time;“Allocation Rules”means the Allocation Rules for Forward Capacity Allocation approved in accordance with Article 51 of the FCA Guideline;“Amendment Notice”means the notification and any associated documents issued by the Allocation Platform pursuant to Rule E4, provided to the Registered Participants and which provide Registered Participants with the Allocation Platform’s proposed amendment(s) to the Rules;“Applicable Law”means any statute, statutory instrument, licence (including the Allocation Platform Interconnector Licence, NGET Transmission Licence and the Licence Standards) law (whether English or Dutch) or decree or order in council or directive, or any code including the GB Grid Code, the Dutch Codes and the Balancing and Settlement Code, or any request, requirement, instruction, direction or rule of any Competent Authority but only, where not having the force of law, if compliance with the Applicable Law is in accordance with the general practice of persons to whom the Applicable Law is addressed;“Auction”means any auction conducted under these Rules;“Auction Credit Limit”means a credit limit established by a Registered Participant as referred to in Rule B7.5 in respect of participation in any Auction;“Auction Price”means the value of the Marginal Price of an Auction, and which is payable by all Unit Holders resulting from such Auction;“Auction Specification”means, the specification for the Auction published by the Allocation Platform, as described in Rules C3 and C4 for Day Ahead and Intraday Timescales or the specification for a Long Term Auction published by the Allocation Platform under the Allocation Rules;“Auction Tool”means the IT system used for conducting Auctions and other associated Transmission Rights activities;“Balancing and Settlement Code”means the code of that name established under the NGET Transmission Licence;“Bid”means a Registered Participant’s offer to buy Units in an Auction, and made in accordance with these Rules;“Bidding Period”means, in relation to an Auction, the time during which Bids may validly be submitted in that Auction in accordance withthese Rules;

Allocation Platform means BritNed Development Limited;

Examples of Allocation Platform in a sentence

• The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.

• The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction.

• A Registered Participant may at any time request the Allocation Platform to terminate the Participation Agreement to which the Registered Participant is a Party.

• The Allocation Platform or a Registered Participant, which invokes Force Majeure, shall promptly send to the other Party a notification describing the nature of Force Majeure and its probable duration and shall continue to furnish reports with respect thereto with reasonable frequency during the period of Force Majeure.

• The Allocation Platform may assign, novate or otherwise transfer any of its rights or obligations under a Participation Agreement or these Allocation Rules to another Allocation Platform.

• In case the Registered Participant has not fully paid an invoice by the due date specified on the invoice, the Allocation Platform shall notify the Registered Participant that a payment incident will be registered if the amount including applicable interest due is not received within three (3) Working Days upon sending of the notification.

• In this case, the Registered Participant shall notify the nature of the dispute and the amount in dispute to the Allocation Platform as soon as practicable and in any event within fifteen (15) Working Days after the date of issuance of the invoice or credit note by registered mail and email.

• In case where the Information System Rules allows submission of Bids with the same Bid Price by one Registered Participant the Allocation Platform may apply additional criteria or rules to decide which Bid shall be rejected.

• By signing the Participation Agreement the market participant accepts the applicable Information System Rules, as amended from time to time and published on the website of the Allocation Platform.

• Without prejudice to paragraphs 6 and 8 of this Article, where there is a dispute the Allocation Platform and the Registered Participant shall first seek amicable settlement through mutual consultation pursuant to paragraph 2.

More Definitions of Allocation Platform

Allocation Platform means an entity appointed and commissioned by responsible Transmission System Operator(s) to act on their behalf and on its own name it being a single allocation platform or regional platform(s) for the attribution of daily Cross Zonal Capacity through the Shadow Auctions as defined in the Participation Agreement;

Allocation Platform means the platform for the attribution of cross-zonal capacity through the shadow auctions on respective Core CCR bidding zone border;

Allocation Platform means either the responsible TSO(s) at the respective bidding zone border(s) or an entity appointed and commissioned by them or nominated in accordance to national regulations to act on their behalf and on its own name for the attribution of cross-zonal capacity through the shadow auctions;

Allocation Platform means in respect of the border Estonia – Latvia is the body which performs the border Estonia – Latvia Long Term Transmission Right Auctions services on behalf of Elering and AST. Functions of the Allocation Platform are performed by a designated Allocation Platform agreed by Elering and AST on the basis of a bilateral agreement between Elering and AST.

Allocation Platform means the platform for the attribution of cross-zonal capacity through the shadow auctions on respective CCR Hansa bidding zone borders.

Allocation Platform means BritNed Development Limited; “Allocation Platform Registered Participant Guide”“Affiliate” means, in relation to any person, any other person that directly or indirectly controls, is controlled by or is under direct or indirect common control with that person as control;means the guide to these Rules published by the Allocation Platform from time to time; “Allocation RulesConstraints” means the constraints to be respected during capacity allocation to maintain the transmission system within operational security limits and have not been translated into cross-zonal capacity or that are needed to increase the efficiency of capacity allocation.means the rules governing the allocation of forward capacity as set out in Annex 1 of these Rules. “Amendment Notice” means the notification and any associated documents issued by the Allocation PlatformBritNed pursuant to Rule E4F4, provided to the Registered Participants and which provide Registered Participants with the Allocation Platform’sBritNed’s proposed amendment(s) to the Rules; “Annual” means a product with a delivery period of twelve calendar months starting on 1st January and ending on 31st December of the same year; “Applicable Law” means any statute, statutory instrument, licence (including the Allocation PlatformBritNed Interconnector Licence, NGESONGET Transmission Licence and the Licence Standards) law (whether English or Dutch) or decree or order in council or directive, or any code including the GB Grid Code, the Dutch Codes and the Balancing and Settlement Code, or any request, requirement, instruction, direction or rule of any Competent Authority but only, where not having the force of law, if compliance with the Applicable Law is in accordance with the general practice of persons to whom the Applicable Law is addressed; “Application Form” means the form designated by BritNed for the purposes of these Rules to apply for a Participation Agreement “Auction” means any auction conducted under these Rules; “Auction Credit LimitPrice” means a credit limit establishedthe value of the Marginal Price of an Auction, and which is payable by a Registered Participant as referred to in Rule B5.2 in respect of participation in anyall Participants resulting from suchAuction;