Common use of Bids submission Clause in Contracts

Bids submission. The Registered Participant shall submit a default Bid or set of default Bids to the Allocation Platform in accordance with Article 20 and the following requirements: (a) it shall be submitted electronically using the Auction Tool and can be modified before the launch of a Shadow Auction; (b) it shall identify the Registered Participant submitting the Bid; (c) it shall identify the Bidding Zone border and the direction for which the Bid is submitted; (d) it shall state the Bid Price, exclusive of taxes, duties or other charges, in Euros per MW for one hour of the Product Period, i.e. Euros/MWh, expressed to a maximum of two (2) decimal places, and equal to or greater than zero; (e) it shall state the Bid Quantity in full MW which must be expressed without decimals, minimum amount of a single Bid is one (1) MW.

Appears in 2 contracts

Sources: Shadow Allocation Rules, Shadow Allocation Rules