: Public <<Activity>> Activity
Created: 07/08/2018 14:18:14
Modified: 07/08/2018 14:18:14
Project:
Advanced:
The Transmission Capacity Allocator allocates the capacity to the Capacity Traders<br/>according to the allocation mechanism described in the applicable auction rules.<br/>The ECAN process can accommodate different allocation mechanisms, such as using an “Order by price” and “pay as cleared” mechanism, if the sum of the Capacity for<br/>which valid Bids have been submitted is equal to or less than the amount of the Capacity<br/>available for the Auction, the Clearing Price is zero. If the total amount of Capacity for<br/>which valid Bids have been submitted exceeds the available Transmission Capacity for<br/>the Auction in question, the highest Bid(s) for Capacity in an amount that does not exceed<br/>the available Transmission Capacity is (are) accepted. The remaining Capacity is<br/>awarded to the Capacity Trader(s) which has (have) submitted the next highest Bid(s) for<br/>Capacity in an amount that does not exceed the remaining Capacity; and so on for<br/>Capacity remaining after that in a “pro-rata” or “first come – first served” basis. Capacity is<br/>provided at the price of the lowest Bid that is accepted or, where the lowest Bid relates to<br/>Capacity in an amount that falls partially within the remaining Capacity, partially accepted.<br/>Other allocation mechanisms such as “first come, first serve” or “pro rata” and “no<br/>payment terms” exist. These follow in an identical manner the auction process with the<br/>exceptions of the requirement for a bid price in the Bid document, and the need to order<br/>by price.<br/>
Element Name
Verify the correctness of all bids
Activity  
 
Details:
 
Property Value
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