: Public <<Narrative>> Narrative
Created: 07/08/2018 14:18:05
Modified: 15/05/2020 16:15:58
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Notes: The implicit auction is characterized by the fact that the trade responsible party bought both energy and transmission capacity at the same time.<br/>Thus the distinction between the role of capacity trader and interconnection trade responsible is not necessary for this business process.<br/>The rules covering the auction mechanism determine the market energy price for the market balance area after applying technical constraints from the system operator.<br/>
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Notes: This part of IEC 62325 specifies a package for the transmission capacity allocation business<br/>process through explicit or implicit auctions and the associated document contextual models,<br/>assembly models and XML schema for use within European style markets.<br/>This International standard is based on the European style market contextual model<br/>(IEC 62325-351).<br/>The relevant aggregate core components (ACCs) defined in IEC 62325-351 have been<br/>contextualised into aggregated business information entities (ABIEs) to satisfy the<br/>requirements of these business processes.<br/>The contextualised ABIEs have been assembled into the relevant document contextual<br/>models.<br/>Related assembly models and XML schema for the exchange of transmission capacity<br/>allocation information between market participants are automatically generated from the<br/>assembled document contextual models.<br/>
Object Type Connection Direction Notes
«BUC» Implicit auctions BusinessUseCase Dependency From