Glossary
P014 – Manifest Error Provisions Where the Bid/Offer Acceptance In Question Has Not Been Acted Upon
Formal title: Manifest Error Provisions Where the Bid/Offer Acceptance In Question Has Not Been Acted Upon
Current Status
Submission
Initial Written Assessment
Assessment Procedure
Report Phase
With Authority
Awaiting Implementation
Implemented
Summary
A proposal to allow erroneous instructions to be cancelled or rescinded where manifest error is identified before a bid or offer has been delivered. “Erroneous” and “rescinding” acceptances will then be excluded from setting imbalance prices.
Progression
The Authority rejected both the Proposed and Alternative Modifications on 15 November 2001.