Demand Bid definition

Demand Bid means a bid, submitted by a Load Serving Entity in the Day-ahead Energy Market, to purchase energy at its contracted load location, for a specified timeframe and megawatt quantity, that if cleared will result in energy being scheduled at the specified location in the Day-ahead Energy Market and in the physical transfer of energy during the relevant Operating Day.
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Demand Bid means a bid, submitted by a Load Serving Entity in the Day-ahead Energy Market, to purchase energy at its contracted load location, for a specified timeframe and megawatt quantity, that if cleared will result in energy being scheduled at the specified location
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Demand Bid means a bid, submitted by a Load Serving Entity in the Day-ahead Energy Market, to purchase energy at its contracted load location, for a specified timeframe and megawatt quantity, that if cleared will result in energy being scheduled at the specified location in the Day- ahead Energy Market and in the physical transfer of energy during the relevant Operating Day.
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Examples of Demand Bid in a sentence

  • In the case that a Resource has a Real-Time unit status of “unavailable” for an entire day, that day will not contribute to the quantity of Asset Related Demand Bid Block-Hours.

  • However, if the Resource has at least one hour of the day with a unit status of “available,” the entire day will contribute to the quantity of Asset Related Demand Bid Block-Hours.

  • Each Participant shall have for each hour a Day-Ahead Market Settlement Obligation for Energy at each Location equal to the megawatthours, if any, of its Demand Bid accepted by the System Operator in the Day-Ahead Market for Energy at that Location, adjusted up or down, as appropriate, to reflect Bilateral Transactions entered into by the Participant that transfer for the hour all or part of a Day-Ahead Market Settlement Obligation for Energy at that Location to or from another Participant.

  • Each Demand Bid Price for a block of Energy shall be equal to or less than the Price for any lesser quantity of Energy.

  • Energy Offer Floor is negative $150/MWh. Energy Transaction Units (Energy TUs) are the sum for the month for a Customer of Bilateral Contract Block-Hours, Demand Bid Block-Hours, Asset Related Demand Bid Block-Hours, Supply Offer Block- Hours, Demand Reduction Offer Block-Hours, and Energy Non-Zero Spot Market Settlement Hours.

  • TEA will monitor and compare Demand Bid information resident in the CAISO portal with submitted information and use commercially reasonable efforts to validate Day Ahead Market data submissions.

  • Energy Offer Cap is $1,000/MWh. Energy Offer Floor is negative $150/MWh. Energy Transaction Units (Energy TUs) are the sum for the month for a Customer of Bilateral Contract Block-Hours, Demand Bid Block-Hours, Asset Related Demand Bid Block-Hours, Supply Offer Block- Hours and Energy Non-Zero Spot Market Settlement Hours.

  • Blocks of the bid in effect for each hour will be totaled to determine the daily quantity of Asset Related Demand Bid Block-Hours.

  • In the event that a Demand Bid is removed from the Day-Ahead Market, because no Demand Bids for load can be submitted in the Real-Time Market, Scheduling Coordinators for the load not cleared in the Day-Ahead Market will be settled as Uninstructed Imbalance Energy as provided in Section 11.5.2.

  • Asset Related Demand Bid Block-Hours are Block-Hours assigned to the Lead Market Participant for each Asset Related Demand bid.


More Definitions of Demand Bid

Demand Bid. A proposal by a Participant to receive and pay for Energy, at a specified Location and at a specified Demand Bid Price, that is submitted to the System Operator pursuant to the Agreement and applicable Market Rules, and includes information with respect to the quantity to be received and paid for and other matters complying with the Market Rules.
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Demand Bid means a bid, submitted by a Load Serving Entity in the Day-ahead Energy Market, to purchase energy at its contracted load location, for a specified timeframe and
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Demand Bid means a request to purchase an amount of energy, at a specified Location, or an amount of energy at a specified price, that is associated with a physical load. A cleared Demand Bid in the Day-Ahead Energy Market results in scheduled load at the specified Location. Demand Bids submitted for use in the Real-Time Energy Market are specific to Dispatchable Asset Related Demands only.
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Related to Demand Bid

  • Demand Bid Screening means the process by which Demand Bids are reviewed against the applicable Demand Bid Limit, and rejected if they would exceed that limit, as determined pursuant to Operating Agreement, Schedule 1, section 1.10.1B, and the parallel provisions of Tariff, Attachment K-Appendix.

  • Demand Bid Limit means the largest MW volume of Demand Bids that may be submitted by a Load Serving Entity for any hour of an Operating Day, as determined pursuant to Operating Agreement, Schedule 1, section 1.10.1B, and the parallel provisions of Tariff, Attachment K- Appendix.

  • Demand Request shall have the meaning set forth in Section 2.1.

  • Proposal / Bid means the technical proposal and the commercial/financial proposal.

  • Submitted Bid has the meaning specified in Section 11.10(d)(i) below.