Examples of Demand Bid in a sentence
It is the product of voltage and the in-phase component of alternating current measured in units of watts or standard multiples thereof, e.g., 1,000W=1kW, 1,000kW=1MW, etc.- Demand Bid The Bid component in a Bid submitted in the DAM that indicates the MWh of Energy the Scheduling Coordinator is willing to purchase, the price at which it is willing to purchase the specified Energy and the applicable Trading Hours for the next day.- Demand Forecast An estimate of Demand over a designated period of time.
The Demand Response Provider's Demand Response Services for Proxy Demand Resources will be bid separately and independently from the LSE's underlying Demand Bid.
Demand Bids must have the following components: Scheduling Coordinator ID Code; a Demand Bid curve that is a monotonically decreasing staircase function of no more than ten (10) segments defined by eleven (11) ordered pairs of MW and $/MWh; Location Code for the LAP, Custom LAP or PNode, as applicable; and hourly scheduled MWh within the range of the Bid curve, including any zero values, for each Settlement Period of the Trading Day.
Each Virtual Bid must have the following components: an indicator that identifies the Virtual Bid as a Virtual Supply Bid or a Virtual Demand Bid; Scheduling Coordinator ID Code; Eligible PNode or Eligible Aggregated PNode as applicable; Virtual Bid Curve; and the Trading Hour or Trading Day to which the Virtual Bid applies.
A Load Serving Entity may submit a written exception request to the Office of Interconnection for a higher Demand Bid Limit for an affected Operating Day.
An Export Bid or a Self-Schedule to provide exports included in a binding Schedule accepted in the IFM or RTM will not be distinguished from a Demand Bid or Self-Schedule to serve Load within the CAISO Balancing Authority Area included in a binding Schedule accepted in the IFM or RTM for purposes of curtailment under this Section, except as consistent with Good Utility Practice.
Set LMP values equal to the highest price-sensitive Demand Bid or Decrement Bid that was cut in this step.
A Virtual Bid submitted in the Day-Ahead Market and cleared in the IFM represents a commitment to liquidate a Day-Ahead award in the Real-Time Market at the price determined for the applicable Eligible PNode or Eligible Aggregated PNode as set forth in Section 11.3. For each SCID associated with a Convergence Bidding Entity, there may be only one Virtual Supply Bid and one Virtual Demand Bid per each Eligible PNode or Eligible Aggregated PNode in the Day-Ahead Market.
Hourly overrides of a Supply Offer, a Demand Reduction Offer, or a Demand Bid shall remain in effect only for the applicable Operating Day.
The Demand Response Provider’s Demand Response Services for Reliability Demand Response Resources will be bid separately and independently from the LSE’s underlying Demand Bid.