Common use of Default Energy Bids Clause in Contracts

Default Energy Bids. The CAISO will use the methods and standards for setting default energy bids for Locational Marginal Price in the EIM, consistent with Section 39.7. The CAISO’s voluntary real-time market to manage transmission congestion and optimize procurement of imbalance energy (positive or negative) to balance supply and demand deviations for the EIM Area through economic bids submitted by EIM Participating Resource Scheduling Coordinators in the fifteen-minute market and five-minute markets. The combined CAISO and EIM Entity Balancing Authority Areas. A forward Energy Schedule submitted by an EIM Entity Scheduling Coordinator that provides hourly-level forecasts for load, hourly-level schedules for resources, and hourly-level schedules interchanges and other information that is used by the CAISO as the baseline to measure deviations for purposes of EIM Settlement. A Balancing Authority that represents one or more EIM Transmission Service Providers and that enters into the EIM Entity Agreement with the CAISO to enable the EIM to occur in its Balancing Authority Area. An agreement between an EIM Entity and the CAISO, a pro forma version of which is set forth in Appendix B. The EIM Entity, or a third party designated by the EIM Entity, that is certified by the CAISO and that enters into the pro forma EIM Entity Scheduling Coordinator Agreement under which it is a Scheduling Coordinator and a Market Participant and is responsible for meeting the requirements specified in Section 29 on behalf of the EIM Entity. An agreement between an EIM Entity Scheduling Coordinator and the CAISO, a pro forma version of which is set forth in Appendix B. - EIM Market Participant An EIM Entity, EIM Entity Scheduling Coordinator, EIM Participating Resource, or EIM Participating Resource Scheduling Coordinator. A resource that (1) can deliver energy, curtailable demand, demand response services, or similar services; (2) is located within an EIM Entity Balancing Authority Area; (3) is eligible to be, and elects to participate in the EIM as, a Market Participant, and that enters into the pro forma EIM Participating Resource Agreement under which it is responsible for meeting the requirements specified in Section 29. An agreement between an EIM Participating Resource and the CAISO, a pro forma version of which is set forth in Appendix B.

Default Energy Bids. The CAISO will use the methods and standards for setting default energy bids for Locational Marginal Price in the EIM, consistent with Section 39.7. The CAISO’s voluntary realP D U N H W R X W V L G -HtimWe mKaHrket&. $N,e6ed to make sure the terms EIM and Rl-time market to manage transmission Teiames are use properly - Energy Imbalance Market (EIM) 7KH &$,62¶V Y-timReOmXarQkeWt tDo Uma\xx xXx tHraDnsOmission congestion and optimize procurement of imbalance energy (positive or negative) to balance supply and demand deviations for the EIM Area through economic bids submitted by EIM Participating Resource Scheduling Coordinators in the fifteen-minute market and five-minute markets. The combined CAISO and EIM Entity Balancing Authority Areas. A forward Energy Schedule submitted by an EIM Entity Scheduling Coordinator that provides hourly-level forecasts for load, hourly-level schedules for resources, and hourly-level schedules interchanges and other information that is used by the CAISO as the baseline to measure deviations for purposes of EIM Settlement. A Balancing Authority that represents one or more EIM Transmission Service Providers and that enters into the EIM Entity Agreement with the CAISO to enable the EIM to occur in its Balancing Authority Area. An agreement between an EIM Entity and the CAISO, a pro forma version of which is set forth in Appendix B. The EIM Entity, or a third party designated by the EIM Entity, that is certified by the CAISO and that enters into the pro forma EIM Entity Scheduling Coordinator Agreement under which it is a Scheduling Coordinator and a Market Participant and is responsible for meeting the requirements specified in Section 29 on behalf of the EIM Entity. An agreement between an EIM Entity Scheduling Coordinator and the CAISO, a pro forma version of which is set forth in Appendix B. - EIM Market Participant An EIM Entity, EIM Entity Scheduling Coordinator, EIM Participating Resource, or EIM Participating Resource Scheduling Coordinator. A resource that (1) can deliver energy, curtailable demand, demand response services, or similar services; (2) is located within an EIM Entity Balancing Authority Area; (3) is eligible to be, and elects to participate in the EIM as, a Market Participant, and that enters into the pro forma EIM Participating Resource Agreement under which it is responsible for meeting the requirements specified in Section 29. An agreement between an EIM Participating Resource and the CAISO, a pro forma version of which is set forth in Appendix B.