Common use of Submission of Adjustment Bids Clause in Contracts

Submission of Adjustment Bids. 7.2.4.2.1 Each Scheduling Coordinator is required to submit a preferred operating point for each of its resources. However, a Scheduling Coordinator is not required to submit an Adjustment Bid for a resource. 7.2.4.2.2 The minimum MW output level specified for a resource, which may be zero MW, and the maximum MW output level specified for a resource must be physically realizable by the resource. 7.2.4.2.3 The Scheduling Coordinator's preferred operating point for each resource must be within the range of the Adjustment Bids. 7.2.4.2.4 Adjustment Bids can be revised by Scheduling Coordinators after the Day- Ahead Market has closed for consideration in the Hour-Ahead Market and, after the Hour- Ahead Market has closed, for consideration in the Real Time Market provided that, if the ISO has accepted all, or a portion of, an offered Adjustment Bid, the Scheduling Coordinator is obligated to provide the relevant capacity increase or decrease to the ISO at the price of the accepted Adjustment Bid. 7.2.4.2.5 During the ISO's Day-Ahead scheduling process, the MW range of the Adjustment Bid, but not the price values, may be changed. 7.2.4.2.6 An Adjustment Bid shall constitute a standing offer to the ISO until it is withdrawn. 7.2.4.2.7 The ISO may impose additional restrictions and bidding activity rules on the form of Adjustment Bids and the updating of Adjustment Bids, as needed, to ensure that the ISO's computational algorithms can operate reliably and produce efficient outcomes.

Submission of Adjustment Bids. 7.2.4.2.1 Each Scheduling Coordinator is required to submit a preferred operating point for each of its resources. However, a Scheduling Coordinator is not required to submit an Adjustment Bid for a resource. 7.2.4.2.2 The minimum MW output level specified for a resource, which may be zero MW, and the maximum MW output level specified for a resource must be physically realizable by the resource. 7.2.4.2.3 The Scheduling Coordinator's preferred operating point for each resource must be within the range of the Adjustment Bids. 7.2.4.2.4 Adjustment Bids can be revised by Scheduling Coordinators after the Day- Day-Ahead Market has closed for consideration in the Hour-Ahead Market and, after the Hour- Hour-Ahead Market has closed, for consideration in the Real Time Market provided that, if the ISO has accepted all, or a portion of, an offered Adjustment Bid, the Scheduling Coordinator is obligated to provide the relevant capacity increase or decrease to the ISO at the price of the accepted Adjustment Bid. 7.2.4.2.5 During the ISO's Day-Ahead scheduling process, the MW range of the Adjustment Bid, but not the price values, may be changed. 7.2.4.2.6 An Adjustment Bid shall constitute a standing offer to the ISO until it is withdrawn. 7.2.4.2.7 The ISO may impose additional restrictions and bidding activity rules on the form of Adjustment Bids and the updating of Adjustment Bids, as needed, to ensure that the ISO's computational algorithms can operate reliably and produce efficient outcomes.

Submission of Adjustment Bids. 7.2.4.2.1 Each Scheduling Coordinator is required to submit a preferred operating point for each of its resources. However, a Scheduling Coordinator is not required to submit an Adjustment Bid for a resource. 7.2.4.2.2 The minimum MW output level specified for a resource, which may be zero MW, and the maximum MW output level specified for a resource must be physically realizable by the resource. 7.2.4.2.3 The Scheduling Coordinator's preferred operating point for each resource must be within the range of the Adjustment Bids. 7.2.4.2.4 Adjustment Bids can be revised by Scheduling Coordinators after the Day- Ahead Market has closed for consideration in the Hour-Ahead Market and, after the Hour- Hour-Ahead Market has closed, for consideration in the Real Time Market provided that, if the ISO has accepted all, or a portion of, an offered Adjustment Bid, the Scheduling Coordinator is obligated to provide the relevant capacity increase or decrease to the ISO at the price of the accepted Adjustment Bid. 7.2.4.2.5 During the ISO's Day-Ahead scheduling process, the MW range of the Adjustment Bid, but not the price values, may be changed. 7.2.4.2.6 An Adjustment Bid shall constitute a standing offer to the ISO until it is withdrawn. 7.2.4.2.7 The ISO may impose additional restrictions and bidding activity rules on the form of Adjustment Bids and the updating of Adjustment Bids, as needed, to ensure that the ISO's computational algorithms can operate reliably and produce efficient outcomes.

Submission of Adjustment Bids. 7.2.4.2.1 Each Scheduling Coordinator is required to submit a preferred operating point for each of its resources. However, a Scheduling Coordinator is not required to submit an Adjustment Bid for a resource. 7.2.4.2.2 The minimum MW output level specified for a resource, which may be zero MW, and the maximum MW output level specified for a resource must be physically realizable by the resource. 7.2.4.2.3 The Scheduling Coordinator's ’s preferred operating point for each resource must be within the range of the Adjustment Bids. 7.2.4.2.4 Adjustment Bids can be revised by Scheduling Coordinators after the Day- Ahead Market has closed for consideration in the Hour-Ahead Market and, after the Hour- Ahead Market has closed, for consideration in the Real Time Market provided that, if the ISO has accepted all, or a portion of, an offered Adjustment Bid, the Scheduling Coordinator is obligated to provide the relevant capacity increase or decrease to the ISO at the price of the accepted Adjustment Bid. 7.2.4.2.5 During the ISO's ’s Day-Ahead scheduling process, the MW range of the Adjustment Bid, but not the price values, may be changed. 7.2.4.2.6 An Adjustment Bid shall constitute a standing offer to the ISO until it is withdrawn. 7.2.4.2.7 The ISO may impose additional restrictions and bidding activity rules on the form of Adjustment Bids and the updating of Adjustment Bids, as needed, to ensure that the ISO's ’s computational algorithms can operate reliably and produce efficient outcomes.