Examples of Bid Costs in a sentence
Bidding practices that distort prices or uplift charges away from those expected in a competitive market, such as registering Start-Up Cost and Minimum Load Cost data or submitting Bid Costs on behalf of an Electric Facility that are unjustifiably high (relative to known operational characteristics and/or the known operating cost of the resource) or misrepresenting the physical operating capabilities of an Electric Facility resulting in uplift payments or prices significantly in excess of actual costs.
The IFM Bid Cost as described in Section 11.8.2.1 above and IFM Market Revenue as provided in Section 11.8.2.2 above, of each MSS will be, respectively, the total of the IFM Bid Costs and IFM Market Revenues over all BCR Eligible Resources within the MSS where each BCR Eligible Resource’s IFM Market Revenues for its Energy shall be calculated as described in Section 11.2.3.2 at the relevant IFM MSS price.
For purposes of determining the MSG Configuration Minimum Load Bid Costs included in the RTM Minimum Load Costs calculated pursuant to Section 11.8.4.1.2, the CAISO will use the difference between the amounts determined under (i) and (ii) below.
For the purpose of determining which MSG Configuration Minimum Load Bid Costs will apply in any given Commitment Interval, the CAISO will apply the following rules.
In any given Settlement Interval, the CAISO will first apply the following rules to determine the applicable Start-Up Bid Costs and Transition Bid Costs for the Multi-Stage Generating Resources.
All Bid Costs shall be based on Bids as mitigated pursuant to the requirements specified in Section 39.7. Virtual Awards are not eligible for Bid Cost Recovery.
If the facility is bidding to pump in either DAM or RTM then it represents the Energy Bid Costs the pump is willing to pay in either market, assuming the pump is not already scheduled to consume Energy in that market.
The RUC Bid Costs shall be calculated pursuant to Section 11.8.3.1 and the RUC Market Revenues shall be calculated pursuant to Section 11.8.3.2. The CAISO will include Bid Cost Recovery costs related to Short Start Units committed in Real-Time because of awarded RUC Capacity in RTM Compensation Costs.
Scheduling Coordinators for Non-Generator Resources are not eligible to recover Start-Up Bid Costs, Minimum Load Bid Costs, Pumping Costs, Pump Shut-Down Costs, or Transition Bid Costs but are eligible to recover Energy Bid Costs, RUC Availability Payments and Ancillary Service Bid Costs.
The IFM Bid Costs shall be calculated pursuant to Section 11.8.2.1 and the IFM Market Revenues shall be calculated pursuant to Section 11.8.2.2.11.8.2.1 IFM Bid Cost Calculation For each Settlement Interval, the CAISO shall calculate IFM Bid Cost for each Bid Cost Recovery Eligible Resource as the algebraic sum of the IFM Start-Up Cost, IFM Transition Cost, IFM Minimum Load Cost, IFM Pump Shut-Down Cost, IFM Energy Bid Cost, IFM Pumping Cost, and IFM AS Bid Cost.