Examples of Decrement Bid in a sentence
Each Market Participant shall inform the ISO of (i) the prices, if any, at which it desires not to include its load in the Day-Ahead Energy Market rather than pay the Day-Ahead Price, (ii) hourly schedules for Resources Self-Scheduled by the Market Participant; and (iii) the Decrement Bid at which each such Self-Scheduled Resource will disconnect or reduce output, or confirmation of the Market Participant’s intent not to reduce output.
Each Market Participant shall inform the ISO of (i) the prices, if any, at which it desires not to include its load in the Day-Ahead Energy Market rather than pay the Day-Ahead Price, (ii) hourly schedules for Resource increments, including hydropower units, Self-Scheduled by the Market Participant; and (iii) the Decrement Bid at which each such Self-Scheduled Resource will disconnect or reduce output, or confirmation of the Market Participant’s intent not to reduce output.
It is used only as a pre-screen to determine whether a Participant’s Increment Offers and Decrement Bids should be subject to Increment Offer and Decrement Bid Screening.
Each Market Participant shall inform the ISO of (i) the prices, if any, at which it desires not to include its load in the Day-Ahead Energy Market rather than pay the applicable Day-Ahead Price, (ii) hourly schedules for Resources Self-Scheduled by the Market Participant; and (iii) the Decrement Bid at which each such Self-Scheduled Resource will disconnect or reduce output, or confirmation of the Market Participant’s intent not to reduce output.
Set LMP values equal to the highest price-sensitive Demand Bid or Decrement Bid that was cut in this step.
The ability to submit a negative offer as low as negative $150/MWh for External Transactions and the energy Blocks for a Supply Offer, Demand Bid, Increment Offer and Decrement Bid, and; 5.
FERC Electric Tariff No. 3 Superseding 1st Rev 7021Section III – Market Rule 1 – Standard Market Design Section III.1 – Market Operations Decrement Bid results in scheduled load at the specified Location in the Day-Ahead Energy Market.
If no price-sensitive Demand Bid or Decrement Bid was reduced in this step, the LMP values are set equal to highest offer price of all on-line generation, Increment Offers or External Transaction purchases;If power balance is not achieved after Step 2, reduce all remaining fixed Demand Bids proportionately (by ratio of load MW) until balance is achieved.
Segments shall be hourly for each bid to purchase energy, each Increment Offer, each Decrement Bid, each “Up-to” Congestion Transaction, and each Day-ahead Pseudo-Tie Transaction.
Virtual BidIncrement Offer and Decrement Bid Screening Process All virtual bidsIncrement Offers and Decrement Bids submitted to PJM shall be subject to a credit screen prior to acceptance in the Day-ahead Energy Market auction.