Demand Bid definition

Demand Bid means a bid, submitted by a Load Serving Entity in the Day-ahead Energy Market, to purchase energy at its contracted load location, for a specified timeframe and megawatt quantity, that if cleared will result in energy being scheduled at the specified location in the Day-ahead Energy Market and in the physical transfer of energy during the relevant Operating Day.
Sample 1Sample 2Sample 3
Demand Bid means a bid, submitted by a Load Serving Entity in the Day-ahead Energy Market, to purchase energy at its contracted load location, for a specified timeframe and megawatt quantity, that if cleared will result in energy being scheduled at the specified location
Sample 1Sample 2Sample 3
Demand Bid. A proposal by a Participant to receive and pay for Energy, at a specified Location and at a specified Demand Bid Price, that is submitted to the System Operator pursuant to the Agreement and applicable Market Rules, and includes information with respect to the quantity to be received and paid for and other matters complying with the Market Rules.
Sample 1

Examples of Demand Bid in a sentence

  • Hourly overrides of a Supply Offer, a Demand Reduction Offer, or a Demand Bid shall remain in effect only for the applicable Operating Day.

  • Consistent with the definition contained in Module A of the MISO Open Access Transmission, Energy and Operating Reserve Markets Tariff, or its successor, all Fixed Demand Bid or Price Sensitive Demand Bid will be submitted through the designated portion of the MISO Market Portal.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • A DARD that is consuming as a result of a Self-Schedule may be dispatched above its Minimum Consumption Limit based on the economic merit of its Demand Bid.

  • These Bids can be at any Eligible PNode, or Eligible Aggregated PNode location and be a Virtual Supply Bid and/or Virtual Demand Bid at that location.

  • The liability of a Virtual Demand Bid will equal the product of the value of the amount of cleared MWs multiplied by the difference between the Day-Ahead LMP and the Real-Time LMP at the Eligible PNode or Eligible Aggregated PNode at which the Virtual Demand Bid was submitted.


More Definitions of Demand Bid

Demand Bid means a bid, submitted by a Load Serving Entity in the Day-ahead Energy Market, to purchase energy at its contracted load location, for a specified timeframe and
Sample 1
Demand Bid means a bid, submitted by a Load Serving Entity in the Day-ahead Energy Market, to purchase energy at its contracted load location, for a specified timeframe and megawatt quantity, that if cleared will result in energy being scheduled at the specified location in the Day-ahead Energy Market and in the physical transfer of energy during the relevant
Sample 1
Demand Bid means a request to purchase an amount of energy, at a specified Location, or an amount of energy at a specified price, that is associated with a physical load. A cleared Demand Bid in the Day-Ahead Energy Market results in scheduled load at the specified Location. Demand Bids submitted for use in the Real-Time Energy Market are specific to Dispatchable Asset Related Demands only.
Sample 1

Related to Demand Bid

  • Demand Bid Screening means the process by which Demand Bids are reviewed against the applicable Demand Bid Limit, and rejected if they would exceed that limit, as determined pursuant to Operating Agreement, Schedule 1, section 1.10.1B, and the parallel provisions of Tariff, Attachment K-Appendix.

  • Demand Bid Limit means the largest MW volume of Demand Bids that may be submitted by a Load Serving Entity for any hour of an Operating Day, as determined pursuant to Operating Agreement, Schedule 1, section 1.10.1B, and the parallel provisions of Tariff, Attachment K- Appendix.

  • Buy Bid means a bid to buy Capacity Resources in any Incremental Auction.

  • Demand Period has the meaning set forth in Section 2.01(c).

  • Selected Bidder or “Successful Bidder” shall mean the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of standard PPA.

  • Permitted Bid means a Take-over Bid made by an Offeror by way of take-over bid circular which also complies with the following additional provisions: (i) the Take-over Bid is made to all holders of Voting Shares as registered on the books of the Corporation, other than the Offeror; (ii) the Take-over Bid contains, and the take-up and payment for securities tendered or deposited is subject to, an irrevocable and unqualified provision that no Voting Shares will be taken up or paid for pursuant to the Take-over Bid: (A) prior to the close of business on the date which is not less than 105 days following the date of the Take-over Bid or such shorter minimum period that a take-over bid that is not exempt from any of the requirements of Division 5 Bid Mechanics of NI 62-104 must remain open for deposits of securities, in the applicable circumstances at such time, pursuant to NI 62-104 and (B) only if, at the close of business on the date the Voting Shares are first taken up or paid for under such Take-over Bid, more than 50% of the Voting Shares held by Independent Shareholders shall have been deposited or tendered pursuant to the Take-over Bid and not withdrawn; (iii) unless the Take-over Bid is withdrawn, the Take-over Bid contains an irrevocable and unqualified provision that Voting Shares may be deposited pursuant to such Take-over Bid at any time during the period of time described in Paragraph (A) and that any Voting Shares deposited pursuant to the Take-over Bid may be withdrawn until taken up and paid for; and (iv) unless the Take-over Bid is withdrawn, the Take-over Bid contains an irrevocable and unqualified provision that in the event that the deposit condition set forth in Paragraph (B) is satisfied the Offeror will make a public announcement of that fact and the Take-over Bid will remain open for deposits and tenders of Voting Shares for not less than 10 days from the date of such public announcement;

  • Qualified Bidder As defined in Section 7.01(c).

  • Qualified Bidder(s means a Bidder who fulfills the eligibility criteria listed out in the E-Auction Process Information Document.