pay-as-bid definition
pay-as-bid means that every selected bid receives its demanded price;
pay-as-bid means a grant award procedure where applicants are awarded grant support corresponding to the price per additional unit offered in their application;
pay-as-bid means a pricing system where electricity generators are paid according to their bidding price, regardless of the price at which the market clears.
More Definitions of pay-as-bid
pay-as-bid means in the case of a successful Bid, the resulting price stated in the Storage Agreement will be the Bidder’s Bid Price. In case the Bidder has more than one successful Bid, separate Storage Agreements will be signed for each Bid.