How can I bid my resource into eMarket/Bids and Offers to reflect limitations on start-up due to licensing/environment constraints?
Units that have limits on start-ups (or total generation during the year or portion of the year) may reflect the associated opportunity costs in their offers as appropriate. Market Rule 1, Appendix A, Section 3.1.2 provides that ISO-NE “will consider all available explanations of behavior that are based on a Participant’s cost of providing any market product, including [a]ny relevant opportunity costs.” This information can be incorporated in Reference Price determination as specified in Appendix A, Section 5.6.1.b.iii. This requires that the unit owner contact ISO-NE in advance of submitting such an offer to ensure that it is included in the unit’s reference price. Inclusion of opportunity costs, either in the submitted start-up cost or energy offer, ensures that the market dispatch software dispatches the unit appropriately. Another option is to manage availability for dispatch through the use of Maintenance Outage for economic reasons per Operating Procedure 5 Generator and Dispatch
Related Questions
- Among the criteria to reject all bids are that (1) the bid exceeds the project estimate, or (2) the bid exceeds the appropriation. Doesn’t the project estimate have to equal the appropriation?
- How can I bid my resource into SMD to reflect limitations on start-up due to licensing/environment constraints?
- How are Pre-Assigned Congestion Revenue Rights (PCRRs), that do not have offers or bids in the auction, valued?
