What does it mean when MWs are listed on my Gen bid under Scheduled Oper Capacity Reserve MWs?
These MWs are the result of FRED – Forecast Required Energy for Dispatch. Forecast Required Energy for Dispatch (FRED) represents resources needed to serve internal load, which did not bid in Day-Ahead, but which is nevertheless forecast by the NYISO. Thus, “FRED” is additional expected energy needed to meet the NYISO forecasted load that is in excess of the sum total of Day-Ahead load bids. For each hour, FRED should at least equal the NYISO NYCA Load Forecast minus the Sum of Day-Ahead Internal Load Bids and Bilateral Schedules with Internal Sinks. FRED Eligibility – All suppliers bidding into the Day-Ahead and Real-Time Energy Markets automatically qualify as potential suppliers of FRED (Day-Ahead or supplemental FRED respectively). FRED Selection – Day-Ahead FRED will be selected by SCUC. Non-committed suppliers selected to provide FRED will be notified via the MIS if they are anticipated to start-up during the commitment day but do not receive a forward contract to start-up. FRED
