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Program 05: PRICE RESPONSIVE DISCOVERY (PR Discovery)

The Price Responsive Discovery event contains a load amount and a price. The price is the maximum bid acceptable, lower offers are requested. If the flexibility supplier can achieve the event requirements they respond with an ‘opt-in’ message and the offer price they are willing to pay. If they cannot achieve the event at or below the bid price they respond with an ‘opt-out’ message. Unsuccessful offers receive event ’cancellation’ messages. If the event remains live, the offer has been accepted.

Programme Detail:

The Price Discovery Message will include a maximum price.

  • Location: Network-wide or geo-targeted.
  • Event Active Period: Minimum 30 minutes.
  • Load change required: Specified by EDB.
  • Timing (start time, end time): Specified by EDB.
  • Event ID: Provides a link to any pre-event notification.

Offer message will include an ‘offer window open’ / ‘offer window closed’ period.

Price Discovery Message: At least 48 hours in advance.

Dispatch instruction confirming details of an event is provided 24 hours in advance, and confirmation is required by the Flexibility Supplier 12 hours in advance.

Market Context
http://openadr.flexibility.nz/discovery

Event Flow

EEA FlexTalk PR Discovery
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