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.
