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Program 04: PRICE RESPONSIVE BID (PR Bid)

The Price Responsive Bid event contains a load amount and a price. If the flexibility supplier can achieve the event requirements and accepts the bid price, they respond with an ‘opt-in’ message. If they cannot, they respond with an ‘opt-out’ message.

Programme Detail:

  • Location: Network-wide.
  • Event Active Period: Minimum 30 minutes.
  • Load change required: Specified by EDB.
  • Timing (start time, end time): Specified by EDB.
  • Event ID.

Price offer message: Provided at least 12 hours in advance. The price offer message might expire within an hour of receiving it.

Dispatch instruction confirming details of an event is provided at least 30 minutes in advance.

The Flexibility Supplier does not have the ability to opt-out once the Dispatch Instruction has been issued.

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

Event Flow

EEA FlexTalk PR BID
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