Genstar4 Energy Bidder

Participants can offer to adjust their intended schedule by submitting priced bids of increased generation/decreased demand or decreased generation/increased demand to National Grid to assist with balancing the network.

The Energy Bidder module supports the bidding activity for each market gate closure. Accepted bid volumes will automatically:

• Adjust the target schedule in Asset Monitor.
• Be included in the shadow market settlement payment calculations of the Settlements module.

The Energy Bidder module supports the following activities:

• Compiling and submitting balancing bids for the balancing mechanism market.
• Tracking the results of bidding.
• Revenue stacking with Dynamic Containment (DC).

Compiling and submitting balancing bids

Price/volume bids can be quickly compiled using formatted templates displaying the energy available to bid.

Options for bid compilation include:

• Cloning a previous bid.
• Selection from a Bid Library.
• Import via an API or .CSV file.
• Import from ATOM.
• Entering the data manually.
• Automatically assign 'priced out' DC tranches.
• Automatically validate or adjust imported data for required DC tranches.

Options during manual compilation or amendment include:

• Automatically reverse prices.
• Calculate MW values.
• Assign 'priced out' DC tranches.

Validation of entered data is performed according to the market submission validation rules, ensuring that data is not rejected through non-compliance.

Submission of bids to National Grid is managed according to EDT communication mechanisms or Wider Access APIs.

Tracking the results of balancing mechanism bidding

Acceptances (and rejections) of bids for each bidding period are tracked enabling the user to check the target instruction for each acceptance.

The variation in output or demand resulting from the accepted bid is reflected in the target level displayed in the Asset Monitor module, and this is fully accounted for when calculating payments in the Settlements module.

Reports enable the user to assess the impact of accepted bids in terms of the prevailing market prices, and include:

• Unit imbalance reporting;
• Portfolio imbalance reporting;
• Market data report showing the accepted bid volumes recorded by Genstar4 for each period displayed alongside the market prices;
• Report of accepted bids with associated target volumes and delivery times.

Click here to request a call back or telephone +44 (0)23 9431 7620