2.4 Real-Time Energy Market Flashcards
What is another name for the real-time energy market?
Balancing market
How often are clearing prices calculated?
Every 5 min
When does real time settlement begin?
During the rebid period from 1330 to 1415.
When does reliability analysis begin?
1415
When can resources opted in to intraday offers make changes?
Starting 18:30 the previous day up to 65 min before the operating hour.
Where are changes to MW and Price values made?
Schedule Offer Updates page of Markets Gateway
Where are changes to Startup, No-load, Notification Time, and Min Run Time made?
Schedule Detail Updates page of Markets Gateway
When can Unit Hourly Updates be made?
During the operating day for current hour or future hours.
Changes made to the unit data via Unit Hourly Updates page supersede all: (3)
- Schedule data
- Weather curve data
- Unit limits
What does Economic commit status mean?
Unit is available and offered into the market for PJM to schedule
What does Must Run commit status mean?
- Indicates unit is self scheduling.
- Must be committed
- Committed @ Eco Min and allowed to move up to Eco Max
What does Emergency commit status mean?
Unit will not be scheduled unless PJM calls for max emergency generation
What does Unavailable commit status mean?
Unit is out of service (must have corresponding outage ticket if a capacity resource).
