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Nodal EDS 4: Day-Ahead Market
Objectives
- Create offers for resources and bids for load
- Demonstrate co-optimization of energy and ancillary services (AS) in the day-ahead market (DAM)
- Provide bids and offers to support the operation of DAM for seven consecutive days
- Conduct trials for reliability unit commitment (RUC) using test offers for resources from the DAM
- Conduct trials for supplemental ancillary services market (SASM) systems
- Test shadow settlement statements for the seven consecutive operating days
- Test DAM settlements (generate using locational marginal prices (LMPs) and market clearing prices for capacity), to the extent possible showing the effect of real-time operations simulation
- Deliver settlements statements for the operating day that includes commitments of resources from RUC
- Verify the outage scheduler function
- Demonstrate satisfactory operation of all nodal systems and markets for 168 consecutive hours
- Calculate settlements based on LMPs generated during operating day, and actual meter data
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