Day-Ahead
Real-Time
Acronyms
MISC
100
10 am the day before the trade date
When does the day ahead market close?
100
This process mitigates the potential for market power by a resource every hour in 15 minute intervals
What is the MPM process in real time?
100
LMP
What is locational marginal price?
100
No obligation to submit a real time bid if not committed in the IFM or RUC
What is the real time obligation or an RA long start resource?
200
13:00 of the day prior to the trading day
When are the day ahead market results published?
200
T-75
When the real time market closes?
200
RTED
What is real-time economic dispatch?
200
Reg up, reg down, spin and non-spin
What are the 4 types of ancillary services?
300
MPM, IFM and RUC
What is the day ahead process?
300
Every 5 minutes
What is real-time economic dispatch?
300
HASP
What is hour ahead scheduling process?
300
Monotonically decreasing bid curve
What is a demand bid?
400
The process which procures capacity between the CFCD and the total cleared demand
What is RUC?
400
The process where additional ancillary services are procured
What is real-time unit commitment?
400
MPM
What is market power mitigation?
400
Resource system information submitted by the participant
What is master file?
500
Bid submitted with MW's only
What is a price taker/self-schedule?
500
Real-time dispatch
What process meets very short term load forecast with supply?
500
RTUC
What is real-time unit commitment?
500
Shows where energy is injected and removed from the grid
What is the Full Network Model?