Updating Bids
Modifying Bids
As conditions change, you may want to update your bid strategy. To modify a bid, submit a new curve for the relevant date range and market hours.
Partial modifications to bids are supported. Simply create a new bid for the portion of a period which you want to update.
Example [Aug. 07 2021]
Temperatures will be abnormally high next week -- leading to elevated market prices and increased performance capacity due to higher on-site load (kW).
This is a near-term opportunity to capture revenue and aid grid reliability. Using the bid above as an example, you craft a new standing bid decreasing the price
to $0.30/kWh and increasing quantity_in_kw
to 45. Set this bid to start in 3 days and expire 7 days later.
{
"meter_id": "sample-meter-id",
"start_time": "2021-08-10T00:00:00Z",
"end_time": "2021-08-17T00:00:00Z",
"day_type": "business",
"hours": [
{
"hour_ending": 17,
"curve": [
{
"quantity_in_kw": 45,
"price": 0.30
},
{
"quantity_in_kw": 50,
"price": 0.95
}
]
},
{
"hour_ending": 18,
"curve": [
{
"quantity_in_kw": 45,
"price": 0.30
},
{
"quantity_in_kw": 50,
"price": 0.95
}
]
}
]
}
Once the bid is received, the bid curve is updated for this period. In summary,
- Business days between Aug 10 and Aug 17 will use this bid curve for
hour_ending
17 and 18. - Days prior to Aug 10 will continue to use the existing bid curve.
- Days after Aug 17 will continue to use the existing bid curve
Cancel Bids
In some cases, you may want to cancel a bid entirely. To cancel a bid, submit an empty curve[]
for the same meter and time period.
"hour_ending": 17,
"curve": []
Updated about 1 year ago