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.

POST /bidding/standing_bid

{
  "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": []