Initial bids must be placed at least 24 hours before the start of the trading day for Leap’s Pay-as-Bid auction.
Bids are sets of pairs (Price, Capacity) from which a bid curve is constructed. The bid curve is the function of the form Price = F(Capacity) which determines at which price a demand response provider is willing to curtail a certain volume of load.
Example: A storage provider is bidding in capacity. A sample bid for a given hour may have the form shown below:
Price ($/kWh) - Capacity (kW)
0.18 $/kWh - 40 kW
0.24 $/kWh - 80 kW
0.28 $/kWh - 200 kW
According to this bid, the provider is willing to curtail the first 40kW of load for 18 cents per kWh. If a greater volume is needed, the same provider is willing to curtail any amount of energy from zero up to 80 kW at $0.24/kWh, up to 200 kW for $0.28/kWh.
All datetimes must be provided in the UTC timezone
Bids can be modified by placing a new bid for the same meter/timeslot combination. The previous curve will be completely replaced by the new curve.
A bid can be cancelled until the market closes. Cancel a bid by submitting an empty curve for a meter/timeslot combination.