{"version":"0.23.0","built_at":"2026-10-18T12:00:49.396Z","license":"CC BY 4.0 © Mike Reams","canonical":"https://catalog.mikereams.com","value_stream":{"id":"VS-400","name":"Bid-to-Settle","industries":["utilities"],"description":"Follow a participant's energy through the wholesale market: forecast, bid and offer, follow dispatch, then check the market's settlement against its own records and dispute errors. Where Forecast-to-Balance (VS-380) is the system operator matching supply and demand, this is the participant's view of the same day, ending when the money is right.","outcome":"Bids reflected forecasts and costs, dispatch instructions were followed, metered volumes were submitted on time, and every settlement statement was reconciled, with errors disputed and resolved.","trigger":"The bidding window for the next market day opens.","aliases":["Bid-to-Bill","Market Participation Cycle","Offer-to-Settlement"],"stages":[{"id":"VS-400.10","order":1,"name":"Forecast & Price the Position","description":"Forecast the hourly load to serve and the output available, with its cost, and set bid and offer volumes and prices within trading risk limits.","capability_ids":["BC-1570.10","BC-1540.30","BC-230.30"]},{"id":"VS-400.20","order":2,"name":"Bid & Offer","description":"Submit day-ahead and real-time bids and offers and nominate schedules to the market operator.","capability_ids":["BC-1570.20.10","BC-1570.20.20","BC-230.20.40"]},{"id":"VS-400.30","order":3,"name":"Follow Dispatch","description":"Carry out the market operator's dispatch instructions at each plant and record every deviation from schedule.","capability_ids":["BC-1540.10","BC-1540.20","BC-1540.30","BC-1570.20.40"]},{"id":"VS-400.40","order":4,"name":"Submit Meter Data","description":"Validate metered volumes and submit them, or check the volumes the market's meter agent collected, on the settlement timetable.","capability_ids":["BC-1550.30","BC-1550.60.30"]},{"id":"VS-400.50","order":5,"name":"Shadow-Settle","description":"Recalculate charges and credits from the participant's own schedules and meter data and compare them with the market operator's statements.","capability_ids":["BC-1570.20.30"]},{"id":"VS-400.60","order":6,"name":"Dispute & Close","description":"Dispute errors within each settlement run's deadline, accrue the expected position at period end, and true it up as each resettlement arrives.","capability_ids":["BC-1570.20.30","BC-210.10"]}]}}