02 — Capability · BC-1570.20
Wholesale Market Scheduling & Settlement
Bid, schedule and nominate energy in wholesale markets operated by an ISO, RTO, TSO or market operator, then reconcile the resulting settlements so the utility pays and is paid the right amounts.
- Market Operations
- Scheduling & Settlement
- ISO / RTO Market Participation
- Balancing & Settlement
In scope
- Day-ahead and real-time bids, offers and schedules
- Gas nominations and pipeline scheduling
- Settlement statement validation and disputes
- Imbalance and balancing charges
Out of scope
- Financial hedges on market prices (see BC-230.30.20)
- General payables processing (see BC-260)
Decomposes into · 4
- BC-1570.20.10Day-Ahead & Real-Time BiddingSubmit bids and offers for load and generation into day-ahead and real-time markets within market rules and deadlines.
- BC-1570.20.20Energy Schedule NominationNominate and confirm physical energy and gas schedules with the system operator and counterparties so flows match commitments.
- BC-1570.20.30Market Settlement ReconciliationShadow-settle market charges and credits, compare them with operator statements and raise disputes where they differ.
- BC-1570.20.40Imbalance Position ManagementTrack the gap between scheduled and actual energy and act during the operating day to limit imbalance charges.