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Create a Report

Tip

Select a Date and a DUID

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, DUID(s) and Algo (if more than one is available)

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Info

  • If more than one DUID is selected then all values are aggregated in the report.

  • The Report will automatically update as the date is changed or the selected duid(s) change.

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Info

  • The unit of all values is $. The exception is volume which is MW/5min.

  • Energy volume is the average totalcleared of the dispatch interval ending and beginning.

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Tip

You may ‘Click, Hold and Hold’ Move’ on any column heading to then move the column with you mouse rearrange the columns in the table

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Tip

  • Click on

‘column’

  • ‘Columns’ in the top right of the table to list all the columns.

  • Check or uncheck to hide or make visible.

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Report Types

Actual (Manual) vs Algo ‘what if’

The first report compares the gross margin of Actual Manual bids against Algo “what if” bids. Other metrics such as the difference in volumes are also reported.

Note that Benchmarking reports are expected to evolve over time as reporting requirements change. For example as manual bids are replaced by Algo bids , new benchmarking reports will a new report may compare Algo actual gross margin against Algo “perfect hindsight” gross margin where perfect hindsight is calculated by rerunning the Algos using actual price outcomes to formulate optimal volumes from which gross margin is derived. Such a report would show

Actual (Manual) vs Algo ‘what if’

This report compares the gross margin of Actual Manual bids against Algo “what if” bids. Other metrics such as the difference in volumes are also reported.

Content

  • A break down of the gross margin by service for both the Algo ‘what if’ and the manual actual bid (see Actual (Manual) bid

    • A description of gross margin

    description

    • is below

    ).

  • The difference between these values. Algo ‘what if’ and the Actual (Manual) bid gross margin.

    • Note that the difference is defined as “Algo ‘what if’ minus Manual Actual”

  • Specific effects on gross margin that can be attributed to certain particular market conditions. These are:

    • The service allocation stack (SAS) for lowerFCAS and RaiseFCAS.

      • Gross margin difference is attributed to lowerFCAS SAS when Algo expected energy target is greater than manual expected energy target. Therefore Under certain market conditions the algorithms increase energy generation in order to increase lowerFCAS gross margin enablement resulting in overall greater gross margin.

      • Gross margin difference is attributed to raiseFCAS SAS when Algo expected energy target is less than manual expected energy target. Therefore Under certain market conditions the algorithms decrease energy generation in order to increase raiseFCAS gross margin enablement resulting in overall greater gross margin.

    • Avoiding negative regulation gross margin for either lowerReg or raiseReg due to the change in generated energy.

      • Gross margin difference is attributed to Algo Algos avoiding negative gross margin if the Algo optimised regulation volume is zero, and to avoid double counting for SAS (above), the Algo and manual energy bid must be the same.

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Definitions

Gross Margin

As a good first order approximation, total gross margin includes the revenue gained from providing a service plus the impact on the energy produced and the fuel used in providing an FCAS service plus any other impacts.

Info

Gross Margin = Service Revenue + Impact on Energy Revenue + Impact on Fuel Value + Other

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