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When to Switch Submit Mode OFF

Energy Bids

Info

  • If you are likely to submit more than one AEMO or Financial ('A' or 'F') category rebids in the next five minutes or so then switch Submit Mode to OFF.

  • If for any reason you do not wish the energy bid structure to change. For example your position may be short.

If you leave submit mode ON then each new manual bid will become a Reference Bid. And if the previous Algo Bid has already moved volume (for example by an amount of TdelLV) and then you synchronise (from a third party bidding system), edit and submit this bid, then the Algorithm will consume the new manual bid as a Reference Bid and hence will be able to move another TdelLV from the starting point of the new Reference Bid. Although this Bid will be optimal (as far as the Solver is concerned) the Spot Trader may not wish to move what might be a larger than expected volume from the original (earlier) manual bid. Also the Algorithm will not be able to restore the Algo Bid to the structure of the earlier manual bid if the optimal solution reverses because the Algo is constrained by the Latest Manual Acknowledged Bid and the TdelLV.

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If you leave submit mode ON then the band volumes of the Algo Bid will be formulated from scratch and hence the Algo Bid will overwrite the content of your previous manual bid. The only exception is if you are only making changes to the late rebid period and if pdBidr is set to not reformulate bids in the late rebidding dispatch intervals in which case you could leave Submit Mode ON if you are only making changes to the late rebid period.

How to Switch Submit Mode OFF

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It can take up to ten seconds to process and acknowledge a bid from the time it is submitted. pdBidr monitors this process and shows the status of an Algo bid in the Submission Status. If an Algo bid is submitted just before you switch Submit Mode OFF then the submission status will monitor the process and there may be a moment where Submission status is not 5/5. If it is not 5/5 then wait a few moments until it is 5/5 (see image below). Then you may submit manual rebids.

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Note

  • If you submit a manual bid and then within 90 seconds you switch Submit Mode OFF

within 90 seconds of submitting a manual bid

  • then check the Active Acknowledged Bid/Authorised Byand ensure that it is your manual bid. If it is a manual bid then no further action required.

  • If it is an Algo bid then check the Algo Check column. If this says PASS then no further action required.

  • If Algo

check

  • Check bid is FAIL then resubmit your manual bid

or turn submit mode ON

  • .

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When to switch Submit Mode ON

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