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These Trader Prices help define a lower or upper bound of prices (pricebands) where volume may be allocated.
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These allocation rules can be explored in pdBidr via the Bid Allocation (demo). You may enter any values and see how the Output (allocated volume) is determined. Note that you must insert a value for BERRPOV < FRRP and FRRP < BERRPNOV |
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Optimal Volume (OV) Allocation
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NOV is allocated in PBs between the max(FRRP, BERRP) and TP1.
Note that in a perfect world, by definition BERRPNOV > FRRP, however the BERRP is a first order calculation and does not account for co-optimised volume trade-off between services.
If there are no available PBs then allocate NOV in the first PB > max(FRRP, BERRP).
If there are still no PBs then allocate NOV to PB10.
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