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It will be true the vast majority of the time that TP_min < SRMC⁺ < TP_max . The above formulas have been simplified below given this condition is true.

Price_type

The allocation rules are designed to ensure that the unit will not be generating if a FRRP less than the TP_min is expected to occur. Similarly the allocation rules are designed to ensure that the unit will be generating at full capacity if the unit is operating between TP_min and TP_max but the FRRP is likely to increase above TP_max . For every dispatch interval, one of four price_types are One of four price_types is assigned to every dispatch interval, where a price_type is defined as follows:

if TP_max < FRRP then price_type = 10

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if FRRP <= TP_min then price-type = -10

Price_phase

One of four price_phases is assigned to every dispatch interval, where a price_phase is defined as follows:

if PT = 10 then PP = 10

else PP = min(PT_{i =1 to n}) where PT_i <> 10 for all i (where i is a dispatch interval)

end

Relative prices

The bid allocation rules defines price_type and price_phase that are a function of TPmin, SRMC and TPmax.

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Constraint_status = 1 (constrained off)

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