Hi Perry,
The situation you referred to is a "constrained-on" condition caused by a ramp-down constraint. Below are the details for the trading interval at 07-MAY-2025 12:00 (RTD):
- Initial Generation: 80 MW
- Maximum Ramp-Down Rate: 250 MW/hour
→ Equivalent to 20.833 MW per 5-minute interval (RTD operates on 5-minute dispatch intervals)
Offer Structure:
- Tranche 1: 25 MW @ $0.00/MWh
- Tranche 2: 75 MW @ $5000/MWh
- Marginal Price at this Location: $201.53/MWh
Under normal conditions (i.e., without ramp-down constraints), the unit would have cleared at 25 MW.
However, due to the ramp-down limitation, the unit can only reduce its output by 20.833 MW within a 5-minute interval. This means the minimum achievable generation in this dispatch interval is:
80 MW – 20.833 MW = 59.167 MW
As a result, the unit is constrained-on to generate at least 59.167 MW, even though the economic dispatch would have been lower.
I hope this clarifies the situation.
Best regards,
Tuong Nguyen