DefaultBids : Class diagram
Created: 31/03/2011 08:28:10
Modified: 06/09/2017 12:05:48
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Shows the classes used to model a default bid. Market Power Mitigation is a process that detects an attempt on the part of a market participant to exercise market power. Detection is followed by remediation.  Remediation consist of subsitution of a default bid for the original bid. The classes include a Curve and Curve Data classes (from the IEC 61970 core package), as well as the generic class DefaultBid which may be used to further describe the market specific remediation methods.  Three typical methods are used: LMP, cost based on gas index, or out-of-market negotiation.<br/><br/>