[OASIS Issue Tracker] Updated: (EMIX-524) PAP03 Req #27: apparentgap; supply/demand CLONE of 502 to Note

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     [ http://tools.oasis-open.org/issues/browse/EMIX-524?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

William Cox updated EMIX-524:
-----------------------------

        Summary: PAP03 Req #27: apparent gap; supply/demand CLONE of 502 to Note  (was: PAP03 Req #27: apparent gap; supply/demand CLONE of 501 to Note)
    Component/s: Note on Emix
     Resolution: 
Markets coordinate supply and demand using price information. Reflect in Note.

Resources and loads are coordinated in ISO markets by bid-based dispatch subject to reliability (security) constraints describing the network. EMIX provides for communication of price information to and from such markets.

EMIX also provides for price communication of dynamic prices for price responsive demand. The market clearing mechanism to clear such markets is out of scope, but the EMIX information model can convey the price information for load to follow demand instead of vice versa. 

  was:
Close, no action needed. Markets coordinate supply and demand using price information.

Resources and loads are coordinated in ISO markets by bid-based dispatch subject to reliability (security) constraints describing the network. EMIX provides for communication of price information to and from such markets.

EMIX also provides for price communication of dynamic prices for price responsive demand. The market clearing mechanism to clear such markets is out of scope, but the EMIX information model can convey the price information for load to follow demand instead of vice versa. 


> PAP03 Req #27: apparent gap; supply/demand CLONE of 502 to Note
> ---------------------------------------------------------------
>
>                 Key: EMIX-524
>                 URL: http://tools.oasis-open.org/issues/browse/EMIX-524
>             Project: OASIS Energy Market Information Exchange (eMIX) TC
>          Issue Type: Sub-task
>          Components: Note on Emix
>    Affects Versions: CSD03/PR03
>         Environment: Aaron Snyder
>            Reporter: Aaron Snyder 
>            Assignee: William Cox
>
> Requirement Text:
> The price model shall support coordination of energy supply and demand by means of exchanging price information [e.g. load following generation instead of vice versa]
> Apparent Gap:
> Did not find an attribute(s) that allowed for an association between resources and products that would enable representation of a set that could be coordinated.

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