Glossary Term: Bid-Offer Data
Relevant Balancing Mechanism Unit (BMU) data for a Settlement Period submitted by the Transmission Company.
Bid-Offer Data for a BMU and Settlement Period is made up of a series of Bid-Offer pairs; there may be up to five above Final Physical Notification (FPN) and up to five below FPN in each set of Bid-Offer Data.
A Bid-Offer pair consists of an identifying number (e.g. 1, 2 or –1), a ‘band width’ in MW, and both an Offer Price and a Bid Price. The Offer Price is the price at which the System Operator may purchase energy within this band; the Bid Price is the price which will be paid for energy accepted from the System Operator within this band.
BSC defined definition
Data (comprising the items set out in Section Q4.1.3) to be submitted by the Transmission Company pursuant to Section Q6.2.1(d).