PSERC
10
Demand Side Scenarios
FP (Fixed Price) – Pre-announced, Constant
Identical
Prices in All Periods (the Baseline) –
Quantity Bids
DRP (Demand Response Program) – FP with
Preset
Savings in Pre-announced Periods for
Purchases
Below Benchmark – Quantity
Bids
RTP (Real Time Pricing) – Forecast Day/Night
Prices – Quantity Bids – Customers Pay
Actual
Market Clearing Price
Note: RTP with buyers specifying a
maximum price (limit orders)
was piloted, but was no more effective