56 - An intro to ERCOT with Alex Done (Lead data scientist @ Modo Energy)
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00:00
The Different Fundamentals of the Electricity Market
In the day ahead market, you buy a sell power and then you say, National Grid, I'm going to dispatch this much. So as a battery, you do all your trading stuff before the gate closure and you're telling the system operator, here's what I'm doing. In the BM though, we have what is more similar to this central dispatch idea, which is that I say to National Grid, if you want me, I can turn down 10 meg. And then National Grid looks at everybody who's giving them those signals,. They take whoever they want and then they tell them to do it. Urkart essentially, everything is like the BM in the sense that you say
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