Question 1

What does DBS stand for?

Accepted Answer

Demand Bidding Strategy

Answer

Demand Bargaining Strategy

Answer

Delivering Better Service

Answer

Demand Buying Strategy

Question 2

DBS

Accepted Answer

allocates procurement of Residual Net Position between DAM and RTM

Answer

is a strategy for SCE traders to make extra bonuses through opportunistic bids

Answer

aims to maximize SCE's profit in energy markets

Answer

is considered illegal, as SCE is exercising market power

Question 3

How many levels of DBS are there?

Accepted Answer

3

Answer

1

Answer

9

Answer

10

Question 4

The formula for DART is: Day Ahead Market Price + Real Time Market Price

Accepted Answer

FALSE

Answer

TRUE

Question 5

If the energy markets are efficient, DART should equal to

Accepted Answer

0

Answer

1

Answer

777 (jackpot!)

Answer

150

Question 6

Under the Strategy Zero (Base Case), participation in RTM is simply to:

Accepted Answer

balance out load forecast cerror

Answer

to procure additional renewable energy

Answer

float all of our load

Answer

quickly sell off our hedged position

Question 7

Under Level 1 DBS (Standard Market Condition) at <=$150 Day Ahead Clearing Price, how much do we float to Real Time Market?

Accepted Answer

0%

Answer

75%

Answer

50%

Answer

25%

Question 8

What does it mean for LSEs to "self schedule"?

Accepted Answer

committing to purchase at any price cleared in Day Ahead Market

Answer

giving up the right to procure additional energy in RTM

Answer

economically bidding load in DAM

Answer

barred from participating in DAM

Question 9

What causes escalation of DBS from level 1 (default) to level 2 and 3?

Accepted Answer

conditions of supply constraint

Answer

low demand conditions

Answer

higher than expected solar and wind generation

Answer

when SCE is expected to see losses from trading

Question 10

What price is CAISO's "soft bidding cap"?

Accepted Answer

$1,000

Answer

$500

Answer

$800

Answer

$2,000

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