How the Bidding App Works in the NEM
Forecasting
To predict future market prices for energy and FCAS, the platform uses artificial intelligence (AI) machine learning to continuously analyze thousands of variables, including system loads, transmission headroom, generator activity, and weather.
Optimization
The platform calculates the optimal bids across all markets for the next dispatch interval through to the next day, considering price forecasts, operational constraints, and business objectives.
Bidding
The platform creates market-compliant bid files, which are submitted directly to AEMO or routed to the customer’s trading desk for submission. The Bidding App automatically generates rebid reasons which are clear, transparent, and compliant.