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Bid/Offer VolumesAboutThe Bid/Offer Volumes chart can show the Offer and Bid Volumes that apply in the market for a given time period. The chart also has indications for the price and has the option of showing accepted, next declared or total declared (up to MEL or down to 0). This may offer an insight into where this is because units are unable to participate or where units are not having volumes accepted. When set to LIVE, this shows the prices at which any units are being turned up or down in the live minute. When set by period, for instance P+1 it will show volumes at all units seeing any balancing actions in the settlement period following the current period. The data is grouped by fuel and can be filtered by “Fuel Type”. If no filter is set, it is possible to click on a column to see the same chart for all units of a given fuel type. Having done so, it is then possible to click on any column to see the balancing action at the given unit in more detail. Included DataThe data on this chart is the Accepted (or Next Declared or Declared) Bid/Offer Volume data, which represents the volume of actions taken (or next available to be taken or available to be taken) by National Grid to reduce/increase generation via the Balancing Mechanism within gate-closure. Data ServiceThe data for the Bid/Offer Volumes chart can be extracted from the API. The parameters are as follows:
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