Glossary Term: Bid-Offer Lower Range
Acronym: BOLRnij(t)
The Bid-Offer Lower Range is that data calculated for spot times t in Settlement Period j and BM Unit i, for a Bid-Offer Pair with a negative Bid-Offer Pair Number n. It is used to determine the operating range (in absolute MW) below FPN in which a particular Bid-Offer Pair applies. Determined in accordance with Section T3.4A.3, T3.4A.4 or T3.5.2 (as the case may be).