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… SPD_Model_Formulation_v15.0 Model Formulation Version 15.0 SO Ref: System Operator 20 March 2025 SPD_Model_Formulation_v15.0: Model Formulation Version 15.0 …

… is a security constrained economic dispatch market clearing model called SPD11 which produces megawatt (MW) schedules12 for … energy prices and island reserve prices. Inputs into the SPD model include energy and instantaneous reserve offers …