Good points, all.
1) While today, end nodes are treated not really responsible for results (and thus the legal tender point), I think that aggregators are held to a higher standard.
3) The exact contract, including penalties for non-performance and other market context issues, are out of scope. We can imagine a few components:
a) Something akin to a credit rating, wherein consistent failure to perform affects ability to participate in the market
b) Something akin to a performance rating, wherein less reliability affects market price received.
c) responsibility to make good, wherein the non-performer is responsible for the spot purchases. Such purchases may be expensive in dollars and in "green" ratings
d) simple Non-performance penalties per incident
tc
"It is the theory that decides what can be observed."
- Albert Einstein
Toby Considine
Chair, OASIS oBIX Technical Committee
U.S. National Inst. of Standards and Tech. Smart Grid Architecture Committee
Facilities Technology Office
University of North Carolina
Chapel Hill, NC
Email: Toby.Considine@ unc.edu
Phone: (919)962-9073
http://www.oasis-open.org
blog: www.NewDaedalus.com
