Announcements


Archived-BEC-46: Taking June 2020 for AIC as an example, why are there two prices in the results table ($24.65/MWh and $25.37/MWh)?

The target for June 2020 for AIC was 20 blocks.  These 20 blocks were filled with 17 blocks of the On-Peak June 2020 Product as well as 3 blocks of the June 2020 to May 2021 Combination.  The price of $24.65/MWh is the average of the winning bid prices for the 17 blocks of the On-Peak June 2020 Product.  This price is associated with 17 blocks or a quantity of 425 MW.  The price of $25.37/MWh is associated with 500 MW or 20 blocks and represents the average price that will be paid for the On-Peak June 2020 contracts.  This price is the average of the winning bid prices for the 17 blocks of the On-Peak June 2020 Product and the winning bid prices for the 3 blocks of the June 2020 to May 2021 Combination.