Announcements


BEC-31: Taking On-Peak June 2022 for AIC as an example, why are there two prices in the results table ($100.18/MWh and $101.52/MWh)?

The target for On-Peak June 2022 for AIC was 22 blocks. These 22 blocks were filled with 12 blocks of the On-Peak June 2022 Product as well as 10 blocks of the On-Peak June 2022 to May 2023 Combination. The price of $100.18/MWh is the average of the winning bid prices for the 12 blocks of the On-Peak June 2022 Product. This price is associated with 12 blocks or a quantity of 300 MW. The price of $101.52/MWh is associated with 550 MW or 22 blocks and represents the average price that will be paid for the On-Peak June 2022 contracts. This price is the average of the winning bid prices for the 12 blocks of the On-Peak June 2022 Product and the winning bid prices for the 10 blocks of the On-Peak June 2022 to May 2023 Combination.