BEC-7: What is a “Bid” for a Capacity Product?

A “Bid” for a Capacity Product includes a price, in $/MW-day, for at least one ZRC for a given Season of a Planning Year for which ZRCs are procured. A Bid also includes the number of ZRCs to which the price applies and the Source Zone of the ZRCs. The price in the Bid is the price that the Bidder is willing to accept to deliver to AIC for the given Season and Planning Year the quantity of ZRCs from the Source Zone specified in the Bid.