Must Take Average Market Price Capped Contract Type
This contract will deliver power based upon a rolling twelve month average market price and an input Price Cap. The market will be the zone in which the portfolio resides by default, or if a Pricing Area is specified it will be the zone containing that Pricing Area. The rolling market price will be determined by the zone’s previous 12 months average price. As such, this contract type shouldn’t be specified to begin until at least one year into the study.
The energy reported will be [Energy Max]*[Monthly Shape].
The cost will be calculated as the energy multiplied by the minimum of the Price Cap and ([Avg Market Price]+[Energy Cost]*[Cost Shape]). Capacity charges will also be added if specified.
NOTE: Users can specify an annual limit in MWh in the optional Energy Amount Max field of the Portfolio Contract table.
NOTE: Users can specify a monthly limit in hours in the optional Monthly Max field of the Portfolio Contract table. The value is multiplied by Energy Max to yield a MWh monthly limit.
Must Take Average Market Price Capped Contract Type
