Not Resource Option Market Price Contract Type
[Resource Output] = 0 AND [Strike Price] < [Zonal Price] EXECUTE OPTION
[Resource Output] > 0 OR [Strike Price] >= [Zonal Price] DON’T EXECUTE OPTION
This type of contract represents an option to buy (or sell) energy at a strike price during hours when a specified resource has no output. The strike price is based upon an area, hub, two hubs, or a fuel price (see Option Market Price contract type for more details on how the strike price is determined). The zonal price is determined by the zone in which the portfolio resides. When the option is executed, the energy bought or sold is determined by [Energy Max]*[Monthly Shape], and the cost will be [Energy]*[Strike Price], plus any capacity charges.
NOTE: Users can specify an hourly limit in MWh in the optional Energy Amount Max field of the Portfolio Contract table.
NOTE: The Energy Min column cannot be used in conjunction with this option type.
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.
Not Resource Option Market Price Contract Type
