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Net Commitment Period Compensation Review NCPC

Agenda Item #3 10/30/01 MC Mtg. Net Commitment Period Compensation Review NCPC. 10/10/01. NCPC Calculation (5.4.5.2). NCPC = The sum of Eligible Start-up Bids for the Schedule Dispatch Period plus

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Net Commitment Period Compensation Review NCPC

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  1. Agenda Item #3 10/30/01 MC Mtg. Net Commitment Period Compensation ReviewNCPC 10/10/01

  2. NCPC Calculation (5.4.5.2) NCPC = The sum of Eligible Start-up Bids for the Schedule Dispatch Period plus The sum of the Trading Interval Revenue Shortfalls (TIRS) for the Scheduled Dispatch Period If the calculation = a negative number, the NCPC = 0

  3. Supplied Energy X Bid Block Prices + Designated TMSR X Bid Price + Designated TMNSR X Bid Price + Designated TMOR X Bid Price + Supplied Regs X Bid Price + Supplied AGC Service X Bid Price Supplied Energy X MCP + Designated TMSR X MCP + Designated TMNSR X MCP + Designated TMOR X MCP + Supplied Regs X MCP + Supplied AGC Service X MCP + AGC LOC A Closer Look at TIRS TIRS = No-load + Total Costs - Total Revenues Total Costs = Total Revenues =

  4. TIRS Walk-through Example Bid Information Energy Reserves MW$ AGC $ 4.00/Reg Bid Block 1 100 $20.00 TMSR $ 2.00 Bid Block 2 20 $30.00 TMNSR $ 1.50 Bid Block 3 30 $35.00 TMOR $ 1.00 Bid Block 4 25 $40.00 Bid Block 5 25 $50.00 No Load $1,000.00

  5. TIRS Walk-through Example Revenue Dispatch Market MW MCP Revenue Energy 150 $38.00 $ 5,700 TMSR 10 $ 3.00 $ 30 TMNSR 0 $ 1.00 0 AGC 0 $ 2.25 0 Total Revenue $ 5,730

  6. TIRS Walk-through Example Costs Energy Dispatch = 150 MW 100 MW X $20.00 = $2,000 20 MW X $30.00 = $ 600 30 MW X $35.00 = $1,050 150 MW = $3,650 Reserves TMSR Designated = 10 MW 10 MW X $2.00 = $ 20

  7. TIRS Walk-through Example Costs Revenue No Load + (Energy + TMSR) Energy + TMSR $1,000 + ( $3,650 + $ 20 ) $5,700 + $ 30 $4,670 $5,730 TIRS = Cost - Revenue $4,670 - $5,730 - $ 1,060

  8. NCPCWalk-through Example Min Run = 8 hoursStart Up = $100 NCPC = Eligible Start-Ups + Sum of TIRS $ 100 + $ 820 $ 920

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