The Federal Energy Regulatory Commission appointed Bud Earley policy advisor on electric matters. Earley most recently served as director of the electric policy division of the FERC's Office of...
an entity would not automatically receive the market-clearing price. Instead it would receive the highest price received by that entity in a sale under an arms-length bilateral trade of 5 MW or larger with another WSCC entity in that hour, or the PX price, whichever is lower. ... No rational market would pay a price for dump hydro from an external source higher than the highest marginal producer internal to the market."
(em Trustee's Transmittal Letter,
FERC Docket Nos. EC96-19-001, ER96-1663-001,
filed March 31, 1997.
Articles found on this page are available to Internet subscribers only. For more information about obtaining a username and password, please call our Customer Service Department at 1-800-368-5001.