Message-ID: <23614515.1075863317486.JavaMail.evans@thyme>
Date: Thu, 14 Jun 2001 10:57:09 -0700 (PDT)
From: heather.dunton@enron.com
To: bill.williams@enron.com, h..foster@enron.com
Subject: Dec Bidding Strategy
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Bill and Chris - this is what I remember as to settlements with the DEC bidding strategy.
Let me know if I can be of further assistance.

-Heather



Delano will schedule into the Day Ahead market and make a sale at the PX index price.  Real Time submits dec bids in the Suplemental Energy Market for any hours when they believe there is a good chance of being dec'd at a 0 price (the pprice you bid may be different than 0 to establish ouselves in the ISO Merit order - ).  Real Time makes 50% of the difference between the day ahead PX and the dec price (in this case 0).