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Annual Offer Price (AOP)

Effective through June 30, 2014

AOP     =     Average SP 15 GHP + Average Premium for Delivered Renewable Energy Reported to DOE by WECC[1] + CAISO High Voltage                    Access Charge

AOP     =     $39.69 + $16.04 + $8.99 = $64.72 MWh

The Time of Delivery Factors applied to the AOP as follows: On-Peak: 1.5; Mid-Peak: 1.0; Off-Peak: 0.6

Season On-Peak Price Mid-Peak Price Off-Peak Price
Summer $97.08 MWh $64.72 MWh $38.83 MWh
Winter N/A $64.72 MWh $38.83 MWh

Time periods are defined as follows:

On-Peak: 1:00 p.m. to 5:00 p.m.; summer weekdays except holidays.

Mid-Peak: 8:00 a.m. to 1:00 p.m. and 5:00 p.m. to 10:00 p.m.; summer weekdays except holidays.
7:00 a.m. to 9:00 p.m.; winter weekdays except holidays.

Off-Peak: All other hours.

Holidays are New Year's Day, Washington's Birthday, Memorial Day, Independence Day, Labor Day, Veterans Day, Thanksgiving Day, and Christmas.

When any holiday listed above falls on Sunday, the following Monday shall be recognized as an off-peak period. No change in off-peak hours shall be made for holidays falling on Saturday.

The summer season shall commence at 12:00 a.m. on June 1 and continue until 12:00 a.m. on October 1 in each year. The winter season shall commence at 12:00 a.m. on October 1 of each year and continue until 12:00 a.m. on June 1 of the following year.

 

 


[1] When determining the renewable premium in instances where a range of prices is reported, the high end of the range will be used in the calculation.