(2) The payment of PTP Options with Refund may be further reduced due to transmission elements that are oversold in previous CRR auctions. (3) The payment to each CRR Owner for a given Operating Hour of its PTP Options with Refund with each pair of source and sink Settlement Points settled in the DAM is calculated as follows: Calculation Variable Unit Description Interval Source Frequency DAOPTRAMT o, (j, $ payment to 1 / hour Calculated Yes Day-Ahead Option with Refund Amount per CRR Owner per pair of source and sinkThe k) CRR Owner for its PTP Options with Refund with the source and the sink settled in the DAM, o j k, for the hour. DAOPTRTP o, (j, k) $ target 1 / hour Calculated Yes Day-Ahead Option with Refund Target Payment per CRR Owner per source and sink pair—The payment for CRR Owner PTP Options with Refund, with the source and the sink settled in the o’s j k, DAM, for the hour. DAOPTRHV o, (j, k) $ hedge 1 / hour Calculated Yes Day-Ahead Option with Refund Hedge Value per CRR Owner per source and sink pair—The value of CRR Owner PTP Options with Refund, with the source and the sink settled in the o’s j k, DAM, for the hour. DAOPTRDA o, (j, k) $ 1 / hour Calculated Yes Day-Ahead Option with Refund Derated Amount per CRR Owner per source and sink pair—The derated amount of CRR Owner PTP Options with Refund, with the source and the sink settled o’s j k, in the DAM, for the hour. DAOPTRPR (j, k) $/MW DAM price of the PTP Option 1 / hour Calculated Yes Day-Ahead Option Price with Refund per pair of source and sinkThe per with Refund with the source and the sink for the hour. j k, hour NOTE: The value of DAOPTPR shall always be equal to or greater than zero (0).
(2) The payment of PTP Options with Refund may be further reduced due to transmission elements that are oversold in previous CRR auctions. (3) The payment to each CRR Owner for a given Operating Hour of its PTP Options with Refund with each pair of source and sink Settlement Points settled in the DAM is calculated as follows: Calculation Variable Unit Description Interval Frequency Source DAOPTRAMT o, (j, k) $ Day-Ahead Option with Refund Amount per CRR Owner per pair of source and sinkThe payment to CRR Owner o for its PTP Options with Refund with the source j and the sink k, settled in the DAM, for the hour. 1 / hour Calculated Yes DAOPTRTP o, (j, k) $ Day-Ahead Option with Refund Target Payment per CRR Owner per source and sink pair—The target payment for CRR Owner o’s PTP Options with Refund, with the source j and the sink k, settled in the DAM, for the hour. 1 / hour Calculated Yes DAOPTRHV o, (j, k) $ Day-Ahead Option with Refund Hedge Value per CRR Owner per source and sink pair—The hedge value of CRR Owner o’s PTP Options with Refund, with the source j and the sink k, settled in the DAM, for the hour. 1 / hour Calculated Yes DAOPTRDA o, (j, k) $ Day-Ahead Option with Refund Derated Amount per CRR Owner per source and sink pair—The derated amount of CRR Owner o’s PTP Options with Refund, with the source j and the sink k, settled in the DAM, for the hour. 1 / hour Calculated Yes DAOPTRPR (j, k) $/MW per hour Day-Ahead Option Price with Refund per pair of source and sinkThe DAM price of the PTP Option with Refund with the source j and the sink k, for the hour. NOTE: The value of DAOPTPR shall always be equal to or greater than zero (0). 1 / hour Calculated Yes
Nodal_Settlements_Handbook.docx