buy back strategy group email sent generators regarding decing buy back strategies please read know going take lead implementing strategies let know generators board thanks stan due relatively weak real time market morning hours wanted communicate strategy dec bidding buying back generation sold forward want stress relatively short term strategy weather turns cold late autumn winter months morning hours actually trade premium real time market lately hel 10 weak real time ranging 25 40 two strategies would like suggest 1 decremental supplemental bids submit dec bids iso price cost generate basically would letting iso know willing reduce generation actually buy mw iso cover prescheduled quantity still paid day ahead price day ahead quantity instead generating would buying iso example cost generate 40 sell day ahead 50 make 10 mwh iso takes decremental bid price 30 make 20 mwh advantages relatively large upside price iso charges could actually go negative large negative 91 87 also would actually buying iso opposed selling iso subject credit risk disadvantages ten minute dispatch submit decremental bids iso option either reduce increase output unit every 10 minutes addition physical problems might create settlements statement receive might relatively elaborate possibly difficult follow 2 buying back blocks bi lateral market strategy calls real time traders buy blocks energy bi lateral market cost generate would call reduce generation energy buy back real time market would used fill prescheduled quantity still paid day ahead price day ahead quantity instead generating would buying price paid buy back energy previous example cost generate 40 sell day ahead 50 make 10 mwh buy back energy price 30 make 20 mwh additionally buy back energy need simultaneously submit incremental supplemental bids iso remain compliant ferc order iso takes incremental bid generate power sell additional profit advantages 10 minute dispatch unless supplemental bid accepted would know exactly long unit would reduced also settlements statements would relatively easy manage disadvantage large side decremental bidding point time would encourage start strategy 2 buying back blocks energy bi lateral market real time traders get comfortable operations strategy move forward start submitting decremental supplemental bids iso propose 50 50 profit split day ahead profit earned either two strategies questions comments please call chris foster stan cocke services desk 503 464 3829