Reserve Capacity - Special Price Arrangements

There are two mechanisms that may result in the establishment of Special Price Arrangements. 

The first mechanism results from a successful bid in respect of Certified Reserve Capacity through the Reserve Capacity Auction process.  A successful bidder may take the option of a 10-year Long-term Special Price Arrangement.  Short-term Special Price Arrangements can be established in the case where the IMO is required to procure capacity following a Supplementary Reserve Capacity Auction.  This would occur in the case of a Reserve Capacity shortfall. 

Short-term Special Price Arrangements can also be established, subject to certain conditions, when a Facility is in the position to commence operation earlier than 1 October in the year for which they have been assigned Capacity Credits. 

Under Market Rule 10.5.1(f)(vi) the IMO is required to publish the following information:

Special Price Arrangements for each Registered Facility:

1. the amount of Reserve Capacity covered;
2. the term of the Special Price Arrangement; and
3. the Special Reserve Capacity Price applicable to the Special Price Arrangement,

There are currently no Special Price Arrangements in place.