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Gaffprice can be used to price:
- Wholesale or retail customers
- Cap contracts of any strike price
- Demand-Side-Management (DSM) capability, whether generation or curtailment
- Wholesale contracts where recent pool price data is required to calculate
value (e.g. rest-of-year contracts, or ASX futures for the current quarter)
- Exotic wholesale contracts based on regional demand levels
- Generation output for small units such as solar or wind
- Contracts with uneven start or end dates.
Time-of-use pricing is often used in retail contracts for customers that have
interval meters, with a separate price charged for peak and off-peak
electricity consumption. Gaffprice allows a retailer or regulator to
generate different tariffs based on their own custom criteria such as
time, season, or weekday. This compensates the retailer if customers use more
electricity than expected during high-demand periods, and also encourages customers
to switch energy use to off-peak periods, which benefits both retailers and networks.
Next Page: Methodology
- A half-hourly forward curve can be produced for swaps or cap premiums.
- Results can be used for detailed analysis, breaking price down by
segments such as month or period, and examining historical results.
- Gaffprice allows for the increase in the Market Price Cap (formerly known as VOLL) to $12,500/MWh
from 1st July 2010.
- If desired, a retailer can provide a cost estimate other than the
market forward curve, or different contract types to the typical quarterly peak/off-peak