About Market Awards

Market awards are used to allocate load to various market participants.

Market awards are defined by the following:

  • Market Product: The Market Product associated with the award
  • Award Class: The type of award. The base package supports three award classes: Tranche Awards, Percentage Awards, and Fixed Profile Awards.
    • Tranche Awards: Tranches are used to handle a whole number division of load. For example, an agreement may be reached that the Provider of Last Resort (POLR) load for a zone should be broken into 64 tranches, or exactly 64 chunks of load that can be purchased. In this example, the load could be broken up in the following manner: Contract #1234 buys 12 tranches, Contract #1235 buys 1 tranche, and Contract #1236 buys 51 tranches (each of these three would be a market award) A factor can be used to define different tranche quantities over time for the same market award.
    • Percentage Awards: Percentage Awards allocate a percentage of the remaining load. A factor can be used to define a different percentage over time for the same market award.
    • Fixed Profile Awards: Fixed Profile Awards leverage a profile measuring component to designate an amount that must be allocated from the overall load to this market award. A factor can be used to define different profiles over time for the same market award.
  • Start Date / End Date: The date range for the market award
  • Award Details: Details of the award, including the source (Static Value or Factor) and quantity (either a fixed value or factor value)
  • Characteristics: Characteristics for the award, if appropriate