Platts to launch Non-Firm electricity assessments

Platts will launch daily assessments of day-ahead non-firm electricity delivered in the Western US interconnection starting on trade date September 13, 2013. The non-firm assessments will be for the same Western delivery locations for which Platts currently publishes assessments for electricity with firm delivery and liquidated damages. Non-firm electricity contracts allow for non-delivery without penalty under conditions described in the contract and generally trade at a discount to firm LD power. For the new non-firm assessments, Platts will apply its existing North American electricity methodology for day-ahead markets. The new assessments will be for Mid-C, COB, Palo Verde, Mead, Mona, Four Corners, NP15 and SP15. In addition, Platts will also assess Western prices for Sunday on-peak and Sunday off-peak delivery separately from the standard around-the-clock Sunday and off-peak Monday package. The assessments will be published by Platts in Platts Market Data.

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http://plts.co/elecNF821