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Summer Assume hate rate:7.2 Situation 1 Situation 2 Gas Price f1.25 62.5 Electricity Price E25 E15 Contractual Volume 700 700 Amount of Gas Traded 5040

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Summer Assume hate rate:7.2 Situation 1 Situation 2 Gas Price f1.25 62.5 Electricity Price E25 E15 Contractual Volume 700 700 Amount of Gas Traded 5040 5040 Revenue Electricity Pool Proceeds $420,000 $252,000 Expense Fix Payments per day E188,493 E188,493 Variable Payments per day f17,160 f17,160 Delivered Gas Cost f151,200 E302,400 Net Income E63,147 (E256,053)

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