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The day ahead PJM market for on peak power is trading $80/MWh. The bid for the four (4) hour super-peaking period, hours ending 16:00 to

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The day ahead PJM market for on peak power is trading $80/MWh. The bid for the four (4) hour super-peaking period, hours ending 16:00 to 19:00, is trading $120/MWh. a). If you buy the day ahead on peak swap for $80 and sell the super-peak swap for $120, what do you expect to happen? (3 pts) b). As in (a), what is the real time average on peak break even price? Show work! (3 pts) The day ahead PJM market for on peak power is trading $80/MWh. The bid for the four (4) hour super-peaking period, hours ending 16:00 to 19:00, is trading $120/MWh. a). If you buy the day ahead on peak swap for $80 and sell the super-peak swap for $120, what do you expect to happen? (3 pts) b). As in (a), what is the real time average on peak break even price? Show work! (3 pts)

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