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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

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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