LIQUIDATED DAMAGES AMOUNT FOR HOURLY FIRM PROJECTS
SAMPLE CALCULATION (for illustrative information purposes only) Cells shaded in yellow require user input. Worksheets are protected using 'calculator' as password.
EFEP (escalated Firm Energy Price for year N) BC CPI Transmission Losses (L) Month M Time of Delivery Factors (from EPA Term Sheet) Off-Peak 105% Peak 122% Super-Peak 141% On-Peak 127% Jan 1, 2009 Jan 1, year N
122.86 $/MWh 100 115.66 5.50%
Hourly Firm Credits ($/MWh) (to be provided in Specimen EPA) Off-Peak 0 Peak 20 Super-Peak 20
Hourly Firm Energy Delivery Profile (MWh/h) Off-Peak 8 Peak 10 Super-Peak 10
Calculate LD Amounts for Month M: (see Notes) Day 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Mid-C Prices (C$/MWh)
Off-Peak Peak Super-Peak
Delivery Shortfalls (MWh)
Off-Peak Peak Super-Peak
LD Factor (C$/MWh)
Off-Peak Peak Super-Peak
81.02 81.27 70.59 71.22 71.00 67.63 62.98 64.67 119.21 72.82 72.45 75.22 74.04 69.51 75.53 75.10 65.12 65.00 66.43 69.89 75.08 78.27 79.31 71.70 71.83 68.81 67.93 64.62 67.95 63.02 64.50
79.74 83.32 71.34 71.98 70.14 70.00 67.28 65.84 162.23 179.19 171.90 74.62 73.45 70.26 74.19 74.19 70.64 70.51 72.21 76.82 77.63 77.12 76.90 72.30 72.44 70.76 70.10 67.37 68.21 68.17 66.58
92.16 96.29 82.46 83.19 81.07 80.90 77.75 76.10 187.50 207.10 198.67 86.24 84.89 81.20 85.75 85.74 81.64 81.49 83.45 88.78 89.71 89.13 88.87 83.56 83.72 81.78 81.02 77.87 78.83 78.79 76.95
2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1
13.2 13.2 13.2 13.2 13.2 13.2 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 13.2 13.2 13.2 13.2 13.2 13.2 13.2 13.2 13.2 13.2 13.2 13.2 13.2 14.2 13.2
0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8
5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 LD Amount
5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 26.75 43.71 36.42 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78
5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 27.32 46.92 38.49 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78
LD Amount $87.99 $87.99 $87.99 $87.99 $87.99 $87.99 $70.50 $70.50 $284.94 $454.56 $350.17 $60.66 $60.66 $60.66 $60.66 $60.66 $78.15 $78.15 $82.52 $82.52 $82.52 $82.52 $82.52 $82.52 $82.52 $82.52 $82.52 $82.52 $82.52 $87.99 $82.52 $3,296.42
Clean Power Call
07-Aug-08
Page 1
LIQUIDATED DAMAGES AMOUNT FOR SEASONALLY FIRM PROJECTS
SAMPLE CALCULATION (for illustrative information purposes only) Cells shaded in yellow require user input. Worksheets are protected using 'calculator' as password. EFEP (escalated Firm Energy Price for year N) BC CPI Jan 1, 2009 Jan 1, year N 122.86 $/MWh 100.00 115.66 5.5% Month 1 Month 2 Exch Rate 1.0010 1.0200 Total Hours 672 744 Weighted Average Exchange Rate Month 3 1.0115 720 1.0112 Values in blue can be modified by User.
Transmission Losses (L)
Seasonal Firm Energy (from Firm Energy Profile) Delivered Eligible Energy for the Season Delivery Shortfall Number of Hours in Period Month 1 Month 2 Month 3 288 319 308 288 319 309 96 106 103 384 425 412
90 GWh 88 GWh 2 GWh
Off-Peak Peak Super-Peak On-Peak
Time of Delivery Factors Month 1 Month 2 Month 3 101% 99% 85% 113% 112% 95% 124% 124% 104% 116% 115% 97% 2202 2136 103%
Avg of daily Mid-C Prices for the Season (US$/MWh) 80.00
95.00
Sum of (hours in period * Time of Delivery Factor) Total hours in season Seasonal TDF = time weighted average of the TDFs in the season =
Seasonal Mid-C Price (C$/MWh) = [(off-peak hours in season * avg of daily off-peak Mid-C price indices) + (on-peak hours in season * avg of daily on-peak Mid-C price indices)] / total hours in season = LD Factor: greater of:
89.56 C$/MWh
(i) (ii)
5.00 * CPIN / CPI2009 = Seasonal Mid-C Price - (EFEP * Seasonal TDF)/(1-L) = $10,924.20
5.78 $/MWh -134.05 $/MWh
LD Amount = LD Factor * Delivery Shortfall * 1000 * (1-L) =
Clean Power Call
07-Aug-08
Page 2