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How Market Clearing Price (MCP) and Market Clearing Volume (MCV) is calculated?

April 26, 2017calculated clearing market MCP mcv price volume

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How Market Clearing Price (MCP) and Market Clearing Volume (MCV) is calculated?

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Prices are governed by the principal of Demand Vs Supply at exchange platform. MCP Is the price of hourly electricity contracts established on IEX arrived at after considering all valid purchase and sale bids on unconstrained transmission network.