6f292c0a_3_Implementation_Issue_No__C15__Option_Contract_on_Electricity
[0] 8 Damage provisions upon default are usually based on a reduction of the capacity payment (which is not market based). If default provisions specify market liquidating damages, they usually contain some form of floor, ceiling, or both. The characteristics of the default provision are usually tied to the expected generation facility.
Damage provisions upon default are based on market liquidating damages.
Statement 133 Implementation Issue No. C15
Financial Option Contract on Electricity