•There
are two rounds
•In
round 1, intra-zonal congestion limit is ignored (i.e., set to
infinity)
ØAll
winning bids are paid zonal clearing price
ØIf there is no inter-zonal congestion, Zone 1 and
Zone 2 prices are the same and are set by highest winning bid
ØIf
there is inter-zonal congestion, each zone’s prices are set by
highest winning bid within zone