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That is the price that FERC uses to determine scarcity prices.
Good profits - at high risks - for such shipowners: arriving weeks ahead of convoys meant merchants could always get very high scarcity prices for the freights.
Researchers have noted that a variety of factors, including energy price caps set well below the putative scarcity value of energy, the impact of "out-of-merit" dispatch, the use of techniques such as voltage reductions during scarcity periods with no corresponding scarcity price signal, etc., results in a "missing money" problem.