Practice Test - West Coast B
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This Practice Test - West Coast B assesses knowledge on internal trade indices, membership benefits in energy associations, market pricing strategies, and company codes. It is designed for professionals involved in energy trading or management, enhancing understanding of operational and strategic aspects of the sector.
- 1.
Which index is used on Day Ahead internal trades?
- A.
ICE MID C
- B.
Powerdex MID C
- C.
Dow Jones MID C
- D.
NP 15
- E.
SP 15
Correct Answer
A. ICE MID CExplanation
The correct answer is ICE MID C. ICE MID C is the index used on Day Ahead internal trades.Rate this question:
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- 2.
How many ownership units in TEA do large Members receive?
- A.
2
- B.
5
- C.
3
- D.
1
- E.
None of the above
Correct Answer
C. 3Explanation
Large Members receive 3 ownership units in TEA.Rate this question:
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- 3.
When purchasing from a third party to fill a TEA BODA transaction, the price that will be paid is:
- A.
ICE MID C Index
- B.
Powerdex Index
- C.
ICE MID C plus $1
- D.
Market Price
- E.
Powerdex plus $.25
Correct Answer
D. Market PriceExplanation
When purchasing from a third party to fill a TEA BODA transaction, the price that will be paid is the market price. This means that the price will be determined by the current market conditions and the prevailing supply and demand dynamics. It may fluctuate based on various factors such as the availability of the product, the competitiveness of the market, and any additional costs or fees associated with the transaction. Therefore, the buyer will need to pay the prevailing market price to complete the transaction.Rate this question:
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- 4.
Todd O'Keefe is the CSM (Client Service Manager) for Klickitat PUD (KPUD).
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The given statement is false. Todd O'Keefe is not the CSM for Klickitat PUD (KPUD).Rate this question:
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- 5.
Which company code does not belong to a West Coast Member/Partner?
- A.
41
- B.
22
- C.
35
- D.
33
- E.
24
- F.
All of the above
- G.
None of the above
Correct Answer
D. 33Explanation
The company code 33 does not belong to a West Coast Member/Partner.Rate this question:
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- 6.
A is a deal that offsets a Day Ahead purchase for a Partner. The offsetting transaction will yield positive margin for the Partner.
Correct Answer
redirect - 7.
For a transaction where CPU is a company in the deal and the internal company is TEA cash, the other company must always be TEA.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The given statement is true because it states that in a transaction where CPU is a company and the internal company is TEA cash, the other company must always be TEA. This means that in this specific transaction, the other company involved will always be TEA.Rate this question:
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- 8.
Financial settlement of power that did not flow in a FLD market is called a:
- A.
Bookout
- B.
Sleeve
- C.
Resupply
- D.
Loss Repay
- E.
None of the above
Correct Answer
A. BookoutExplanation
A financial settlement of power that did not flow in a FLD market is called a "bookout." This term is commonly used in energy trading to refer to the process of settling trades that were not physically delivered. It allows market participants to close out their positions and reconcile any discrepancies between their contractual obligations and the actual flow of power. The bookout process helps ensure that financial settlements accurately reflect the market conditions and reduces the risk of financial losses for market participants.Rate this question:
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- 9.
The cost type describes the reimbursement of margin due to noncash(Agent) transmission on a TEA Cash power deal.
Correct Answer
Agent Trans RefundExplanation
The term "Agent Trans Refund" is the correct answer because it accurately describes the reimbursement of margin due to noncash transmission on a TEA Cash power deal. This suggests that when an agent is involved in the transmission process, any margin that is not in the form of cash will be refunded.Rate this question:
- 10.
What will a Member/Partner be paid for supplying power for a resupply transaction?
- A.
ICE MID C
- B.
Powerdex
- C.
The Market
- D.
Dow Jones
- E.
None of the above
Correct Answer
B. PowerdexExplanation
Powerdex is a platform that allows members/partners to supply power for resupply transactions. Therefore, it can be inferred that a Member/Partner will be paid for supplying power through Powerdex. The other options, ICE MID C, The Market, Dow Jones, and None of the above, are not relevant to the question and do not provide any information about the payment for supplying power.Rate this question:
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Current Version
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May 24, 2023Quiz Edited by
ProProfs Editorial Team -
Jul 05, 2013Quiz Created by
Dzaros
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