It's not a price floor [1]. If the wholesale price of power is higher than the strike price, then the operator pays the difference to the regulator. [1]

It's not a price floor [1]. If the wholesale price of power is higher than the strike price, then the operator pays the difference to the regulator. [1] https://www.jstor.org/stable/pdf/resrep14807.4.pdf https://www.jstor.org/stable/pdf/resrep14807.4.pdf