In addition to Member owned resources and long-term power purchase agreements, VPPSA manages - in close coordination with individual Members - short-term power portfolios by entering into shorter-term purchase power contracts. By monitoring current and forward power and other commodity markets, VPPSA can identify opportunities to enter into power transactions that help stabilize and/or reduce power supply costs, hedge risk exposure, and optimize embedded resources. This ensures that Members have secured energy and capacity resources that meet their needs on a quarterly, monthly, or even daily basis, and limits exposure to market price volatility.