In a Virtual Private LAN Service (VPLS) environment, a service provider is tasked with ensuring that the data plane can handle a specific amount of traffic while maintaining low latency and high availability. The provider has configured a VPLS instance with 10 customer sites, each generating an average of 100 Mbps of traffic. If the service provider wants to ensure that the total bandwidth allocated for the VPLS instance is sufficient to handle peak traffic, which is estimated to be 150% of the average traffic, what is the minimum bandwidth that should be allocated for the VPLS instance to accommodate this peak traffic scenario?