Capacity Pricing Function Column
Column Type = Text
This optional column provides the ability to control the level of the capacity credits when performing a long-term run with Planning Reserve Requirements. Populate this column with a reference to a vector in the Time Series Weekly table that defines the factor to be used based on reserve margin, in currency/MW-wk. When calculating capacity prices, the model will find the current installed reserve margin and use the appropriate value, interpolating between the defined points, which will be multiplied against the shortfall calculation. If the column is missing or NULL, the pricing factor defaults to 1.
Values are reported in the LTCapacLog output table.
NOTE: Inputs are specified as a weekly vector via a reference to an ID in the Time Series Weekly table (or nested in a Time Series Annual reference). See Entering a Time Series for more information.
Capacity Pricing Function Column