Battery Cleared Bid Cost

Units:$
Mode:Output Only
Multi-band:False
Default Value:
Validation Rule:
Key Property:No
Description:Area cleared under generator bid curve

Battery Cleared Bid Cost is the 'cost' of Load as seen by the Market Operator and is defined as:

Cleared Bid Cost = ∑ ( b ) ( -Bid Priceb × Bid Clearedb )

This value is usually negative indicating that the system benefits from increased consumption.

See also: