Units: | $ |
Mode: | Output Only |
Multi-band: | False |
Default Value: | |
Validation Rule: | |
Key Property: | No |
Description: | Monopoly rent from competitive bidding |
Generator Monopoly Rent is the additional profit earned by the Battery due to the selected strategic bidding algorithm, and defined as:
Monopoly Rent = (Generation Revenue - Cost to Load) - (Shadow Generation Revenue - Shadow Cost to Load)
Generally this value would be positive, meaning that strategic bidding increased profits, but in some cases it can be negative e.g. if mark-ups are so high that volume is lost or if the battery is part of a Company whose overall Net Profit has increased.