Market Index

Market Attributes

Name	Units	Default Value	Validation Rule	Description
Unit Commitment	Yes/No	0	In (0,-1)	If Market [Buy/Sell Unit] properties act like unit commitment or apply independently every period.

Market Input Properties

Name	Units	Multi-band	Default Value	Validation Rule	Key Property	Description
Ask Spread	$	False	0		False	Spread on purchases from the market
Base Quantity	~	False	0		False	Expected clearing point on market demand function
Bid Spread	$	False	0		False	Spread on sales to the market
Bid-Ask Spread	$	False	0		False	Market bid-ask spread
Buy Block	~	False	0		False	Size of block for purchases
Buy Block Day	~	False	0		False	Size of block for purchases across each day
Buy Block Fixed Charge	$000	False	0		False	Fixed cost of block purchases
Buy Block Hour	~	False	0		False	Size of block for purchases across each hour
Buy Block Month	~	False	0		False	Size of block for purchases across each month
Buy Block Week	~	False	0		False	Size of block for purchases across each week
Buy Block Year	~	False	0		False	Size of block for purchases across each year
Buy Unit	~	False	0		False	Size of block for purchases (time independent)
Demand	~	True	0		False	Fixed demand (exact amount of sales to the Market)
Demand Curve	Yes/No	False	-1	In (0,-1)	False	Flag if the input multi-band Price/Quantity pairs are points on a demand curve; or incremental demand blocks.
Demand Settlement Model	-	False	2	In (0,1,2)	False	Model used to determine price paid by purchasers.
Firm Capacity	MW	False	0		False	Contribution of the market purchases to generation capacity for capacity reserves.
Is Forward	Yes/No	False	0	In (0,-1)	False	Flag if the market is a 'forward' market versus a 'real-time' market.
Is Marginal	Yes/No	False	-1	In (0,-1)	False	Flag if the market sets price on a marginal price basis; rather than block-by-block settlement.
Load Obligation	MW	False	0		False	Contribution of the market sales to the load obligation for capacity reserves.
Max Purchases	~	False	1E+30		False	Maximum purchase from the market
Max Purchases Day	~	False	1E+30		False	Maximum purchase from the market each day
Max Purchases Hour	~	False	1E+30		False	Maximum purchase from the market each hour
Max Purchases Month	~	False	1E+30		False	Maximum purchase from the market each month
Max Purchases Week	~	False	1E+30		False	Maximum purchase from the market each week
Max Purchases Year	~	False	1E+30		False	Maximum purchase from the market each year
Max Sales	~	False	1E+30		False	Maximum sales to the market
Max Sales Day	~	False	1E+30		False	Maximum sales to the market each day
Max Sales Hour	~	False	1E+30		False	Maximum sales to the market each hour
Max Sales Month	~	False	1E+30		False	Maximum sales to the market each month
Max Sales Week	~	False	1E+30		False	Maximum sales to the market each week
Max Sales Year	~	False	1E+30		False	Maximum sales to the market each year
Min Purchases	~	False	0		False	Minimum purchase from the market
Min Purchases Day	~	False	0		False	Minimum purchase from the market each day
Min Purchases Hour	~	False	0		False	Minimum purchase from the market each hour
Min Purchases Month	~	False	0		False	Minimum purchase from the market each month
Min Purchases Week	~	False	0		False	Minimum purchase from the market each week
Min Purchases Year	~	False	0		False	Minimum purchase from the market each year
Min Sales	~	False	0		False	Minimum sales to the market
Min Sales Day	~	False	0		False	Minimum sales to the market each day
Min Sales Hour	~	False	0		False	Minimum sales to the market each hour
Min Sales Month	~	False	0		False	Minimum sales to the market each month
Min Sales Week	~	False	0		False	Minimum sales to the market each week
Min Sales Year	~	False	0		False	Minimum sales to the market each year
Price	-	True	0		False	Price point on market demand function
Price Cap	$	False	1E+30		False	Cap on Market Price when using fixed Demand/Supply
Price Floor	$	False	-1E+30		False	Floor on Market Price when using fixed Demand/Supply
Price Incr	-	False	0		False	Increment to market price
Price Scalar	-	False	1		False	Scalar on market price
Price Setting	Yes/No	False	-1	In (0,-1)	False	Flag if the Market can set price
Quantity	~	True	0		False	Quantity point in market demand function
Sell Block	~	False	0		False	Size of block for sales
Sell Block Day	~	False	0		False	Size of block for sales across each day
Sell Block Fixed Charge	$000	False	0		False	Fixed cost of block sales
Sell Block Hour	~	False	0		False	Size of block for sales across each hour
Sell Block Month	~	False	0		False	Size of block for sales across each month
Sell Block Week	~	False	0		False	Size of block for sales across each week
Sell Block Year	~	False	0		False	Size of block for sales across each year
Sell Unit	~	False	0		False	Size of block for sales (time independent)
Shortage Price	$	True	1E+30		False	Penalty price for supply shortage
Supply	~	True	0		False	Fixed supply (exact amount of supply from the Market)
Supply Settlement Model	-	False	1	In (0,1,2)	False	Model used to determine price paid to suppliers
Surplus Price	$	True	1E+30		False	Penalty price for excess supply
Units	-	False	1	In (0,1)	True	Flag if the Market is in service
x	-	True	0		False	Value to pass-through to solution
y	-	True	0		False	Value to pass-through to solution
z	-	True	0		False	Value to pass-through to solution

Market Entities Input Properties

Name	Units	Multi-band	Default Value	Validation Rule	Key Property	Description
Share	%	False	100	Between 0 And 100	False	Entities share of the market trades

Market Constraints Input Properties

Name	Units	Multi-band	Default Value	Validation Rule	Key Property	Description
Cost Coefficient	$	False	0		False	Coefficient of market purchase costs
Purchases Coefficient	-	False	0		False	Coefficient of market purchases
Revenue Coefficient	$	False	0		False	Coefficient of market sales revenues
Sales Coefficient	-	False	0		False	Coefficient of market sales

Market Objectives Input Properties

Name	Units	Multi-band	Default Value	Validation Rule	Key Property	Description
Cost Coefficient	$	False	0		False	Coefficient of market purchase costs
Purchases Coefficient	-	False	0		False	Coefficient of market purchases
Revenue Coefficient	$	False	0		False	Coefficient of market sales revenues
Sales Coefficient	-	False	0		False	Coefficient of market sales

Market Output Properties

Name	Summary Name	Property Group	Phases	Multi-band	Description
Cost - $	Cost - $000	Production	LT Plan, MT Schedule, ST Schedule	False	Cost of purchases from the market
Firm Capacity - MW	Firm Capacity - MW	Capacity	LT Plan, PASA, MT Schedule, ST Schedule	False	Contribution of the market purchases to generation capacity for capacity reserves.
Load Obligation - MW	Load Obligation - MW	Capacity	LT Plan, PASA, MT Schedule, ST Schedule	False	Contribution of the market sales to the load obligation for capacity reserves.
Natural Cost - $	Natural Cost - $000	Production	LT Plan, MT Schedule, ST Schedule	False	Cost of purchases from the market ignoring bid-ask spread
Natural Revenue - $	Natural Revenue - $000	Production	LT Plan, MT Schedule, ST Schedule	False	Value of sales to the market ignoring bid-ask spread
Net Cost - $	Net Cost - $000	Production	LT Plan, MT Schedule, ST Schedule	False	Net cost of purchases from the market
Net Purchases	Net Purchases	Production	LT Plan, MT Schedule, ST Schedule	False	Net purchases from the market
Net Revenue - $	Net Revenue - $000	Production	LT Plan, MT Schedule, ST Schedule	False	Net revenue from reserve sales in the market
Net Sales	Net Sales	Production	LT Plan, MT Schedule, ST Schedule	False	Net reserve sold into the market
Price - $	Price - $	Production	LT Plan, MT Schedule, ST Schedule	False	Price point on market demand function
Price Cap Hours - h	Price Cap Hours - h	Production	LT Plan, MT Schedule, ST Schedule	False	Number of hours the price cap was applied
Price Floor Hours - h	Price Floor Hours - h	Production	LT Plan, MT Schedule, ST Schedule	False	Number of hours the price floor was applied
Price Paid - $	Price Paid - $	Production	LT Plan, MT Schedule, ST Schedule	False	Average price paid
Price Received - $	Price Received - $	Production	LT Plan, MT Schedule, ST Schedule	False	Average price received
Purchases	Purchases	Production	LT Plan, MT Schedule, ST Schedule	False	Purchases from the market
Revenue - $	Revenue - $000	Production	LT Plan, MT Schedule, ST Schedule	False	Value of sales to the market
Sales	Sales	Production	LT Plan, MT Schedule, ST Schedule	False	Sales to the market
Shortage	Shortage	Production	LT Plan, MT Schedule, ST Schedule	False	Amount that demand exceeds supply
Shortage Cost - $	Shortage Cost - $000	Production	LT Plan, MT Schedule, ST Schedule	False	Cost of shortage
Shortage Hours - h	Shortage Hours - h	Production	LT Plan, MT Schedule, ST Schedule	False	Number of hours demand exceeds supply
Surplus	Surplus	Production	LT Plan, MT Schedule, ST Schedule	False	Amount that supply exceeds demand
Surplus Cost - $	Surplus Cost - $000	Production	LT Plan, MT Schedule, ST Schedule	False	Cost of surplus
Surplus Hours - h	Surplus Hours - h	Production	LT Plan, MT Schedule, ST Schedule	False	Number of hours that supply exceeds demand
Total Cost - $	Total Cost - $000	Production	LT Plan, MT Schedule, ST Schedule	False	Cost including block fixed costs
x	x	Pass-through	LT Plan, PASA, MT Schedule, ST Schedule	True	Value to pass-through to solution
y	y	Pass-through	LT Plan, PASA, MT Schedule, ST Schedule	True	Value to pass-through to solution
z	z	Pass-through	LT Plan, PASA, MT Schedule, ST Schedule	True	Value to pass-through to solution