Reserve Cleared Offer Price

Units:	$/MWh
Mode:	Output Only
Multi-band:	False
Default Value:
Validation Rule:
Key Property:	No
Description:	Price of marginal offer band

Reserve Cleared Offer Price is the marginal cost of Provision as seen by the objective function of the Market Operator and is defined as:

\begin{equation} \text{Cleared Offer Price} = \max\left( \sum_{ i \in \href{Reserve.Generators.html}{\text{Generators}}} \href{ReserveGenerators.ClearedOfferPrice.html}{\text{Cleared Offer Price}}_{i} + \sum_{i \in \href{Reserve.Purchasers.html}{\text{Purchasers}}} \href{ReservePurchasers.ClearedOfferPrice.html}{\text{Cleared Offer Price}}_{i} \right) \end{equation}

See also:

• Reserve Cleared Offer Cost