Emission Shadow Price

Units: $/kg (Metric), $/lb (U.S. Imperial)
Mode: Input/Output
Multi-band: False
Default Value: 0
Validation Rule: Any Value
Key Property: No
Description: Shadow price (marginal cost) of emissions
Detail:

Emission Shadow Price as an input is the incremental cost of the Emission that appears in the simulation objective function as a pseudo-cost.

As an output it is the dual variable value associated with the emission production definition constraint. As such it represents the marginal cost to the system of the last/next unit of Emission Production. This price will reflect both input Shadow Price and/or the price of any binding Emission constraints e.g. defined using Max Production.

See also: