Generator Bid-Cost Mark-up
| Units: | % |
| Mode: | Input/Output |
| Multi-band: | True |
| Default Value: | 0 |
| Validation Rule: | Any Value |
| Key Property: | No |
| Description: | Percentage mark-up applied to generator offer prices = (P - C) / C |
| Detail: |
- Input
Generator Bid-Cost Mark-up as input applies a mark-up to Offer Prices equal to a percentage of the Cost Price.
Example
| Generator | Property | Value | Band | Date From | Date To | Timeslice |
|---|---|---|---|---|---|---|
| Coal | Units | 1 | - | |||
| Coal | Max Capacity | 300 | MW | |||
| Coal | Min Stable Level | 120 | MW | |||
| Coal | Heat Rate | 10 | Gj/MWh | |||
| Coal | Fuel Price | 4 | $/GJ | |||
| Coal | Bid-Cost Mark-up | 5 | % | OFF PEAK | ||
| Coal | Bid-Cost Mark-up | 25 | % | PEAK |
In this case the Offer Price in "OFF PEAK" is calculated as:
Offer Price = 10 × 4 × ( 1 + 0.05 ) = $42/MWhand in "PEAK" it as:
Offer Price = 10 × 4 × ( 1 + 0.25 ) = $50/MWhBid-Cost Mark-up can be used with Mark-up Point in multiple bands to vary the mark-up percentage across the range of generation.
For more examples see the topic Generator Mark-up.
- Output
Generator Bid-Cost Mark-up as output is the percentage Mark-up applied to Generator Offer Price and is calculated as:
Bid-Cost Mark-up (b) = 100 × ( Offer Priceb - Cost Priceb ) / Cost Pricebwhere:
b indexes the Offer Quantity bands.See also: