Competition Index
Competition Attributes
Name | Units | Default Value | Validation Rule | Description |
---|---|---|---|---|
Bertrand Detect Active Ramp Constraints | Yes/No | -1 | In (0,-1) | If the Bertrand algorithm should detect when generators are constrained due to ramping. |
Bertrand OOMOD Enabled | Yes/No | -1 | In (0,-1) | If the Bertrand algorithm should seek to maximize profits by out-of-merit-order dispatch. |
Contracts Handoff Point | - | 0 | In (0,1) | Location of hand-off for setting of contract settlement price |
Contracts Optimize Offers | Yes/No | 0 | In (0,-1) | If contract position should be considered when offering generation. |
Contracts Settlement Method | - | 0 | In (0,1,2) | Method of calculating contract quantities for settlement |
Default Elasticity | $/MWh2 (Metric), $/MWh/MWh (U.S. Imperial) | -0.2 | <0 | Default price elasticity of demand |
Demand Scaling | Yes/No | -1 | In (0,-1) | If Nash-Cournot result scales input loads to reflect price elasticity of demand. |
Epsilon | - | 0.01 | >0 | Minimum margin between competing offer prices or between offer prices and the price cap. |
Equilibrium Model | - | 0 | In (0,1,2) | Equilibrium Model. Optimizes generation / pricing position of portfolios over the short or medium term. |
Mark-up Min Stable Level | Yes/No | 0 | In (0,-1) | If mark-up should be applied to the full range of unit output including [Min Stable Level]. |
Market Trading Format | - | 1 | In (0,1) | Trading format for Cournot model (Bilateral=No Arbitrage, POOLCO=With Arbitrage). |
No Load Cost Mark-up | Yes/No | 0 | In (0,-1) | If marginal cost bid should be adjusted to account for no-load cost |
Non Price Setting Enabled | Yes/No | -1 | In (0,-1) | If non-price setting plant should be fixed prior to the final price calculation |
Pricing Strategy | - | 0 | In (0,1,2,3) | The Bertrand Competition strategy used to set offer/bid prices each interval. |
Revenue Targeting Iterations | - | 1 | ≥1 | Number of iterations used to recover fixed costs. |
Revenue Targeting Method | - | 0 | In (0,1,2) | Method used in adjusting offers to meet revenue targets. |
RSI Bid-Cost Mark-up Method | - | 0 | In (0,1,2) | Method used in applying calculated bid cost markups to companies then generating units. |
RSI Enabled | Yes/No | 0 | In (0,-1) | If Residual Supply Index method is used. |
Start Cost Mark-up | Yes/No | 0 | In (0,-1) | If mark-ups are calculated to recover generator start cost |
Start Cost Mark-up Method | - | 0 | In (0,1) | Algorithm used to apply start cost mark-ups |
Start Cost Mark-up Production Bands | - | 100 | ≥1 | Number of bands of production used in recovery of a start cost across each window |
Start Cost Mark-up Window | h | 24 | Number of hours over which a start cost should be recovered using mark-up on production |