Purchaser Cleared Bid Value

Units:	$
Mode:	Output Only
Multi-band:	False
Default Value:
Validation Rule:
Key Property:	No
Description:	Area cleared under demand curve
Detail:

Purchaser Cleared Bid Value is the value of Load as seen by the Market Operator and is defined as:

Cleared Bid Value = ∑ ( b ) ( Bid Price_b × Bid Cleared_b )

See also:

• Purchaser Bid Cleared
• Purchaser Cleared Bid Price
• Purchaser Cost to Load