Region Price

Units:	$/MWh
Mode:	Input/Output
Multi-band:	False
Default Value:	0
Validation Rule:	Any Value
Key Property:	No
Description:	Price
Detail:

Input

Region Price as an input is the price paid to Generators in the Region. Defining Price as an input adds the following terms to the objective function of the simulation:

\begin{equation} \text{Maximize} \sum_{ i \in \href{Region.Generators.html}{\text{Generators}}} \text{Price} \times \href{Generator.Generation.html}{\text{Generation}} \end{equation}

i.e. the simulator will seek to maximize the Generator Net Profit given this defined energy Price.

Output

Region Price as an output is the price paid by Load in the Region. How this is computed is controlled by the Load Settlement Model setting.