Region Uplift Cost Basis
Units: | - |
Mode: | Input Only |
Multi-band: | False |
Default Value: | 1 |
Validation Rule: | In (1,2) |
Key Property: | No |
Description: | Basis for calculating generation cost for uplift calculations (cost-based or bid-base) |
Detail: |
Region Uplift Cost Basis controls how generation cost is calculated when uplift is enabled.
- Cost-based (value = 1)
- Uplift is computed based on generation cost.
- Bid-based (value = 2)
- Uplift is computed based on generator offers (Offer Quantity, Offer Price, and Offer No Load Cost).
In general one would set this to Bid-based when emulating the dispatch and pricing of a market using historical generator offers, but for forecasting it is more appropriate to use Cost-based.
See also the article Uplift Methods.