Traditional
This option activates the Traditional Long-Term Optimization Logic. Using this method, the economic measure used is real, levelized net present value (revenues less cost) on a $/MW basis.
Investment cost is included in the cost portion of the formula and the methodology assumes that potentially non-economic contracts will not influence the marketplace and that someone will capture the opportunity value of non-economic contracts.
Minimum Add Value - This setting is used to specify the minimum value of a new resource considered for addition to the long-term capacity expansion study. This value will be applied to all new resource options assumed in the study. The value is specified in real levelized net present value (NPV) in $000/MW.
Minimum Drop Value - This setting is used to specify the minimum value for an existing resource for it to be considered for retirement during a long-term capacity expansion study. The value is specified in real levelized net present value (NPV) in $000/MW (applied as a negative value), at which point a resource losing money will be eligible for retirement.
Traditional
