Battery Cleared Bid Cost

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

Battery Cleared Bid Cost is the 'cost' of Load as seen by the Market Operator and is defined as:

Cleared Bid Cost = ∑ ( b ) ( -Bid Price_b × Bid Cleared_b )

This value is usually negative indicating that the system benefits from increased consumption.

See also:

• Battery Bid Cleared
• Battery Cleared Bid Price
• Battery Cost