| Units: | $/MWh |
| Mode: | Input/Output |
| Multi-band: | False |
| Default Value: | 0 |
| Validation Rule: | ≥0 |
| Key Property: | No |
| Description: | Demand function vertical intercept |
This is the demand function intercept for use in Nash-Cournot game.
The demand function is linear function with intercept in units of price (e.g. $/MWh). The higher the intercept relative to the Demand Slope, the less elastic the demand function.
Example
| Cournot | Property | Value | Units |
|---|---|---|---|
| A | Demand Intercept | 250 | $/MWh |
| A | Demand Slope | -0.02 | $/MWh/MWh |
As an output this is the demand function intercept used in the Nash-Cournot game. If defined as input this is simply a repeat of that input, otherwise it is the intercept computed based on the Elasticity assumed.