| Units: | $/kW/yr |
| Mode: | Input Only |
| Multi-band: | False |
| Default Value: | 0 |
| Validation Rule: | Any Value |
| Key Property: | No |
| Description: | Annual fixed operation and maintenance charge |
Generator FO&M Charge is the fixed operations and maintenance charge for each installed unit, and forms part of the annual fixed cost charge along with Debt Charge and Equity Charge. The charge is defined on a per kilowatt-year basis, thus the total FO&M Cost for a unit in a year is defined as:
FO&M
Cost = Installed
Capacity (MW) x FO&M Charge ($/kW) x 1000
(kW/MW)
The tax rate is taken into account if Depreciation Method is set so that:
FO&M Charge (modeled) = FO&M Charge x (1 - Tax Rate)
This charge is combined with the Build Cost in the objective function of LT Plan. The cost is also relevant for retirement candidates (as an avoidable cost).
| Property | Value | Units |
|---|---|---|
| Units | 1 | - |
| Max Capacity | 250 | MW |
| F&OM Charge | 15 | $/kW/year |
| Rating | 250 | MW |
Fixed costs are only counted against a generator's Installed
Capacity i.e. generators with zero Units
or zero Units Built do not
incur fixed costs. The total fixed operations and maintenance cost
incurred is reported in the FO&M
Cost property.
The dynamic bidding of generators to recover these fixed costs can be modeled in MT Schedule and ST Schedule according to the Competition Equilibrium Model setting.