Purchaser Cleared Bid Value

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

Purchaser Cleared Bid Value is the value of Load as seen by the Market Operator and is defined as:

Cleared Bid Value = ∑ ( b ) ( Bid Priceb × Bid Clearedb )

See also: