Reserve Generators Cleared Offer Cost

Units:$
Mode:Output Only
Multi-band:False
Default Value:
Validation Rule:
Key Property:No
Description:Cost of cleared offer bands.

Reserve Generators Cleared Offer Cost is the cost of Provision as seen by the objective function of the Market Operator and is defined as:

Cleared Offer Cost = ∑ ( b ) ( Offer Priceb × Provisionb )

See also: