Marginal cost definition

Marginal cost means the electrical utility’s marginal cost for producing energy.
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Marginal cost means the change in total cost due to a small change in the quantity produced or provided.
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Marginal cost means the change in total cost due to a small change in the quantity of an item produced or service provided.
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Examples of Marginal cost in a sentence

  • Marginal cost of serving very large industrial electric loads; risk, incentives and rate design.

  • If the appropriation is less than the total of the amount of general state financial aid each community college received in the base year, the moneys shall be allocated in the same proportion as the allocation of general state financial aid each community college received in the base year.(2) Marginal cost adjustment.

  • Marginal cost study: inclusion of all load-related transmission projects, cri- tique of minimum- and zero-intercept methods for distribution.

  • Element of costs, Marginal cost, Marginal Revenue, Sunk cost, Private and Social cost, Opportunity cost.

  • Marginal cost study: inclusion of all load-related transmission projects, critique of minimum- and zero-intercept methods for distribution.

  • Marginal cost is the addition to the total cost due to the production of an additional unit of product.

  • Electricity pricing : Electricity pricing in Generation, Transmission and Distribution, Introduction to Marginal cost, opportunity Costs, Dynamic pricing mechanism (ABT), Price elasticity of demand, Tariff setting principles, Distribution tariff for H.

  • Marginal cost refers to the increase or decrease in total cost caused due to increase or decrease in output by one single unit.

  • Marginal cost of technology j at location l for firm i is therefore an affine function.

  • Marginal cost falls and rises steeply when compared to average cost.Price output determination (Equilibrium Point) The monopolistic firm attains equilibrium when its marginal cost becomes equal to the marginal revenue.


More Definitions of Marginal cost

Marginal cost means the supplier’s forecasted marginal cost for producing energy over the term of the rate proposal.
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Marginal cost means the cost of providing or consuming the next additional unit of a good or service at a given point in time. The marginal cost to a utility of providing an additional kilowatt‐hour (kWh) of electricity varies depending on when that electricity is being used, while the marginal cost to the customer for each kWh consumed (the unit price) is relatively stable, changing only when rates change.
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Marginal cost means a change in the total cost corresponding to a small change in the quantity of production, demand, network usage, etc.
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Marginal cost means the change in total cost corresponding to a small change in the quantity of generation, demand, use of the network, etc.;
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Marginal cost for the purposes of this Paragraph shall mean Service Provider’s marginal cost as agreed in writing by the parties. The parties acknowledge that Service Provider’s marginal cost generally means its direct costs less general overhead and administration expenses allocated to the provision of the Services. A business forecast based on marginal cost will be provided on a quarterly basis for budget purposes. Charges will be billed one month in arrears to allow for the calculation of actual marginal costs.
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Marginal cost the Operator’s estimate of the actual variable cost of generation from each Unit of the Facility in $/MWh basis, that is consistent with PJM rules for use as a Cost-Based Offer.
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Related to Marginal cost

  • Marginal Value means the difference between actual taxable value and base taxable value.

  • Original Cost means the total amount paid to purchase a security, including any transaction charges related to the purchase;

  • Normal cost means the annual cost attributable, under the actuarial cost method in use, to current and future years as of a particular valuation date, excluding any payment in respect of an unfunded actuarial liability.

  • Additional Cost has the meaning assigned to such term in Section 3.01.

  • Marginal Tax Rate means the maximum marginal regular Federal individual income tax rate applicable to ordinary income or the maximum marginal regular Federal corporate income tax rate, whichever is greater.

  • Locational Marginal Price or “LMP” shall mean the market clearing price for energy at a given location in a Party’s RC Area, and “Locational Marginal Pricing” shall mean the processes related to the determination of the LMP.

  • Additional Cost Rate has the meaning given to it in Schedule 4 (Mandatory Cost formulae).

  • book cost means the total amount paid to purchase a security, including any transaction charges related to the purchase, adjusted for reinvested distributions, returns of capital and corporate reorganizations;

  • Total cost means the total annual cost of benefits and related costs including but not limited to claims, administration expenses, insurance premiums, consulting, auditing and advisory fees and all other costs and taxes, as reported on the insurance carrier’s most recent yearly statement, and if any, premium costs on other district school area board or public school authority statements, for the year ending no later than August 31, 2015. The aforementioned statements are to be provided to the Ministry of Education. Total Cost excludes retiree costs. The average number of Full-Time Equivalent (FTE) positions in the bargaining unit as at October 31st and March 31st for the period consistent with this clause.

  • Actual Cost means the cost of depleted supplies, records storage media costs, actual mailing and alternative delivery costs, or other transmitting costs, and any direct equipment operating and maintenance costs, including actual costs paid to private contractors for copying services.

  • Historical cost means the actual cost incurred in acquiring and preparing a fixed asset for use. Historical cost includes such planning costs as feasibility studies, architects' fees, and engineering studies. Historical cost does not include "start-up costs" as defined in this rule.

  • Tax Cost means any increase in Tax payments otherwise required to be made to a Taxing Authority (or any reduction in any refund otherwise receivable from any Taxing Authority).

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • Current Value shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Adjusted Net Earnings means net earnings (loss) attributable to common stockholders as reported in the Company’s periodic reports filed with the Securities and Exchange Commission, provided that such amount shall be adjusted by reversing the following, to the extent such adjustments were made in calculating such net earnings (loss) attributable to common stockholders:

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Current Unit Rates are Forest Service estimates of the unit rates for doing the work at the time the adjustment is approved.

  • Incremental cost means all costs that could be avoided in the medium term if a Segment was removed from the Network;

  • Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.

  • Daily Measurement Value means the Specified Dollar Amount (if any), divided by 40.

  • Assessed value means 1 of the following:

  • Reserve Percentage means, on any day, for any Lender, the maximum percentage prescribed by the Board of Governors of the Federal Reserve System (or any successor Governmental Authority) for determining the reserve requirements (including any basic, supplemental, marginal, or emergency reserves) that are in effect on such date with respect to eurocurrency funding (currently referred to as “eurocurrency liabilities”) of that Lender, but so long as such Lender is not required or directed under applicable regulations to maintain such reserves, the Reserve Percentage shall be zero.

  • Loss Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) 2.25, multiplied by (b) the highest average of the Default Ratios for any three (3) consecutive Fiscal Months during the twelve (12) most recent Fiscal Months, multiplied by (c) the Loss Horizon Ratio.