Shadow Price definition

Shadow Price means the marginal value of relieving a particular constraint which is determined by the reduction in system cost that would result from an incremental relaxation of that constraint.

Shadow Price means the dual price of a CNEC or allocation constraint representing the increase in the economic surplus if a constraint is increased by one MW;

Shadow Price means the dual price of a CNEC or external constraint, representing the increase in the economic surplus if the constraint (RAM or EC, respectively) is increased by one MW;

Examples of Shadow Price in a sentence

• The ISO shall calculate Storm Watch Costs by multiplying the real-time Shadow Price of any binding constraint associated with a Storm Watch, by the higher of (a) zero; or (b) the scheduled Day-Ahead flow across the constraint minus the actual real-time flow across the constraint.

• Each Real-Time Shadow Price in each RTD interval shall equal the marginal Bid cost of scheduling Resources to provide additional Regulation Service in that interval, including any impact on the Bid Production Cost of procuring Energy or Operating Reserves that would result from procuring an increment of Regulation Service in that interval.

• Transmission Shortage Cost: A pricing mechanism utilized in determining the Shadow Price of a particular transmission Constraint that will be used in calculating LBMP in accordance with Section 17.1.4 of Attachment B of this ISO Services Tariff.

• Each hourly Day-Ahead Shadow Price shall equal the marginal Bid cost of scheduling Resources to provide additional Regulation Service in that hour, including any impact on the Bid Production Cost of procuring Energy or Operating Reserves that would result from procuring an increment of Regulation Service in that hour, as calculated during the fifth SCUC pass described in Section 17.1.3 of Attachment B to this ISO Services Tariff.

• The Day-Ahead Regulation Capacity Market Price for each hour shall equal the Day-Ahead Shadow Price of the ISO’s Regulation Service constraint for that hour, which shall be established under the ISO Procedures, minus the product of i) the Day-Ahead Regulation Movement Bid Price of the marginal Resource selected to provide Regulation Service; and ii) the applicable Regulation Movement Multiplier.

• Ultimately, the behaviorist movement waned and the self was restored to legitimacy within the field of psychology, with virtually all areas of psychology currently interested in self- relevant phenomena.We ended the chapter by indicating what the book will cover and by noting several topics that will be omitted.• This book presents a psychological analysis of the self.

• Regulation Service Demand Curve: A series of quantity/price points that defines the maximum Shadow Price for Regulation Service corresponding to each possible quantity of Resources that the ISO’s software may schedule to satisfy the ISO’s Regulation Service constraint.

• As a result, the Shadow Price shall include the Day-Ahead Regulation Service Bids of the marginal Resource selected to provide Regulation Service, plus any margins on the sale of Energy or Operating Reserves in the Day-Ahead Market that the Resource would forego if scheduling it to provide additional Regulation Service would lead to it being scheduled to provide less Energy or Operating Reserves (or the applicable price on the Regulation Service Demand Curve during shortage conditions).

• The Real-Time Regulation Capacity Market Price for each interval shall equal the real-time Shadow Price for the ISO’s Regulation Service constraint for that RTD interval, which shall be established under the ISO Procedures, minus the product of: i) the real-time Regulation Movement Bid of the marginal Resource selected to provide Real-Time Regulation Service; and ii) the applicable Regulation Movement Multiplier.

• As a result, the Shadow Price shall include the Real-Time Regulation Service Bids of the marginal Resource selected to provide Regulation Service, plus any margins on the sale of Energy or Operating Reserves in the Real-Time Market that Resource would forego if scheduling it to provide additional Regulation Service would lead to it being scheduled to provide less Energy or Operating Reserves (or the applicable price on the Regulation Service Demand Curve during shortage conditions).

More Definitions of Shadow Price

Shadow Price means shadow price as defined in the methodology developed pursuant to Article 73(1) of the CACM Regulation; in the absence of such definition, it means the dual price of a critical network element with contingency (CNEC) or allocation constraint representing the increase in the economic surplus if a constraint is increased by one (1) MW.

Shadow Price means the difference between the constant Nav per unit or share of a CNav MMF, valued in accordance with the amortised cost method and divided by the number of outstanding units or shares of the MMF, and the Nav per unit or per share of a CNav MMFs, valued in accordance with the mark to market and mark to model methods and divided by the number of outstanding units or shares of the MMF.

Shadow Price means the marginal value of relieving a constraint which is determined by the reduction in production cost that would result from an incremental relaxation of that constraint.

Shadow Price means the marginal value of relieving a particular constraint which is determined by the reduction in system cost that resultswould result from an incremental relaxation of that constraint.

Shadow Price here means a factor, generally greater than unity, by which a monetary value is multiplied to calculate its social value.

Shadow Price means the dual price of a critical network element associated with a contingency used in capacity calculation, or allocation constraint representing the increase in the economic surplus if a constraint is increased by one (1) MW.