What is an energy offer curve?
An energy offer curve conveys a generator’s willingness to sell electric energy (in dollars per megawatt-hour) as a function of their level of electric generation (in megawatts).
What is the dispatch curve?
This sequence can be seen in an electricity supply curve—also referred to as a dispatch curve—that represents the order in which units are dispatched to meet the demand.
What is heat rate curve?
Heat Rate Curve means a curve that depicts actual generator input/output characteristics. The Heat Rate Curve is a plot of fuel energy input (Btu) versus net electrical power output (kW) at various operating points of the generating resource.
What is electricity dispatch?
The term ‘dispatch’ refers to resource planning at a power plant by the plant’s operator. ‘Redispatch’ refers to a short-term change in how a power plant is utilized. This request comes at the behest of a transmission system operator to prevent bottlenecks in the grid.
What is merit order curve in power market?
Merit order curve. As discussed in the section on energy markets, the day ahead market is a power exchange market, while the intraday market is an organized over the counter market. The mechanism to determine the clearing price and volumes in a power exchange market is based on the merit order curve.
What is the merit order in electricity?
In other words, the merit order calculates the full load hours of each participant. The term ‘merit order’ refers to the order in which dispatchable plants are used to fill up the demand for electricity.
What is the output of the merit order module?
There are two main areas of output for the Merit Order module: full load hours (how much does a plant run?) and profitability (is it profitable?).
What is the merit order effect of wind and photovoltaics?
The total merit order effect of wind and photovoltaics ranges from 0.5 ¢/kWh in 2010 to more than 1.1 ¢/kWh in 2012.