Marginal Cost definition

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 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 of an item produced or service provided.
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Examples of Marginal Cost in a sentence

  • For the purposes of this Condition, the price component of any Commercial Offer Data shall be treated as cost-reflective only if, in relation to each relevant generation set, the Schedule Production Cost related to that generation set in respect of the Trading Day to which the Commercial Offer Data submitted by or on behalf of the Licensee apply is equal to the Short Run Marginal Cost related to that generation set in respect of that Trading Day.

  • In regards to the payments against the Monthly bill, if paid beyond the 30 (Thirty) days of its due date, a late Payment charge shall be payable by MSEDCL to the Solar Power Generator at the rate of 1.25% (percent) in excess of the SBI, 1 year Marginal Cost of Funds Based Lending Rate (MCLR) per annum / any replacement thereof by SBI.

  • Provided that the rate at which Late Payment Surcharge shall be payable shall not exceed the rate of seven (7) percent in excess of the SBI 1 year Marginal Cost of Funds Based Lending Rate (MCLR) per annum / any replacement thereof by SBI, on the amount of outstanding payment, calculated on a week or part thereof basis viz.

  • If advance payments are insisted by the bidders, interest at the rate of MCLR (Marginal Cost Linked Rate) as notified by State Bank of India from time to time shall be loaded on the prices for price comparison.

  • Total Day-Ahead system Marginal Losses in MWh and Marginal Cost of Losses for each Trading Hour of the next Trading Day.

  • Upon resolution of the dispute, in case the Power Producer is subsequently found to have overcharged, then it shall return the overcharged amount with an interest of SBI 1 year Marginal Cost of Funds Based Lending Rate (MCLR) per annum plus 7% for the period it retained the additional amount.

  • The CAISO shall base the Marginal Cost of Losses on LMP differentials at the Existing Contract source(s) and sink(s) identified in the valid ETC Self-Schedule.

  • At each PNode or Aggregated PNode, the Marginal Cost of Losses is the System Marginal Energy Cost multiplied by the Marginal Loss factor at that PNode or Aggregated PNode.

  • In case of advance payment/ Milestone Payment, for the purpose of evaluation, interest shall be loaded on the amount so paid as advance for the delivery period quoted, as per Marginal Cost of funds based Lending Rate [MCLR] or any other rate as notified by Reserve Bank of India from time to time, prevailing on the date of tender opening.

  • The Marginal Cost of Losses at a Location (PNode or APNode) may be positive or negative depending on whether an increase in Demand at that Location marginally increases or decreases the cost of Transmission Losses, using the distributed Reference Bus to balance it.


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 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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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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Related to Marginal Cost

  • 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.

  • 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.

  • 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 ST Valuation Date, the RI Value for the Reference Item(s) with the lowest or equal lowest RI Value for any Reference Item in the Basket in respect of such ST Valuation Date.

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