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.

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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

• For the NY-NJ PARs coordination component, Market settlements under this M2M Schedule will be calculated based on the following: actual real-time flow on each of the NY-NJ PARs compared to its target flow (TargetPARx); PSF for each NY-NJ PAR onto each M2M Flowgate; and the ex-ante Shadow Price at each M2M Flowgate.

• For the redispatch component, market settlements under this M2M Schedule will be calculated based on the following: the Non-Monitoring RTO’s real-time Market Flow, determined in accordance with Section 7.1 above, on each M2M Flowgate compared to its M2M Entitlement for M2M Flowgates eligible for redispatch on each M2M Flowgate; and the ex-ante Shadow Price at each M2M Flowgate.

• When this condition occurs, in order to ensure an operationally efficient dispatch solution is achieved, the RTO without sufficient redispatch will redispatch all effective generation to control the M2M Flowgate to a “relaxed” Shadow Price limit.

• Because the magnitude of the Shadow Price in this RTO cannot reach that of the other RTO with sufficient redispatch, unless further action is taken, there will be a divergence in Shadow Prices and the LMPs at the RTO border.

• Then this RTO calculates the Shadow Price for the M2M Flowgate using the available redispatch which is limited by the maximum physical control action inside the RTO.

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 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 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 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 CNEC or allocation constraint representing the

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.

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.