Shadow price cap for non competitive constraints
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Shadow Price Cap for Non-Competitive Constraints PowerPoint PPT Presentation


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Shadow Price Cap for Non-Competitive Constraints. If a Non-Competitive Constraint is at the Shadow Price Caps for more than x (say 5) hours over a rolling 12-month period, then s et the Shadow Price Cap at y% (say 30-40%) of its previous value.

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Shadow Price Cap for Non-Competitive Constraints

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Shadow price cap for non competitive constraints

Shadow Price Cap for Non-Competitive Constraints

  • If a Non-Competitive Constraint is at the Shadow Price Caps for more than x (say 5) hours over a rolling 12-month period, then set the Shadow Price Cap at y% (say 30-40%) of its previous value.

  • If the sum of Shadow Prices for the Non-Competitive Constraint exceeds $z (say …….) over a rolling 12-month period, then set Shadow Price Cap for that constraint at $L/MW/hr (say $500/MW/hr).

  • At the earlier of the constraint becoming competitive or 12 months after setting the Shadow Price Cap at $500/Mw/hr, reset the Shadow Price Cap at its original value if the constraints becomes competitive or at y% of its original value and repeat 2 and 3.


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