Model Electricity Generation Cost
Автор: Optatube
Загружено: 2026-02-02
Просмотров: 3
Описание:
Decoding Electricity Costs
The Price of Power
Deep Dive into the Analysis of the Generation Cost Curve In this video, we explore the fundamental mathematical models used to determine the cost of electricity generation in power systems. Understanding these curves is essential for economic dispatch and market optimization.
Key Topics Covered:
↗️ Linear Cost Function: Simple models for small backup generators where costs increase proportionally with output.
📈 Quadratic Cost Function: The industry standard for thermal units (coal, gas, nuclear), offering a realistic and convex solution for optimization.
📉📈 Cubic Cost Function: Advanced modeling for aging generators to capture rapid cost escalation and ramping inefficiencies.
📶 Step-wise Cost Function: How generators actually bid in electricity markets using discrete price blocks.
What You Will Learn:
• How to compare custom cost data using RMSE (Root Mean Square Error).
• Calculating the Area Under the Curve (AUC) to understand total cost trends.
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Created by NotebookLM
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