Cost curves for energy: Difference between revisions
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== Rationale == | == Rationale == | ||
{{comment|# |There are two possible ways to describe the functions: | |||
* Zero price is considered the current price. Then, P0 can be obtained from statistics, because the current supply and demand is P0. Only changes of price are of interest in the function. The actual market price is not needed for small changes of price. | |||
* Zero price is considered as 0 €/product unit. The true market price must be known. This function's parameters are more difficult to estimate.|--[[User:Jouni|Jouni]] 06:16, 28 January 2012 (EET)}} | |||
:{{defend|# |I recommend the first approach in the beginning.|--[[User:Jouni|Jouni]] 06:16, 28 January 2012 (EET)}} | |||
=== Dependencies === | === Dependencies === |
Revision as of 04:16, 28 January 2012
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Question
What costs curves should be used for different energy products?
Answer
Obs | Actor | Activity | Fuel | Use | Units | Function | P0 | P1 | P2 | P3 | P4 | Description |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | Kuopio market | Energy conversion | Coal and peat | Demand | €,ton | Polynomial | 1000 | -0.5 | 0 | 0 | 0 |
Functions (x is the price of the product):
- Polynomial: P3*x^3 + P2*x^2 + P1*x + P0 + P4/x
- Exponential: P0 + P1 * exp(P2*x - P3)
Rationale
----#: . There are two possible ways to describe the functions:
- Zero price is considered the current price. Then, P0 can be obtained from statistics, because the current supply and demand is P0. Only changes of price are of interest in the function. The actual market price is not needed for small changes of price.
- Zero price is considered as 0 €/product unit. The true market price must be known. This function's parameters are more difficult to estimate. --Jouni 06:16, 28 January 2012 (EET) (type: truth; paradigms: science: comment)
- ←--#: . I recommend the first approach in the beginning. --Jouni 06:16, 28 January 2012 (EET) (type: truth; paradigms: science: defence)
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