September 2014
Intermediate to advanced
432 pages
14h 16m
English
Content preview from The Economics of Electricity Markets
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Nomenclature
The following terminology is used in this book:
| Symbol | Name | Units | Meaning |
 |
Rate of production or consumption | units/time interval, kW, or MW | Rate of production of output by producer i or rate of consumption by consumer i |
 |
Cost function | $/time interval | Rate at which costs are incurred by producer i when producing at the rate  (units/time interval) |
 |
Marginal cost function | $/unit, $/kWh or $/MWh | Rate at which costs increase with an increase in the rate of production |
 |
Profit function | $/time interval | Rate at which profits are received by producer i when producing at the rate  (units/time interval) |
 |
Utility function | $/time interval | Rate at which utility is received when consuming at rate (units/time interval) |
| Net utility function | $/time interval | Rate at which net ... |
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.