From 2f2c935bd17999e6feb3439fcec3de1c05953e08 Mon Sep 17 00:00:00 2001 From: adfarth Date: Fri, 24 May 2024 08:09:17 -0600 Subject: [PATCH] tax rate update --- CHANGELOG.md | 4 ++++ src/core/financial.jl | 4 ++-- 2 files changed, 6 insertions(+), 2 deletions(-) diff --git a/CHANGELOG.md b/CHANGELOG.md index 9c24d2d6f..90a4b6e11 100644 --- a/CHANGELOG.md +++ b/CHANGELOG.md @@ -23,6 +23,10 @@ Classify the change according to the following categories: ### Deprecated ### Removed +## Develop +### Changed +- Changed default Financial **owner_tax_rate_fraction** and **oftaker_tax_rate_fraction** from 0.257 to 0.26 to align with API and user manual defaults. + ## v0.46.2 ### Changed - When the URDB response `energyratestructure` has a "unit" value that is not "kWh", throw an error instead of averaging rates in each energy tier. diff --git a/src/core/financial.jl b/src/core/financial.jl index 59a1aaef3..234fdc662 100644 --- a/src/core/financial.jl +++ b/src/core/financial.jl @@ -82,10 +82,10 @@ struct Financial boiler_fuel_cost_escalation_rate_fraction::Real = 0.015, chp_fuel_cost_escalation_rate_fraction::Real = 0.015, generator_fuel_cost_escalation_rate_fraction::Real = 0.012, - offtaker_tax_rate_fraction::Real = 0.257, + offtaker_tax_rate_fraction::Real = 0.26, offtaker_discount_rate_fraction::Real = 0.0638, third_party_ownership::Bool = false, - owner_tax_rate_fraction::Real = 0.257, + owner_tax_rate_fraction::Real = 0.26, owner_discount_rate_fraction::Real = 0.0638, analysis_years::Int = 25, value_of_lost_load_per_kwh::Union{Array{<:Real,1}, Real} = 1.00, #only applies to multiple outage modeling