Fix price set to VoLL when the most expensive dispatchable is used to meet flexible demand #1295
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Fixes that only unmet inflexible demand should cause the fallback price to be used when constructing the price curve.
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Very nice work! When I run the scenario locally I get don't get any blackout hours, nor any hours where the price is 3000 euros/MWh. |
mabijkerk
approved these changes
Nov 11, 2022
mabijkerk
deleted the
1286-electricity-price-is-set-at-voll-unexpectedly
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Merit has been adjusted so that the price is only set to €3000 when there is insufficient capacity to meet inflexible demand. Previously, if the most expensive dispatchable/flexible producer was fully-loaded, we'd treat that as a deficit. That's not correct as we now have flexible consumers; it's possible for the most expensive dispatchable to be fully loaded without this being a loss of load event.
These screenshots were taken from a local scenario, and may not exactly match the version on production. In my scenario, the number of hours at €3000 exactly matches the number of blackout hours (which is to be expected since a blackout is inflexible demand > production).
Closes #1286