#2 – Nuclear Power & Short-Run Marginal Cost

NECG Commentary #2 - Electricity Market Clearing (SMP Chart)

Electricity Market Clearing Short-Run Marginal Cost (SRMC) is an important factor in electricity markets. Bids into these markets are based on the SRMC of generators participating in the market. Bids are accepted, starting with the lowest bids, until bids accepted equal demand. All bidders are paid the

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