Description
settlementQuantity = capacity*hours, multiplying by availability only when applyAvailability is true.
Energy contracts and credit accounts distinguish quantities accrued, used, available, curtailed, expired or qualified. A numeric balance applies an explicit convention; it does not establish which contractual or market rules actually apply.
settlementQuantity = capacity*hours, multiplying by availability only when applyAvailability is true.
When to use this tool
Use Capacity Price Settlement Base Token when reconciling a specified energy credit, allocation or settlement term.
How to use the tool and how it works
- Enter capacity, price, availability, applyAvailability, hours. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read settlementQuantity, amount. Use the output convention below.
Require nonnegative capacity and hours and availability in [0,1]. settlementQuantity = capacity*hours, multiplying by availability only when applyAvailability is true. amount = settlementQuantity*price.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| capacity | Capacity | Required. Finite number; minimum 0. |
| price | Currency per capacity-hour under this formula, not a capacity-only quote. | Required. Finite number. |
| availability | Availability | Required. Finite number; minimum 0; maximum 1. |
| applyAvailability | Apply Availability | Required. Boolean. |
| hours | Hours | Required. Finite number; minimum 0. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| settlementQuantity | Settlement Quantity | Required. Finite number. |
| amount | Amount | Required. Finite number. |
{
"input": {
"capacity": 10,
"price": 2,
"availability": 0.8,
"applyAvailability": true,
"hours": 5
},
"output": {
"settlementQuantity": 40,
"amount": 80
}
}Limitations and assumptions
- price must be currency per capacity-hour for this formula, not automatically a capacity-only quote. Actual market settlement periods, penalties and qualifications are not determined.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Review actual program rules, contract terms and dated records before treating a calculated balance or payment as due.
References
Similar or alternative tools
- Capacity Payment Availability Adjustment Term
availability = availableHours/contractedHours; payment = capacityKw*paymentPerKw*availability.
- Capacity Market Derating Supplied Factor
qualifiedMw = nameplateMw*deratingFraction; payment = qualifiedMw*pricePerMw.