I'm trying to understand what node pricing is. I've heard the term before, but I'm not entirely sure how it works or what it entails. Can someone explain node pricing to me in simple terms?
5 answers
Eleonora
Sat Dec 28 2024
Nodal pricing, also referred to as locational marginal pricing, operates on a unique principle.
CryptoGladiatorGuard
Sat Dec 28 2024
This pricing mechanism calculates the marginal cost for consuming an additional unit of electricity in various geographical locations.
Andrea
Fri Dec 27 2024
Each location, such as Oxford, serves as a node where the price is determined.
InfinityRider
Fri Dec 27 2024
The local price calculated for each node reflects the specific conditions and demands of that area.
SamuraiWarriorSoulful
Fri Dec 27 2024
Customers within a particular node are charged based on the marginal price calculated for their location.