📄️ Energy Market
An Energy Market allows a project to model energy bought from or sold to a wholesale merchant market, or sold if a restriction on buying from the grid is specified.
📄️ Capacity Market
Capacity Markets guarantee reliability by paying producers to pledge generation for future years. Compensation for a capacity market may come from participating in the market (see Capacity Price) and from the energy discharged during an event (Energy Price).
📄️ Regulation Market
Regulation markets are used to maintain grid frequency within strict tolerances, ensuring the grid operates reliably on a day-to-day basis without interruption.
📄️ Time of Delivery
A Time of Delivery Contract (TOD) is a form of a power purchase agreement. Energy may be sold at a specified, contracted price. Some contracts may have an obligation to serve electricity on a daily or annual basis.
📄️ Import Formats
You can import time series files using one of several formats that HOMER Front recognizes. You may import these files as a .csv, .txt, or .dmd. Excel files (.xls, .xlsx) are not accepted.
📄️ Multiple Price Strips
When building a model with late-stage analysis that participates in the Energy Market, there are three time steps available: day-ahead, fifteen-minute, and real-time. Within each of these time steps, HOMER features the capability to import energy prices, in $/MWh, in either a single price strip or multiple price strips.
📄️ Order of Commitment
The Order of Commitment appears on the right side of the Application tab when you choose to participate in more than one revenue stream. Capacity Market obligations are met before Time of Delivery Contracts obligations or contracted allocations, which are met before participation in Energy and Regulation Markets.