Zero shadow price for over-supplied commodities
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Assessment
- Difficulty
- 4/5
- Estimated time
- 3-5 days
- Newbie friendliness
- 35/100
Research direction
Start by reproducing the zero shadow prices in the two_outputs model for DIESEL in winter 2020 and GASPRD in summer 2020, then review the related discussion in PR #806 and issue #986. Trace how over-supplied outputs and multi-output assets produce prices, and define done as preventing incorrect zero prices or infinite-loop behavior with regression coverage for the reported cases.
Written by the indexing model from the issue text.
Description
I've noticed in the two_outputs model that a couple of commodities have a price of zero for some timeslices (actually -0.0, to be precise):
DIESELhas a price of zero in winter 2020GASPRDhas a price of zero in summer 2020
Both of these are produced by assets with more than one output commodity, and in both cases the price of zero coincides with the commodity being over-supplied across these seasons, which is necessary for the asset to meet demand of the other commodity it outputs.
In this model it seems to only happen in the base year (perhaps a sign of poor calibration), but I see no reason why it couldn't happen in later years where MUSE is choosing the investment decisions.
I see this was predicted as a potential issue here, but don't think this has been followed up on.
@ahawkes Do you have any ideas how we might address this?
I've also come across zero prices while working on #986, where hydrogen appears free, which is at least one reason you can end up in an infinite loop. That might be unrelated though
- Dominant language
- Rust
- Stars
- 8
- Forks
- 5
- Avg merge
- 11h 31m
- Merged PRs (30d)
- 33
Contributor guide
First steps
- Read the whole issue, then the project's contributing guide.
- Comment on the issue to say you are picking it up — it saves two people doing the same work.
- Fork the repository and make your change on a branch.
- Open a pull request that references the issue number.
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