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Definition of "Avoided Cost" |
Cost that a utility avoids by purchasing power from an independent power producer(IPP), rather than generating power themselves, or constructing new power plants. A Public Utility calculates avoided costs for each utility, which are the basis upon which IPPs are paid for the electricity they produce. There are two parts to an avoided cost calculation: the avoided capacity cost and the avoided energy cost. / Cost that a utility avoids by purchasing power from an independent power producer, rather than generating power themselves, or constructing new power plants. |
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