OEO Ontology

Overview / Open Energy Ontology / Class - market premium
Label: market premium

Definition:
A market premium is an economic instrument that ensures a guaranteed remuneration, e.g. a fixed feed-in tariff, by paying to the producing agent the difference between a guaranteed return on a good/product and the monetary price for which the good/product is traded on the market.

Sub classes:
Definition:
A capacity premium is a market premium that guarantees remuneration for reserving capacity of energy transformation units to be available for unexpected events.

Back to the super classes:
Definition:
An economic instrument is a policy instrument that creates monetary (price) incentives to stimulate transformative measures.