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Energy |
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This is the actual available power used to meet minimum expected customer requirements at a given time (baseload demand). Baseload supply is not the opposite of baseload demand. It's actually the opposite of peak supply. Price structures for baseload supply tend to run in the opposite direction of prices for peak supply. Baseload supply tend to be steady and relatively cheap, although the fixed costs are normally much higher than peak supply prices. Peak supplies tend to be costly, but fixed costs are relatively low since the facilities used to generate peak supplies don't have to be in steady operation.
See also:
load, baseload, peak supply, peaking capacity, fixed cost