Can someone tell me what "Value" means in this formula please?

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SUMMARY

The term "Value" in the context of the solar farm paper refers specifically to the cost of electricity per kilowatt-hour (kWh). The discussion clarifies that 18.4 pence per kWh translates to approximately 18 cents per kWh in the open market. This cost is a standard metric used to evaluate electricity pricing and is crucial for understanding the financial aspects of solar energy production.

PREREQUISITES
  • Understanding of electricity pricing models
  • Familiarity with solar energy economics
  • Basic knowledge of currency conversion (pence to dollars)
  • Awareness of kilowatt-hour as a unit of energy measurement
NEXT STEPS
  • Research current electricity pricing trends in renewable energy markets
  • Explore the financial implications of solar energy production
  • Learn about currency conversion methods for energy pricing
  • Investigate the impact of kilowatt-hour pricing on solar farm profitability
USEFUL FOR

Energy economists, solar energy investors, and anyone involved in the financial analysis of renewable energy projects will benefit from this discussion.

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Hello.

I am reading through a solar farm paper and I am getting a bit confused at looking at this formula:
fgfnfgn.png

When it says "Value", I am guessing it refers to the cost of electricity per kWh? If that is the case, I wonder how many kWh are 18.4p/kWh?
 
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p=pence?
 
The value is the cost of one kilowatt-hour of electricity in dollars on the open market.

18 cents or pence or whatever seems like a plausible cost for 1 kilowatt-hour
 

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