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tax rate alignment #407

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May 28, 2024
Merged

tax rate alignment #407

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4 changes: 4 additions & 0 deletions CHANGELOG.md
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Expand Up @@ -23,6 +23,10 @@ Classify the change according to the following categories:
### Deprecated
### Removed

## Develop
### Changed
- Changed default Financial **owner_tax_rate_fraction** and **oftaker_tax_rate_fraction** from 0.257 to 0.26 to align with API and user manual defaults.

## v0.46.2
### Changed
- When the URDB response `energyratestructure` has a "unit" value that is not "kWh", throw an error instead of averaging rates in each energy tier.
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4 changes: 2 additions & 2 deletions src/core/financial.jl
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Expand Up @@ -82,10 +82,10 @@ struct Financial
boiler_fuel_cost_escalation_rate_fraction::Real = 0.015,
chp_fuel_cost_escalation_rate_fraction::Real = 0.015,
generator_fuel_cost_escalation_rate_fraction::Real = 0.012,
offtaker_tax_rate_fraction::Real = 0.257,
offtaker_tax_rate_fraction::Real = 0.26,
offtaker_discount_rate_fraction::Real = 0.0638,
third_party_ownership::Bool = false,
owner_tax_rate_fraction::Real = 0.257,
owner_tax_rate_fraction::Real = 0.26,
owner_discount_rate_fraction::Real = 0.0638,
analysis_years::Int = 25,
value_of_lost_load_per_kwh::Union{Array{<:Real,1}, Real} = 1.00, #only applies to multiple outage modeling
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