Energy · RATIOXA GLOSSARY
Degradation
Gradual decline in output or usable capacity over time.
Simple definition
Gradual decline in output or usable capacity over time.
Why it matters
This term changes how inputs, cash flows or results should be interpreted. RATIOXA keeps it explicit so two options are compared on the same basis.
Worked example
At 0.5% annual PV degradation, modelled production is slightly lower each year.