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1. Consider a power system with the four generators listed in the table below. a. For each generator, calculate the marginal cost (fuel cost
1. Consider a power system with the four generators listed in the table below. a. For each generator, calculate the marginal cost (fuel cost plus variable O&M cost per MWh generated) of each generator in units of $/MWh, and fill in that column of the table. Remember to show your work in calculating the total marginal cost. b. Supposing that the demand for electricity during a specific hour was 3000 MWh, use economic dispatch to determine the resulting output of each of the four generators and give the resulting system lambda. Power plant ref Type Capacity (MW) Fuel price Variable ($/MMBTU) O&M Heat rate Marginal (mmBTU/MWh) Cost # ($/MWh) ($/MWh) A Nuclear 2000 3.31 N/A B Coal 450 1.85 5.02 8.64 C CCGT 500 4.2 2.56 6.43 D GT 300 4.2 4.52 9.90
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