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5. There are three supply-side participants (A, B and C) in an electricity market, and their offers are given below. ri = 0.05P7 +25P, +30
5. There are three supply-side participants (A, B and C) in an electricity market, and their offers are given below. ri = 0.05P7 +25P, +30 ;rgl - 0-065%2 +45P, +75 (ma, 75 and m are the offer prices) T = 0.06F% +22.75P. + 48 The system demand (PD) is price elastic and given as a function of market price, as follows: T = = PD=90-p i In a Cournot competition where the generators maximize their profits, find the Nash equilibrium solution of the above auction
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