Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An energy market receives bids from four different generators to supply power to the system load over the next hour. Assume the generators are selected

image text in transcribed

An energy market receives bids from four different generators to supply power to the system load over the next hour. Assume the generators are selected using the standard market design. The bids are as follows: Bid Price ($/MW-hr) 30 Gen A Gen B Gen C Gen D Bid Capacity (MW) 250 50 100 100 60 50 50 a. Draw the bid stack for this market, with bids arranged in the order they clear the market. Label each bid, and provide units for the x- and y-axes of the graph b. For a system load of PD = 325 MW, What is the clearing price of the market (in $/MW-hi? How much does Generator B receive in revenue (in $)? How much does Generator C receive in revenue (in $)? i. c. For a system load of P) = 440 MW, i. What is the clearing price of the market (in $/MW-hi)? . How much does Generator B receive in revenue (in $)? i. How much does Generator C receive in revenue (in $)?|| An energy market receives bids from four different generators to supply power to the system load over the next hour. Assume the generators are selected using the standard market design. The bids are as follows: Bid Price ($/MW-hr) 30 Gen A Gen B Gen C Gen D Bid Capacity (MW) 250 50 100 100 60 50 50 a. Draw the bid stack for this market, with bids arranged in the order they clear the market. Label each bid, and provide units for the x- and y-axes of the graph b. For a system load of PD = 325 MW, What is the clearing price of the market (in $/MW-hi? How much does Generator B receive in revenue (in $)? How much does Generator C receive in revenue (in $)? i. c. For a system load of P) = 440 MW, i. What is the clearing price of the market (in $/MW-hi)? . How much does Generator B receive in revenue (in $)? i. How much does Generator C receive in revenue (in $)?||

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Indebted To Intervene Critical Lessons In Debt Communication Art And Theoretical Practice

Authors: Oliver Vodeb , Nikola Janovic Kolenc

1st Edition

1922216267,1783206411

More Books

Students also viewed these Finance questions

Question

Why would Dell add an indirect marketing channel using Wal-Mart?

Answered: 1 week ago