Block Bidding of Generation in a Spot Price Auction You are to solve generation, load and pricing problems for a two bus power system. Each bus has a single generator and a single load as shown below: The generators are labeled G1 and G2 and the loads are labeled L1 and L2. The schedule of generation and load in this system is determined by an auction. The auction will consider the load to be variable in that the load shall submit a "willingness to pay price to purchase blocks of energy. If the price of energy is below the load's willingness to pay price it is satisfied (assuming that there is sufficient transmission and generation capacity). If the price of energy from the generators is above the load's willingness to pay price - then the load is not satisfied (that is, the load block is not supplied). Draw the Supply Demand curves for this auction and show the clearing price. What is the flow on the line from 1 to 2 for each block sold, where flow from 1 to 2 is positive, from 2 to 1 is negative. The Generation and Load Prices are: Generator Blocks for sale: G1 Block Block Price Number MW $/MWh Block Number Generator Blocks for sale: G2 Block MW Price $/MWh G1-1 G1-2 100 250 15 35 G2-1 G2-2 200 250 20 25 Load bids to purchase: L1 Block MW Load bids to purchase: L2 Block MW Block Number Price $/MWh Block Number Price $/MWh L1-1 L1-2 250 150 65 40 L2-1 L2-2 200 150 55 30 Block Bidding of Generation in a Spot Price Auction You are to solve generation, load and pricing problems for a two bus power system. Each bus has a single generator and a single load as shown below: The generators are labeled G1 and G2 and the loads are labeled L1 and L2. The schedule of generation and load in this system is determined by an auction. The auction will consider the load to be variable in that the load shall submit a "willingness to pay price to purchase blocks of energy. If the price of energy is below the load's willingness to pay price it is satisfied (assuming that there is sufficient transmission and generation capacity). If the price of energy from the generators is above the load's willingness to pay price - then the load is not satisfied (that is, the load block is not supplied). Draw the Supply Demand curves for this auction and show the clearing price. What is the flow on the line from 1 to 2 for each block sold, where flow from 1 to 2 is positive, from 2 to 1 is negative. The Generation and Load Prices are: Generator Blocks for sale: G1 Block Block Price Number MW $/MWh Block Number Generator Blocks for sale: G2 Block MW Price $/MWh G1-1 G1-2 100 250 15 35 G2-1 G2-2 200 250 20 25 Load bids to purchase: L1 Block MW Load bids to purchase: L2 Block MW Block Number Price $/MWh Block Number Price $/MWh L1-1 L1-2 250 150 65 40 L2-1 L2-2 200 150 55 30
