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Energy market contains three generation companies and three consumers. The energy bids and offers submitted are presented in the following tables. Plot the supplies
Energy market contains three generation companies and three consumers. The energy bids and offers submitted are presented in the following tables. Plot the supplies and consumer curves. Determine the spot market price and the quantity of traded power. Determine the differences in revenues and expenses for participants for changing market clearing strategy from uniform price to pay-as- energy market clearance. bid Suppliers Consumers G1 G2 G3 D1 D2 D3 S/MW S/MW S/MW $/MW S/MW S/MW MWh MWh MWh MWh MWh MWh h h h h h h 150 8 200 12 300 22 100 30 100 14 100 20 100 13 50 15 100 18 100 15 150 10 50 16 300 30 150 25 150 10 50 17 100 16 50 19
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Answer To plot the supply and demand curves we need to organize the data provided in the table Lets create separate tables for suppliers and consumers ...Get Instant Access to Expert-Tailored Solutions
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