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o The Ideal Power Market. Ideal power market is analogous to a lake. Generators supply energy to lakes and loads remove energy. Ideal power market
o The "Ideal" Power Market. Ideal power market is analogous to a lake. Generators supply energy to lakes and loads remove energy. Ideal power market has no transmission constraints. A single marginal cost associated with enforcing constraints that supply = demand. Marginal cost is the rate of increase for the next MWh generation. It is the Lagrange multiplier that is used to relax the equality constraint on power balance
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