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Please show step by step how you got both answers. Explain each step of the math. Please type answers neatly. Cheapo Electrons is an electricity
Please show step by step how you got both answers. Explain each step of the math. Please type answers neatly.
Cheapo Electrons is an electricity retailer. The table below shows the load that it forecast its consumers would use over a 6-h period. Cheapo Electrons purchased in the forward market and the power exchange exactly enough energy to cover this forecast. The table shows the average price that it paid for this energy for each hour. As one might expect, the actual consumption of its customers did not exactly match the load forecast and it had to purchase or sell the difference on the spot market at the prices indicated. Assuming that Cheapo Electrons sells energy to its customers at a flat rate of 24.00$/MWh, calculate the profit or loss that it made during this 6-h period. What would be the rate that it should have charged its customers to break evenStep by Step Solution
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