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Problem 2: A centralized electricity market received the following bids (to buy energy) and offers (to sell energy). Determine the market clearing price. Also determine

Problem 2: A centralized electricity market received the following bids (to buy energy) and offers (to sell energy). Determine the market clearing price. Also determine the cleared quantity and settlement for each company. Bids Bid ID Quantity Price B1 100 $16 B2 200 $14 B3 200 $9 B4 100 $11.5 B5 50 $10 Offers Offer ID Quantity Price 01 300 $11 02 100 $13.5 03 50 $14 04 100 $10 05 100 $12

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