The demand for electric power is usually much higher during the day than it is at night, and utility companies often sell power at night at much lower prices to encourage consumers to use the available power generation capacity and to avoid building new expensive power plants that will be used only a short time during peak periods. Utilities are also willing to purchase power produced during the day from private parties at a high price. Reservoir 50 m Pump- turbine Lake 7- Suppose a utility company is selling electric power for $0.06/kWh at night and is willing to pay $0.13/kWh for power produced during the day. To take advantage of this opportunity, an entrepreneur is considering building a large reservoir 50 m above the lake level, pumping water
The demand for electric power is usually much higher during the day than it is at night, and utility companies often sell power at night at much lower prices to encourage consumers to use the available power generation capacity and to avoid building new expensive power plants that will be used only a short time during peak periods. Utilities are also willing to purchase power produced during the day from private parties at a high price. Reservoir 50 m Pump- turbine Lake 7- Suppose a utility company is selling electric power for $0.06/kWh at night and is willing to pay $0.13/kWh for power produced during the day. To take advantage of this opportunity, an entrepreneur is considering building a large reservoir 50 m above the lake level, pumping water
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
Problem 1.1MA
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