The following graph depicts the electricity supply curve in a given electricity dispatch interval. Electricity Demand is 500 MWh. Due to some economic events, the cost at which the gas generator can offer electricity doubles. $/MWH 800 550 350 200 -200 200 300 450 570 Coal Hydro Gas 850 MWh A. The price at the electricity market before the gas price increase is .... B. The price at the electricity market after the gas price increase is... C. The amount of electricity (MWh) that is required to be dispatched by the gas generator before the gas price increase is.... D. The amount of electricity (MWh) that is required to be dispatched by the gas generator after the gas price increase is...
The following graph depicts the electricity supply curve in a given electricity dispatch interval. Electricity Demand is 500 MWh. Due to some economic events, the cost at which the gas generator can offer electricity doubles. $/MWH 800 550 350 200 -200 200 300 450 570 Coal Hydro Gas 850 MWh A. The price at the electricity market before the gas price increase is .... B. The price at the electricity market after the gas price increase is... C. The amount of electricity (MWh) that is required to be dispatched by the gas generator before the gas price increase is.... D. The amount of electricity (MWh) that is required to be dispatched by the gas generator after the gas price increase is...
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![The following graph depicts the electricity supply curve in a given electricity dispatch
interval. Electricity Demand is 500 MWh. Due to some economic events, the cost at
which the gas generator can offer electricity doubles.
$/MWH
800
550
350
200
-200
200 300 450 570
A. The price at the electricity market before
the gas price increase is....
A. The price at the electricity market before the gas price increase is
B. The price at the electricity market after the gas price increase is...
C. The amount of electricity (MWh) that is required to be dispatched by the gas
generator before the gas price increase is....
B. The price at the electricity market after
the gas price increase is...
D. The amount of electricity (MWh) that is required to be dispatched by the gas
generator after the gas price increase is...
C. The amount of electricity (MWh) that is
required to be dispatched by the gas
generator before the gas price increase is...
D. The amount of electricity (MWh) that is
required to be dispatched by the gas
generator after the gas price increase is...
Coal
Hydro
Gas
850
✓ [Choose ]
700
50
550
800
70
250
350
60
150
80
160
200
MWh
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc08ea01f-2545-4c9f-ae0c-df1556ccafa9%2F5cce9df5-8f41-4891-8fbb-8681d7841976%2Fpspr5n_processed.png&w=3840&q=75)
Transcribed Image Text:The following graph depicts the electricity supply curve in a given electricity dispatch
interval. Electricity Demand is 500 MWh. Due to some economic events, the cost at
which the gas generator can offer electricity doubles.
$/MWH
800
550
350
200
-200
200 300 450 570
A. The price at the electricity market before
the gas price increase is....
A. The price at the electricity market before the gas price increase is
B. The price at the electricity market after the gas price increase is...
C. The amount of electricity (MWh) that is required to be dispatched by the gas
generator before the gas price increase is....
B. The price at the electricity market after
the gas price increase is...
D. The amount of electricity (MWh) that is required to be dispatched by the gas
generator after the gas price increase is...
C. The amount of electricity (MWh) that is
required to be dispatched by the gas
generator before the gas price increase is...
D. The amount of electricity (MWh) that is
required to be dispatched by the gas
generator after the gas price increase is...
Coal
Hydro
Gas
850
✓ [Choose ]
700
50
550
800
70
250
350
60
150
80
160
200
MWh
>
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