The fuel-cost function in $/h for two power plants are given by: C1 = 400 + 6*P1 +0.004*P1^2 C2 = 500+B*P2 + y^P2^2 Where P1 and P2 are in MW. When the total power demand is 600 MW, the incremental cost of power λ is $8/MWh. When the total power demand is 1400 MW, the incremental cost of power is $10/MWh. Neglecting losses and generator limits, find ß and y. Select one: a. ß= 6.7273, y = 0.0018 b. ß= 6.2000, y = 0.0018 c. ß= 5.8954, y = 0.0028 d. B=6.1254, y = 0.0008

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The
fuel-cost function in $/h for two power plants are given by:
C1 = 400 + 6*P1 +0.004*P1^2
C2 = 500+ 3*P2 + y*P2^2
Where P1 and P2 are in MW.
When the total power demand is 600 MW, the incremental cost of power λ is $8/MWh.
When the total power demand is 1400 MW, the incremental cost of power is $10/MWh.
Neglecting losses and generator limits, find ß and y.
Select one:
O
O
O
O
a. ß = 6.7273, y = 0.0018
b. ß = 6.2000, y = 0.0018
c. ß = 5.8954, y = 0.0028
d. ß= 6.1254, y = 0.0008
Transcribed Image Text:The fuel-cost function in $/h for two power plants are given by: C1 = 400 + 6*P1 +0.004*P1^2 C2 = 500+ 3*P2 + y*P2^2 Where P1 and P2 are in MW. When the total power demand is 600 MW, the incremental cost of power λ is $8/MWh. When the total power demand is 1400 MW, the incremental cost of power is $10/MWh. Neglecting losses and generator limits, find ß and y. Select one: O O O O a. ß = 6.7273, y = 0.0018 b. ß = 6.2000, y = 0.0018 c. ß = 5.8954, y = 0.0028 d. ß= 6.1254, y = 0.0008
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