! 4.2 The input-output curve of a gas-fired generating unit is approximated by thefollowing function:H(P) = 120 + 9.3 P + 0.0025 P² MJ/hThis unit has a minimum stable generation of 200 MW and a maximum outputof 500 MW. The cost of gas is 1.20 $/MJ. Over a 6-h period, the output ofthis unit is sold in a market for electrical energy at the prices shown in thetable below.Period1346Price ($/MWh)12.5101313.51511Assuming that this unit is optimally dispatched, is initially on-line and cannotbe shut down, calculate its operational profit or loss for this period.

Given associate input output curve of gas dismissed perform. The higher than perform is maximized…

Answered: The input-output curve of a gas-fired…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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