Three GenCos and three LSES (load serving entities) participate in a centralized electricity market. The market operator has received the following bids (to buy energy) and offers (to sell energy). Determine the market clearing price. Also determine the cleared quantity and settlement/payment for each company. Offers (to sell energy) Company ID G1 G2 G3 (Quantity, Price) (200, $15); (100, $20) (80, $27) (400, $10) Bids (to buy energy) LSE ID (Quantity, Price) L1 L2 L3 Inelastic load, no bid (200, $22); (60, $14) (100, $25)

Three GenCos and three LSES (load serving entities) participate in a centralized electricity market. The market operator has received the following bids (to buy energy) and offers (to sell energy). Determine the market clearing price. Also determine the cleared quantity and settlement/payment for each company. Offers (to sell energy) Company ID G1 G2 G3 (Quantity, Price) (200, $15); (100, $20) (80, $27) (400, $10) Bids (to buy energy) LSE ID (Quantity, Price) L1 L2 L3 Inelastic load, no bid (200, $22); (60, $14) (100, $25)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

$1000) Average Incomes of Children with Low Income Parents (5) 9 50- 45- 40- 35- 30- 25- Upward Mobility versus Median Rent by Neighborhood Opportunity Bargains Normandy Parke 1,000 Central District 1,500 Median 2 Bedroom Rent 2,000 2,500 The image above displays the relationship between the cost of living as measured by the average rent of 2-bedroom housing, and income mobility as measured by the average income of children with low-income parents. Data for this image are from Seattle. Two neighborhoods are highlighted: Normandy Park and the Central District. Many people that receive housing vouchers would like to move to areas with high opportunities for their children, but assume those areas are too expensive. How do Normandy Park and the Central District illustrate the idea of *opportunity bargains"? there is a trade-off between the cost of living and higher income growth for the children. for families living in the Central District, Normand Park is more expensive to live in and has…
Name: Name: Name: $/unit 25 1 Fertilizing Fish When farmers fertilize their fields, the nitrogen from the fertilizer can get washed into streams which then feed into larger rivers. This "runoff" can cause damage to ecosystems and reduce the number of fish that can be caught by fishermen farther downstream. 20 Who are the producers of fertilizer? Who are the consumers of fertilizer? Who are the third parties affected by the externality? The graph below shows the market for fertilizer where P=2+0.5Q, and P = 20 - Qd. The marginal external cost of fertilizer = Q. This means, for example, if 3 units of fertilizer are used then the last unit of fertilizer causes fishermen to suffer a $3 loss...however, they are worse off by $1 from the first unit and $2 from the second unit as well for a total welfare loss of $6. What is the equation for your new curve? Label the curves on the graph, indicating if they're S or D, private or social. Draw & label a new curve demonstrating the externality. 15…
User passwords for the mainframe at a finance firm consists of five letters followed by two numbers. How many different passwords are possible? a. 33,153,120,000 Ob. None of these Oc. 1,188,137,600 Od 657,800 e. 7,893,690
21
I need help with HW.
At a price of $14, country 1 will (a) offer for export 9 units of this product. (b) seek to import 9 units of this product. (c) choose not to trade. (d) increase supply. (e) offer for export 18 units of this product
UNITS OF VARIABLE TOTAL MARGINAL AVERAGE PRICE OF INPUT PRODUCT PRODUCT PRODUCT INPUT TOTAL VARIABLE COST AVERAGE VARIABLE COST TOTAL FIXED TOTAL AVERAGE TOTAL MARGINAL COST COST COST COST 012345678 0 $1 $2 6 $1 2 15 $1 27 $1 37 $1 45 $1 50 $1 52 $1 50 $1 ଖ ଖ ଖ ଖ ଖ ଖ ଖ ଖ ଖ $2 $2 $2 $2 $2 $2 $2 $2
B. The late Anne Collins had 3 children, Mary, John and Hana who unfortunately all predeceased Anne leaving several Anne's grandchildren and great grandchildren. Unfortunately, Anne died intestate without a will or trust. She is survived by: Mary's daughters Emma and Joan John's son Patrick who has 2 children Joe and Frank; Frank has 1 child Eddy. Hana's daughter Elizabeth is also deceased leaving 2 children Jim and Eva. (i) Please fill in the table taking into consideration that Anne died without a will/trust and therefore the distribution shall be according to the CA intestacy laws (Modified Per Stirpes PC 240). Each Emma and Joan Mary's spouse Each of Patrick's 2 children Joe and Frank Each of Elizabeth's 2 children Jim and Eva Patrick's grandchild Eddy Patrick MPS Ø
Please no written by hand and no emage
Exercise: 01 Issue a promissory note: ⑴Amount ￡3,026.00 ⑵Date and place of issue 8/August/2009，Guangzhou, China ⑶Tenor At 90 days after date ⑷Maker Guangdong Imp. & Exp. Co., Guangzhou ⑸Payee Chemicals Import & Export Company London ⑴Drawer Thames Enterprises Ltd., London ⑵Drawee The National Westminster Bank Ltd., London ⑶Payee Philips Hong Kong ⑷Date and place of issue 07/01/2001，London ⑸Amount GBP79,014 Exercise: 02 Issue a check:
do it fast please
please fill out a-n