Suppose that there were five suppliers in the California Pow…

Suppose that there were five suppliers in the California Power Exchange market, with the following supply offers and generation capacities: Generator A: 20 MW at $50/MWh Generator B: 50 MW at $15/MWh Generator C: 10 MW at $100/MWh Generator D: 10 MW at $70/MWh Generator E: 30 MW at $30/MWh Suppose that demand in the California Power Exchange market was 90 MWh, and that demand was totally price inelastic. What would the clearing price be in the California Power Exchange market?

According to the material presented in the lesson, cheap nat…

According to the material presented in the lesson, cheap natural gas and increasing wind and solar power on the grid have caused day-ahead and real-time energy market prices to decline. For generators that require capacity payment to break even, what effect should this have on their capacity payment requirement, i.e., capacity prices (in those regions that have capacity markets)?

This question is based on a two node network. The generator…

This question is based on a two node network. The generator at Node 1 has a marginal cost of $10/MWh and submits a competitive offer to the electricity market. The generator at Node 2 has a marginal cost of $50/MWh. The demand curve is given by P = 200 – (G1+G2), and all demand is located at Node 2. The transmission line connecting Nodes 1 and 2 has a capacity of 50 MW. Both generators have a capacity of 200 MW. 1) Calculate the residual demand at Node 2 2) Calculate the LMP at Node 2. Note: Please write your answers in integers, for example, 2, -3, etc. Write only numbers, and do not write unit in your answer.