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?