Suppose all firms bid competitively into the spot market in an hour when demand is 18,200 MWh. What is the market clearing wholesale price?
To complete this assignment, you will need the excel file ESGPortfolios.xls which describes the variable operating costs, fuel efficiencies, and CO2 emissions rates of the set of power plants. The generation capacities of the portfolios ranges from around 2000 MW to almost 4000 MW. Each portfolio contains differing generation technologies with varying operating costs. In each hourly market, the supply […]
