- #1
Kolika28
- 146
- 28
- Homework Statement
- a) What will be the price for the following hour?
b) Draw a graph showing Merit order, electricity production as a function of installed power, and show how the market price is set.
- Relevant Equations
- Merit order
An isolated island has a specific electricity demand of 75 MW for a specific hour. The power producers have made the following offers during the hour:
To be honest, I don't understand both a and b. When it comes to a, should I just use several of the options in the table to get 75 MW? Or should I just choose ONE option that gives me 75MW, like coal power?
When it comes to b, I do understand what the Merit order shows us, but I don't understand how to make it.
To be honest, I don't understand both a and b. When it comes to a, should I just use several of the options in the table to get 75 MW? Or should I just choose ONE option that gives me 75MW, like coal power?
When it comes to b, I do understand what the Merit order shows us, but I don't understand how to make it.