Power Market Economics and Security

Problem 1: The generator data are given in Table 1 and the load and reserve data are given inTable 2. The fuel consumption functions of the generating units are quadratic H(P) = af + bf * P cf * P2(MBtu). The fuel prices are all 1 $/MBtu. The unit shutdown costs and...

Power Market Economics and Security

Problem 1: The generator data are given in Table 1 and the load and reserve data are given inTable 2. The fuel consumption functions of the generating units are quadratic H(P) = af + bf * P cf * P2(MBtu). The fuel prices are all 1 $/MBtu. The unit shutdown costs and...