@@ -170,8 +170,8 @@ Consider an electricity market with two generator types, one with the cost funct
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@@ -170,8 +170,8 @@ Consider an electricity market with two generator types, one with the cost funct
Consider the two-bus power system shown in Figure \ref{twobus}, where the two nodes represent two markets, each with different total demand $D_i$, and one generator at each node producing $P_i$. At node A the demand is $D_A =2000\si{\mega\watt}$, whereas at node B the demand is $D_B =1000\si{\mega\watt}$. Furthermore, there is a transmission line with a capacity denoted by $F_{AB}$. The marginal cost of production of the generators connected to buses A and B are given respectively by the following expressions:
Consider the two-bus power system shown in Figure \ref{twobus}, where the two nodes represent two markets, each with different total demand $D_i$, and one generator at each node producing $P_i$. At node A the demand is $D_A =2000\si{\mega\watt}$, whereas at node B the demand is $D_B =1000\si{\mega\watt}$. Furthermore, there is a transmission line with a capacity denoted by $F_{AB}$. The marginal cost of production of the generators connected to buses A and B are given respectively by the following expressions:
Assume that the demands $D_A$ and $D_B$ are constant and insensitive to price, that energy is sold at its marginal cost of production and that there are no limits on the output of the generators.
Assume that the demands $D_A$ and $D_B$ are constant and insensitive to price, that energy is sold at its marginal cost of production and that there are no limits on the output of the generators.
@@ -249,8 +249,8 @@ Consider an electricity market with two generator types, one with the cost funct
...
@@ -249,8 +249,8 @@ Consider an electricity market with two generator types, one with the cost funct
Consider the two-bus power system shown in Figure \ref{twobus}, where the two nodes represent two markets, each with different total demand $D_i$, and one generator at each node producing $G_i$. At node A the demand is $D_A =2000\si{\mega\watt}$, whereas at node B the demand is $D_B =1000\si{\mega\watt}$. Furthermore, there is a transmission line with a capacity denoted by $F_{AB}$. The marginal cost of production of the generators connected to buses A and B are given respectively by the following expressions:
Consider the two-bus power system shown in Figure \ref{twobus}, where the two nodes represent two markets, each with different total demand $D_i$, and one generator at each node producing $G_i$. At node A the demand is $D_A =2000\si{\mega\watt}$, whereas at node B the demand is $D_B =1000\si{\mega\watt}$. Furthermore, there is a transmission line with a capacity denoted by $F_{AB}$. The marginal cost of production of the generators connected to buses A and B are given respectively by the following expressions:
Assume that the demands $D_A$ and $D_B$ are constant and insensitive to price, that energy is sold at its marginal cost of production and that there are no limits on the output of the generators.
Assume that the demands $D_A$ and $D_B$ are constant and insensitive to price, that energy is sold at its marginal cost of production and that there are no limits on the output of the generators.
