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Represent the system marginal price of electricity

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Reference no: EM132455030

Discussion 1: Generator production (q1,q2,q3): Represent the power in MWh produced by each generator. Generator 2 (q2) is green and does not generate carbon emissions.

Discussion 2: Electricity price (u1.l): Represent the system marginal price of electricity in $/MWh (dual variable). This is the price that consumers pay for electricity as a result of the minimization of the social cost by choosing the electricity dispatch.

Discussion 3: Carbon price (l20.l): Represent the price associated to the carbon emissions once the problem has been solved ($/tCO2). This is also a dual variable of the optimization model

Attachment:- POWER MWH.rar

Reference no: EM132455030

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