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Unformatted text preview: 24.3, q = 933 500 1500 With 400 MW capacity, and PTR, and compeTTve markets, bi lateral trade at one price, ..... Constraints πa=19, πb= 35, πl=16 500 1500 Two Problems with the Analysis • Electricity (Laws of Physics) – Kirchoﬀ’s Laws • Sum of currents entering node = sum coming out • Sum of voltage drops around a closed loop = 0. – Sum of V drop on parallel lines are equal. • Market Power (Laws of Economics) – A monopoly will restrict output to raise proﬁts. Power ﬂows and Kirchoﬀ’s Laws za P1 I1 P2 I2 zb • P = I V • (Current) sum of current into a node = sum of current out of a node. I1 = Ia + Ib • (Voltage) power drop in a loop = 0. (Voltage drops on parallel paths are equal.)...
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This document was uploaded on 12/08/2013.
 Fall '13

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