The supplier is paid the market price irrespective of his bidding price if his bidding price is above the market clearing price.
So if I were the supplier, I would set a bid at 45$/MWh as thats my cost of operating the plant (5/10^6)*900
1. Modeling-based analysis for a policy if performed appropriately can assist to form
robust policies. However such analysis is not possible under all circumstances.
Deciding whether to use a modeling based analysis is in itself a
CO2 Emissions Tax in the
Global Electricity Sector
Title: On the CO2 emissions of the global electricity supply sector
and the influence of renewable power-modeling and optimization
Authors: Aboumahboub, T., Schaber, K., Wagner U., Hamacher, T.
Death Star strategy:
This was the name used by the Enron traders while manipulating the Californian
market during 2000-2001. In this strategy, the company would schedule energy
distribution to a congestion free route so as to relieve congestion and get pa
570.607 2012 Homework 2. (hand in at start of class on Feb. 21).
Homework policy (additional note):
Late homeworks have 25% of the points taken off.
There are two questions (see other side of sheet)
1. OPTIMAL BIDDING PROBLEM STATEMENT. You own a power pl
570.607 2011 Homework 1. Make your way through the readings over the first 2 weeks of class.
Answer questions 1-4 (hand in at start of class on Feb. 7).
Homework policy: Unless I say otherwise, you may cooperate on homeworks only by checking each others
Electric Power Markets:
Process and Strategic Modeling
and Strategic Modeling
to Understand Policy &
570.607 Energy Planning & Policy Modeling
Dept. of Geography & Environmental Engineering
The Johns Hopkins University
This handout shows:
(1) The model formulation
(2) A graphical intuitive solution to the problem
(3) A spreadsheet
Operations LP Answer:
MIN 760(70 yA,Pk + 25 yB,Pk)
+ 8000(70 yA,OP + 25 yB,OP)
Environmental and Economic Analysis of Regional Greenhouse Gas Initiative
With growing concerns for climate change, there is a need for policies to abate
Greenhouse gas emissions like Carbon Dioxide. Many initiatives are being taken all
over the world. Or