Energy Market, Electricity, and Economics

Question Description

Homework assignments are due by 11:59 pm eastern US time on the date listed in the Canvas calendar. Assignments must be completely typed in 12 point font, and any accompanying graphics or tables must be computer-generated with appropriate axis/column labels and units. In questions where calculations are required, you must completely show your work to get credit.

No handwritten work of any kind is acceptable, including photographs of handwritten answers.

All submissions must be in PDF format. No other file type is acceptable. PDFs must be created from word processed documents. Do not submit a PDF of an Excel or other spreadsheet document.

Criteria

Ratings

Pts

This criterion is linked to a Learning OutcomeProblem 1

15.0 pts

15 Points

Acceptable answers are provided for all four parts of the question.

12.0 pts

12 Points

Answers are acceptable for three out of four parts of the question.

8.0 pts

8 points

Answers are acceptable for two out of four parts of the question.

4.0 pts

4 Points

Answers are acceptable for one out of four parts of the question.

0.0 pts

0 points

Questions not answered, or the response was not relevant to the question asked.

15.0 pts

This criterion is linked to a Learning OutcomeProblem 2

15.0 pts

15 Points

The capacity payment for the plant is calculated correctly with all work shown.

12.0 pts

12 Points

Method for determining the needed capacity payment is correct and all work is shown, but the response is incorrect because of minor calculation errors.

8.0 pts

8 points

The needed capacity payment is incorrect because of a methodological error in the calculation, but all work is shown.

4.0 pts

4 Points

Little or no work is shown, or explanation provided, in the determination of the needed capacity payment.

0.0 pts

0 points

Questions not answered, or the response was not relevant to the question asked.

15.0 pts

This criterion is linked to a Learning OutcomeProblem 3

15.0 pts

15 Points

The clearing price of capacity is calculated correctly, with the answer in correct units, with work shown and a detailed explanation. If a graph is submitted with the response, the graph has axes labeled.

12.0 pts

12 Points

The clearing price for capacity is incorrect because of a minor calculation error, but work is shown and an explanation of the clearing point is provided. If a graph is submitted with the response, the graph has axes labeled.

8.0 pts

8 points

The capacity clearing price is incorrect because of one or more methodological errors. If a graph is submitted with the response, the graph has axes labeled.

4.0 pts

4 Points

Dispatch and power flow responses are provided but no work is shown; OR The response is missing either the dispatch or power flow calculations and solution.

0.0 pts

0 points

Questions not answered, or the response was not relevant to the question asked.

15.0 pts

This criterion is linked to a Learning OutcomeProblem 4

15.0 pts

15 Points

The capacity payment needed for the plant is calculated correctly with all work shown. If no capacity payment is needed, then the response explains why with appropriate supporting calculations.

12.0 pts

12 Points

Method for determining the needed capacity payment (if one is needed) is correct and all work is shown, but the response is incorrect because of minor calculation errors.

8.0 pts

8 points

The needed capacity payment is incorrect because of a methodological error in the calculation, but all work is shown.

4.0 pts

4 Points

Little or no work is shown, or explanation provided, in the determination of whether the plant still needs the capacity payment.

0.0 pts

0 points

Questions not answered, or the response was not relevant to the question asked.

15.0 pts

Total Points: 60.0

The graph below is for question 3

Enter image and alt text here. No sizes!

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