QUIZ 10 ANSWER KEY
Regulation of Electric Power
Version A
I. Multiple choice [2 pt each: 32 pts total]
(1)c. (2)c. (3)c. (4)d. (5)b. (6)d. (7)e. (8)b. (9)a. (10)d.
(11)c. (12)d. (13)a. (14)a. (15)b. (16)c.
II. Problems
(1) [Peak-load pricing: 45 pts]
- $0.12 per kWh;
- 70 thousand kWh;
- $0.02 per kWh;
- 60 thousand kWh;
- 80 thousand kWh;
- 20 thousand kWh;
- increase;
- 10 thousand kWh;
- $1.7 thousand.
(2) [Wholesale power markets, economic dispatch: 23 pts]
- Both curves are stairsteps, intersecting at price=$50
and quantity=100 megawatt-hours;
- Generator A at 50 megawatt-hours, generator B at 40 megawatt-hours,
generator C at 10 megawatt-hours, generator D at zero megawatt-hours;
- $50 per mWh;
- Generator C.
Version B
I. Multiple choice [2 pt each: 32 pts total]
(1)a. (2)c. (3)d. (4)a. (5)d. (6)b. (7)e. (8)a. (9)d. (10)c.
(11)c. (12)a. (13)c. (14)c. (15)d. (16)a.
II. Problems
(1) [Peak-load pricing: 45 pts]
- $0.10 per kWh;
- 80 thousand kWh;
- $0.02 per kWh;
- 60 thousand kWh;
- 90 thousand kWh;
- 30 thousand kWh;
- increase;
- 10 thousand kWh;
- $1 thousand.
(2) [Wholesale power markets, economic dispatch: 23 pts]
- Both curves are stairsteps, intersecting at price=$20
and quantity=70 megawatt-hours;
- Generator A at 50 megawatt-hours, generator B at 20 megawatt-hours,
generator C at zero megawatt-hours, generator D at zero megawatt-hours;
- $20 per mWh;
- Generator B.
[end of answer key]