Merit-Order Dispatch: Ranking Plants and Finding the Clearing Price
This lesson is part of the course
In this lesson
You rank nine offers by marginal cost, sort them into a merit order with SMALL and INDEX/MATCH, add the cumulative capacity and find the clearing price for the evening demand.
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Lessons in this course
- Load Curves: Peak, Average, Load Factor & the Load-Duration Curve Locked
- The Generation Fleet: Capacity, Availability, Capacity Factor & Energy Mix Locked
- Marginal Cost: Fuel, Efficiency, Carbon Price & Variable O&M Locked
- Merit-Order Dispatch: Ranking Plants and Finding the Clearing Price Locked
- Wind & Solar Feed-In: Residual Load and the Clearing Price Hour by Hour Locked
- Resource Adequacy: Firm Capacity, Reserve Margin & Shortfall Hours Locked
- Generator Economics: Inframarginal Rent and the Capture Price of Solar Locked
- Market Dashboard: Price-Duration Curve, Energy Mix & Emissions Intensity Locked