An old 100-MW power plant has a heat rate of 13 000 Btu/kWh and burns a fuel that costs 2.90 $/MBtu. The owner of the plant estimates the fixed cost of keeping the plant available at $360 000 per year. What is the minimum price that would justify keeping this plant available if it has a 1% utilization rate? Compare this price with the average production cost of the plant.

Plot the load-duration curves and the price-duration curve for the power system in the region where you live or another system for which you have access to the necessary data.

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Compare the peak demand to the installed generation capacity in the system.

Determine if there is a mechanism to encourage the provision of generation capacity in the region where you live (or in another region for which you have access to sufficient information).

Summarize the regulatory process used for transmission expansion in your region or country, or in another area for which you have access to sufficient information. Identify the method used to allocate the cost of transmission investments in your region or country, or in another area for which you have access to sufficient information.

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