Cheapo Electrons is an electricity retailer. The table below shows the load that it forecast its...

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Cheapo Electrons is an electricity retailer. The table below shows the load that it forecast its consumers would use over a 6-h period. Cheapo Electrons purchased in the forward market and the power exchange exactly enough energy to cover this forecast. The table shows the average price that it paid for this energy for each hour. As one might expect, the actual consumption of its customers did not exactly match the load forecast and it had to purchase or sell the difference on the spot market at the prices indicated. Assuming that Cheapo Electrons sells energy to its customers at a flat rate of 24.00 S/MWh, calculate the profit or loss that it made during this 6-h period. What would be the rate that it should have charged its customers to break even? Period Load Forecast (MWh) Average cost ($/MWh) Actual load (MWh) Spot price (S/MWh) 1 120 22.5 110 21.6 2 230 24.5 225 25.1 3 310 29.3 330 32 4 240 25.2 250 25.9 5 135 23.1 125 22.5 6 110 21.9 105 21.5 Cheapo Electrons is an electricity retailer. The table below shows the load that it forecast its consumers would use over a 6-h period. Cheapo Electrons purchased in the forward market and the power exchange exactly enough energy to cover this forecast. The table shows the average price that it paid for this energy for each hour. As one might expect, the actual consumption of its customers did not exactly match the load forecast and it had to purchase or sell the difference on the spot market at the prices indicated. Assuming that Cheapo Electrons sells energy to its customers at a flat rate of 24.00 S/MWh, calculate the profit or loss that it made during this 6-h period. What would be the rate that it should have charged its customers to break even? Period Load Forecast (MWh) Average cost ($/MWh) Actual load (MWh) Spot price (S/MWh) 1 120 22.5 110 21.6 2 230 24.5 225 25.1 3 310 29.3 330 32 4 240 25.2 250 25.9 5 135 23.1 125 22.5 6 110 21.9 105 21.5