Question: 2 . The table below shows the bids from three buyers and the offers from three sellers in a centralized electricity market. Apply the High
The table below shows the bids from three buyers and the offers from three sellers in a centralized electricity market. Apply the HighLow Matching mechanism as described in the lecture to determine which transactions will be executed. Then, calculate the execution price for each matched pair as the average of the buyer's bid and the seller's offer and finally compute the overall weighted average execution price for all successful trades.
begintabularllllll
hline Buyer ID & Bid Price $MWh & Bid Quantity MWh & Seller ID & Offer price $MWh & Bid Quantity MWh
hline & & & & &
hline & & & & &
hline & & & & &
hline
endtabular
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