Question: Question 4: Copy the raw data again to a new sheet and name it Summer. Assume that the demand now for the hour is 7000

Question 4: Copy the raw data again to a new sheet and name it "Summer".

Assume that the demand now for the hour is 7000 MW, the cost of Natural Gas increased by 20%, and there is no carbon tax. Furthermore, all Hydro, Wind, and Nuclear generators are offline.

a)What is the market clearing price?

b)Which generator is the marginal generator, and what resource does it use?

c)Draw a graph of the supply curve with a vertical line where the demand should be.

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