The incremental cost characteristics of two generators delivering a total load of 200 MW are as follows:
\[
C_1 = 4.01 + 0.1P_1 \, \text{Rs/MWh} \quad \text{and} \quad C_2 = 1.60 + 0.2P_2 \, \text{Rs/MWh}
\]
What should be the values of \(P_1\) and \(P_2\) for economic operation?
Show Hint
For economic operation, the incremental cost for both generators must be equal. This ensures that the total cost of power generation is minimized.
To operate economically, the incremental costs must be equal for both generators. Therefore, we equate the derivatives of the cost functions with respect to \(P_1\) and \(P_2\):
\[
\frac{dC_1}{dP_1} = \frac{dC_2}{dP_2}
\]
This gives:
\[
0.1 = 0.2
\]
Solving this equation gives:
\[
P_1 = P_2 = 100 \, \text{MW}
\]
Thus, the economic operation occurs when both generators are producing 100 MW, which corresponds to option (1).