Graph depicts hypothetical cost curve, with capacity in Megawatts on horizontal axis, Cost ($/MWh) on vertical axis. Cost runs from zero to $250. Dots on the graph represent units from Excelon, PSEG, and Third Parties. General shape is upward sloping, with lowest priced capacity (baseload) less than $20, Coal units around $40, Combined cycle units in the $50-$60 range, efficient peekers around $75, and Superpeekers ranging in price at various higher levels. The graph notes that the data is for illustrative purposes only, and is not an actual representation of market conditions. Return to document
Graph of output on horizontal axis and price on vertical axis depicts curved upward sloping marginal cost curve. A downward sloping, linear marginal cost curve denoted Q2 = 0 crosses the MC curve at Q*. A second marginal revenue curve, shifted out and away from the origin denotes Q2 > 0, with a correspondingly higher price and output Q**.
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