Answer:

Impact of Dispatched Technologies on Electricity System Costs

Electricity system cost is influenced by the impact of dispatched technologies on variable costs, capacity costs, balancing costs and carbon emission targets, as well as any other constraints applied on the dispatch scheduling. Variable costs are those that can change depending on the technologies used, such as fuel costs. Capacity costs are those related to the capacity of the electricity system to meet peak demand. Balancing costs are those associated with the balancing of supply and demand. Carbon emission targets are those related to the emissions of greenhouse gases.

Variable Costs

Variable costs are those that can change depending on the technologies used, such as fuel costs. These costs are affected by the technologies used to generate electricity, and the efficiency with which they are used. For example, if a technology is more efficient than another, it will require less fuel, resulting in lower variable costs.

Capacity Costs

Capacity costs are those related to the capacity of the electricity system to meet peak demand. The technologies used to generate electricity will affect the capacity of the system. For example, if a technology has a higher capacity than another, it will be able to generate more electricity, resulting in lower capacity costs.

Balancing Costs

Balancing costs are those associated with the balancing of supply and demand. This is affected by the technologies used, as some technologies may be more reliable than others. For example, a technology that is less reliable may require more frequent balancing, resulting in higher balancing costs.

Carbon Emission Targets

Carbon emission targets are those related to the emissions of greenhouse gases. The technologies used to generate electricity will affect the amount of emissions produced. For example, if a technology produces more emissions than another, it will result in higher carbon emission targets.

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