Section 20
p. p. 11
As shown in Figure 4 , the unit average marginal costs, aside from following a different annual trend pattern with a higher overall volatility, are also significantly lower than unit revenues in each calendar year. This is because the unit...
AI summary The text discusses the relationship between unit average marginal costs and unit revenues, noting that marginal costs are significantly lower than revenues due to the inclusion of total costs across four functional areas: generation, transmission, distribution, and retail.