Economics of Power Generation
______ is the reserved generating capacity available for service under emergency conditions which is not kept in operation but but in working order.

Firm power
Spinning reserve
Hot reserve
Cold reserve

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Economics of Power Generation
Power generation cost reduces as

Both diversity favtor as well as load factor decrease
Diversity factor decreases and load factor increases
Both diversity factor as well as load factor increase
Diversity factor increases and load factor decreases

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