✦ LIBER ✦

Financial transmission rights in convex pool markets

✍ Scribed by Andy Philpott; Geoffrey Pritchard

Publisher: Elsevier Science
Year: 2004
Tongue: English
Weight: 180 KB
Volume: 32
Category: Article
ISSN: 0167-6377
DOI: 10.1016/j.orl.2003.06.002

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✦ Synopsis

This paper studies ÿnancial transmission rights in electricity pool markets with nodal pricing. We prove that simultaneous feasibility entails revenue adequacy in a general framework of convex optimization, and show by counterexample as to how this result might fail in the absence of convexity.

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