Financial transmission rights in convex
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Andy Philpott; Geoffrey Pritchard
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Article
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2004
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Elsevier Science
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English
β 180 KB
This paper studies ΓΏnancial 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.