| Article ID: | iaor20042936 |
| Country: | Netherlands |
| Volume: | 32 |
| Issue: | 2 |
| Start Page Number: | 109 |
| End Page Number: | 113 |
| Publication Date: | Mar 2004 |
| Journal: | Operations Research Letters |
| Authors: | Pritchard Geoffrey, Philpott Andy |
| Keywords: | optimization |
This paper studies financial 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.