Financial transmission rights in convex pool markets

Financial transmission rights in convex pool markets

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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: ,
Keywords: optimization
Abstract:

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.

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