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.