Title :
Convexity of the set of feasible injections and revenue adequacy in FTR markets
Author :
Lesieutre, Bernard C. ; Hiskens, Ian A.
Author_Institution :
Lawrence Berkeley Nat. Lab., CA, USA
Abstract :
The feasible set of power injections for the constrained power flow equations is nonconvex when practical transmission capacity and bus voltage limits are imposed. The projection onto the space of active power injections may be "close" to convex, but this is not sufficient to guarantee revenue adequacy for the settlement of financial transmission rights.
Keywords :
load flow; optimisation; power system economics; FTR market; bus voltage limit; constrained power flow equation; convexity; financial transmission right; optimization method; power injection; power system economics; revenue adequacy; transmission capacity; Cost function; Electricity supply industry; Equations; Helium; Load flow; Load flow analysis; Optimization methods; Power system economics; Reactive power; Voltage; Convexity; financial transmission rights (FTRs); optimization methods; power flow analysis; power system economics;
Journal_Title :
Power Systems, IEEE Transactions on
DOI :
10.1109/TPWRS.2005.857268
