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Energy Markets: Optimization of Transmission Networks

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ABSTRACT An energy transmission system is usually a part of every energy market. The problem of optimizing transmission system to maximize the social welfare is the subject of the present… Click to show full abstract

ABSTRACT An energy transmission system is usually a part of every energy market. The problem of optimizing transmission system to maximize the social welfare is the subject of the present paper. For energy markets with tree-type network structures, an approach to optimizing their transmission systems is developed based upon the concept of competitive and complementary network lines. Also, a method for the supply–demand balances transfer to the root node of the network is discussed. Finally, the problem of optimally developing an energy transmission system up to a given planning horizon is discussed.

Keywords: transmission system; energy; transmission; energy markets; optimization transmission; markets optimization

Journal Title: International Journal of Public Administration
Year Published: 2019

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