A simplified financial transmission rights auction in the context of the New Zealand electricity grid

Authors

  • Geoffrey Pritchard University of Auckland
  • Winston LeMay Sweatman Massey University
  • Ghazaleh Mohammadian Flinders University
  • Philip Kilby National ICT Australia (NICTA) and Australian National University

DOI:

https://doi.org/10.21914/anziamj.v54i0.6221

Abstract

This article considers the use of financial transmission rights for managing electricity provision on a power grid. The use of a sub-grid of hubs for dealing in these products is explored. Some suitable approaches to this practice are outlined. These identify the feasible size of sub-grid and locate additional constraints. References
  • W. W. Hogan, Contract networks for electric power transmission, J. Regulatory Economics 4 (1992), 211--242. doi:10.1007/BF00133621
  • A. B. Philpott and G. Pritchard, Financial transmission rights in convex pool markets, Oper. Res. Letters, 32 (2004), 109--113. doi:10.1016/j.orl.2003.06.002

Published

2013-10-19

Issue

Vol. 54 (2012)

Section

Proceedings of the Mathematics in Industry Study Group