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Energy Markets: Optimization of Transmission Networks

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  • Alexander Vasin
  • Olesya Grigoryeva
  • Nikita Tsyganov

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.

Suggested Citation

  • Alexander Vasin & Olesya Grigoryeva & Nikita Tsyganov, 2019. "Energy Markets: Optimization of Transmission Networks," International Journal of Public Administration, Taylor & Francis Journals, vol. 42(15-16), pages 1311-1322, December.
    • Handle: RePEc:taf:lpadxx:v:42:y:2019:i:15-16:p:1311-1322
    DOI: 10.1080/01900692.2019.1645694
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