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- Title
Contract Networks for Electric Power Transmission.
- Authors
Hogan, William W.
- Abstract
A contract network extends the concept of a contract path to address the problem of loop flow and congestion in electric power transmission systems. A contract network option provides an internally consistent framework for assigning long-term capacity rights to a complicated electric transmission network. The contract network respects the special conditions induced by Kirchotf's Laws; accommodates thermal, voltage, and contingency constraints on transmission capacity; and can be adopted without disturbing existing methods for achieving an economic power dispatch subject to those constraints. By design, a contract network would maintain short-run efficiency through optimal spot-price determination of transmission prices. Through payment of congestion rentals, the contract network makes a long-term capacity right holder indifferent between delivery of the power or receipt of payments in a settlement system.
- Subjects
ELECTRIC power transmission; ELECTRIC power systems; ELECTRIC lines; ELECTRIC power; POWER resources
- Publication
Journal of Regulatory Economics, 1992, Vol 4, Issue 3, p211
- ISSN
0922-680X
- Publication type
Article
- DOI
10.1007/BF00133621