The Impact of Potential-Based Physics Models on Pricing in Energy Networks

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Details zur Publikation

Autor(en): Schewe L, Schmidt M
Jahr der Veröffentlichung: 2018
Sprache: Englisch


Abstract

Pricing of access to energy networks is an important issue in
liberalized energy sectors because of the natural monopoly character of
the underlying transport infrastructures. We introduce a general pricing
framework for potential based energy flows in arbitrarily structured
transport networks. In different specifications of our general pricing
model we discuss first- and second-best pricing results and compare
different pricing outcomes of potential-free and potential based energy
flow models. Our results show that considering nonlinear laws of physics
leads to significantly different pricing results on networks and that
these differences can only be seen in sufficiently complex, e.g.,
cyclic, networks as they can be found in real-world situations.


FAU-Autoren / FAU-Herausgeber

Schewe, Lars PD Dr.
Lehrstuhl für Wirtschaftsmathematik
Schmidt, Martin Prof. Dr.
Juniorprofessur für Optimierung von Energiesystemen


Zitierweisen

APA:
Schewe, L., & Schmidt, M. (2018). The Impact of Potential-Based Physics Models on Pricing in Energy Networks.

MLA:
Schewe, Lars, and Martin Schmidt. The Impact of Potential-Based Physics Models on Pricing in Energy Networks. 2018.

BibTeX: 

Zuletzt aktualisiert 2018-11-08 um 02:42