A mathematical modeling technique with network flows for social welfare maximization in deregulated electricity markets

This paper presents a sequential solution method to discover efficient trades in an electricity market model. The market model represents deregulated electricity market consisting of four types of participants: independent power producers, retailers, public utilities, and consumers. Our model is bas...

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Bibliographic Details
Main Authors: Ryo Hase, Norihiko Shinomiya
Format: Article
Language:English
Published: Elsevier 2016-01-01
Series:Operations Research Perspectives
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2214716016300215