caa a22 4500 469075856 CHVBK 20180323132934.0 cr unu---uuuuu 170328e19920901xx s 000 0 eng 10.1007/BF00133621 doi (NATIONALLICENCE)springer-10.1007/BF00133621 Hogan William Harvard University John F. Kennedy School of Government, 02138, Cambridge, MA, USA aut Contract networks for electric power transmission [Elektronische Daten] [William Hogan] 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 Kirchoff'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 these 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. to]Everybody talks about the weather, but nobody does anything about it. Kluwer Academic Publishers, 1992 Journal of Regulatory Economics Kluwer Academic Publishers 4/3(1992-09-01), 211-242 0922-680X 4:3<211 1992 4 11149 https://doi.org/10.1007/BF00133621 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00133621 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Hogan William Harvard University John F. Kennedy School of Government, 02138, Cambridge, MA, USA aut NATIONALLICENCE 773 0- Journal of Regulatory Economics Kluwer Academic Publishers 4/3(1992-09-01), 211-242 0922-680X 4:3<211 1992 4 11149 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer