TY - JOUR A1 - Schewe, Lars A1 - Schmidt, Martin T1 - The Impact of Potential-Based Physics ModelsĀ on Pricing in Energy Networks T2 - Central European Journal of Operations Research N2 - 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. KW - Energy Networks KW - Pricing KW - Gas Networks KW - Electricity Networks Y1 - 2018 UR - https://opus4.kobv.de/opus4-trr154/frontdoor/index/index/docId/237 IS - 28(3) SP - 1003 EP - 1029 ER -