The restructuring of the gas industry did not so far generate the same modeling activity as in electricity. While the literature of activity in electricity market models is now abundant, it is still rather scant on the gas side. This paper surveys some of the existing models and attempts to take...

An efficient congestion management system is a necessary condition to remove obstacles to the cross border trade of electricity in Europe and hence to move towards an internal electricity market. Locational marginal pricing (LMP)is progressively becoming the benchmark of congestion management in...