Proceedings of the KIEE Conference (대한전기학회:학술대회논문집)
- 2005.11b
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- Pages.159-161
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- 2005
A Study on the Mitigation pf Market Power using Contingent Transmission Rights in Competitive Electricity Markets
경쟁적 전력시장에서 Contingent Transmission Right을 이용한 지역적 시장지배력 완화방안
Abstract
Transmission congestion is one of the key factors to local market power in competitive electricity markets. Financial transmission rights provide the financial protection to their holders by paying back the congestion cost. However, the market participants who have market power can exacerbate their market power. Due to the exacerbated market power, this paper analyzes the mitigation of local market power using Contingent transmission rights on the market price. Contingent transmission rights provide not only the financial protection but also regulative penalty. The proposed methodology was demonstrated with the Optimal Power Flow(OPF).
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