Study on financial effects resulted from modified settlement rules

CBP시장의 정산 규칙개정에 따른 양수발전의 재무적 영향 분석

In Korean Power Market, Cost-based Bidding Pool is maintaining the present condition because restructuring of electricity industry is holding. When this market is designed, Settlement rules for Pumped-storage power plant made unfairly by other power plants. These rules were considered contribution of Pumped-storage power plant to network operation. by the way, there are some discussion about Settlement rules modification. so in this paper, we calculated financial effect of power plant by modified rules. And when we modify market rules, we can offer numerical information.