Proceedings of the KIEE Conference (대한전기학회:학술대회논문집)
- 2007.07a
- /
- Pages.812-813
- /
- 2007
Reliability Pricing Model system construction
신뢰도기반 가격산정모델 시스템 구축
- Lee, Cheon-Ho (Hongik University) ;
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Han, Seok-Man
(Hongik University) ;
- Kim, Jong-Hyuk (Hongik University) ;
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Chung, Koo-Hyung
(Hongik University) ;
- Kim, Bal-Ho (Hongik University)
- Published : 2007.07.18
Abstract
The procurement of generation and transmission/Distribution capacity in vertically-integrated electric industry is sufficient by facility construction in suitable time. However, the introduction of competitive electricity market increase the efficiency of availability for facilities and fuels. As a result, long-term capacity procurement is required for stable demand-supply balance since it is expected to maintain their generation capacity at a minimum for profit maximization. In this paper, a new long-term capacity procurement mechanism is constructed, which is able to assure supplemental contribution in competitive electricity market.
Keywords