The Transactions of the Korean Institute of Electrical Engineers A (대한전기학회논문지:전력기술부문A)

The Korean Institute of Electrical Engineers (대한전기학회)
권호 표지

A Methodological Analysis of Local Market Power and its Application to Korea Electricity Market

송전혼잡에 의한 지역적 시장지배력 분석 기법 및 한국 전력시장에의 적용

  • 신영균 (홍익대 전기정보제어공학과) ;
  • 이동진 (홍익대 전기정보제어공학과) ;
  • 김발호 (홍익대 전기정보제어공학과)
  • Published : 2005.01.01
Download PDF
⟨ Previous Next ⟩

Abstract

The presence of transmission congestion may reduce the market size and split the bulk power system into smaller systems. Consequently, this can be a key factor to the increase in market price. This paper analyzes the effect of exercising local market power on the market price, and derives a range of indices which quantify the degree and incentive of local market power through statistical analysis in an electricity market with uniform pricing scheme. The applicability and effectiveness of the derived indices on competitive electricity markets are demonstrated on the Korea electricity market.

Keywords

References

  1. Steven Stott, 'Power System Econimics-Designing Markets for Electricity', IEEE/Wiley, 2002. 2
  2. 김동현, 김영산 외, '경쟁적인 전력시장에서 발전경쟁력 분석연구', 한국전력공사 경영경제연구소, 2000. 12
  3. 문영환 외, '양방향 전력시장에서의 시장지배력 행사 가능성 및 대응방안', 한국전기연구원, 2003. 5
  4. 신중린, 김발호 외 '전력시장에서의 효과적인 시장감시 체계 수립에 관한 연구', 한국전력거래소, 2003. 7
  5. 신영균, 김발호, 전영환,, 'Uniform Pricing하에서의 지역적 시장지배력과 완화방안으로서의 Bid Cap',2002대한전기학회 논문지, p610-p615, Vol. 52A, No.10, OCT. 2003
  6. Scott M. Harvey and William W. Hogan, 'Nodal and Zonal Congestion Management and the Exercise of Market Power', Jan. 10, 2000
  7. Thomas J. Overbye, Kollin Patten, 'Assessment of Strategic Market Power in Power System', IEEE Conference 1998 pp. 297-302 https://doi.org/10.1109/PESW.1999.747470
  8. Deqiang Gan and Donald V. Bourcier, 'Locational Market Power Screening and Congestion Management : Experiment and Suggestion', IEEE Transaction on Power Systems Vol.17 No.1 Feb. 2002 pp. 180-185 https://doi.org/10.1109/59.982211
  9. Xiaohong Guan, Yu-Chi Ho, David L.Pepyne, 'Gaming and Price Spikes in Electric Power Markets', IEEE Transaction on Power Systems Vol. 16, No.3, Aug 2001 https://doi.org/10.1109/59.932275
  10. Noppm Leeprechanon, A.K David, 'Market Power in Developing Countries', IEEE Conference 2002. pp. 1805-1813 https://doi.org/10.1109/ICPST.2002.1067843
  11. Gregory J.Werden, 'Market Monitoring by Regional Transmission Organizations: What Role should They Play in Detecting and Mitigating Marke Power?'. The Electricity Journal, 2000 pp. 26-31 https://doi.org/10.1016/S1040-6190(00)00143-3
  12. Gerald B. Sheble, 'computational Auction Mechanisms for Restructured Power Industry operation', KAP, 1999
  13. KPX, 'Implementation of Two-Way Bidding Pool- Pool Rules Key Features (Ver. 0.2)', 12, March 2002
  14. Pual Peterson, Bruce Biewald, etc, 'Best Practice in Market Monitoring', Synapes Energy Economics, Inc. Nov. 9. 2001