• Title/Summary/Keyword: Competitive electricity market

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Probabilistic Reliability Analysis of KEPCO System Using TRELSS

  • Tran Trung Tinh;Kwon Jung-Ji;Choi Jae-Seok;Choo Jin-Boo;Jeon Dong-Hun;Han Kyoeng-Nam;Billinton Roy
    • Journal of Electrical Engineering and Technology
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    • v.2 no.1
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    • pp.10-18
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    • 2007
  • The importance of conducting necessary studies on grid reliability evaluation has become increasingly important in recent years due to the number of blackout events occurring throughout the world. Additionally, quantitative evaluation of transmission system reliability is very important in a competitive electricity environment. The reason behind this is that successful operation of an electric power company under a deregulated electricity market depends on transmission system reliability management. The results of many case studies for the Korea Electric Power Cooperation (KEPCO) system using the Transmission Reliability Evaluation for Large-Scale Systems (TRELSS) Version 6.2 are illustrated in this paper. The TRELSS was developed by EPRI and Southern Company Services Inc. This paper presents the reliability analysis of KEPCO system expansion planning by using the TRELSS program.

Empirical Approach to Price Modeling in Electricity Market based on Stochastic Process (확률과정론적 기반의 전력시장가격모델링 기법)

  • Kang, Dong-Joo;Kim, Bal-Ho H.
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.24 no.4
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    • pp.95-102
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    • 2010
  • As the electric power industry is evolving into competitive market scheme, a new paradigm is required for the operation of market. Traditional dispatch algorithm was built based on the optimization model with an objective function and multiple constraints. Commercial market simulator followed the concept of the microeconomic model used in the dispatch algorithm, which is called as analytic method. On analytic method it is prerequisite to procure the exact data for the simulation. It is not easy anymore for each market participant to access to other participants' financial information while it used to be easy for monopoly decision maker to know all the information needed for the optimal operation. Considering the changing situation, it is required to introduce a new method for estimating the market price. This paper proposes an empirical method based on stochastic processes expected to build a capacity planning and long term contracts.

The On-Line Application Algorithm of SCOPE Using Time-varying Sensitivities (시변민감도를 이용한 안전도제약 최적조류계산의 On-Line 적용 알고리즘)

  • 김발호;신영균
    • Journal of Energy Engineering
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    • v.13 no.1
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    • pp.60-67
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    • 2004
  • The recent movement to deregulated and competitive electricity market reacquires new concepts against existing central dispatch in the system operation and pinning. As power systems tend to be operated more closely to their ultimate ratings, the role of SCOPF (Security Constrained Optimal Power flow) is changed and the importance for real-time security inhancement will be more increased i]1 the new and com partitive electricity market. This paper deals with the application of the SCOPF which makes possible the On-Line application. The security margin of power system truly is changed according to the conditions or configuration of power systems, therefore, the sensitivity factor reiated to the security is recalculated and the application should be updated in accordance with the state of power system. The goal of this paper is to obtain proper security through the effluent usage of the sensitivity and to apply this a1gorithm to system operation. The proposed mechanism has been tested on a sample system and the results show more secure conditions against critical contingencies.

Eco-System: REC Price Prediction Simulation in Cloud Computing Environment (Eco-System: 클라우드 컴퓨팅환경에서 REC 가격예측 시뮬레이션)

  • Cho, Kyucheol
    • Journal of the Korea Society for Simulation
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    • v.23 no.4
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    • pp.1-8
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    • 2014
  • Cloud computing helps big data processing to make various information using IT resources. The government has to start the RPS(Renewable Portfolio Standard) and induce the production of electricity using renewable energy equipment. And the government manages system to gather big data that is distributed geographically. The companies can purchase the REC(Renewable Energy Certificate) to other electricity generation companies to fill shortage among their duty from the system. Because of the RPS use voluntary competitive market in REC trade and the prices have the large variation, RPS is necessary to predict the equitable REC price using RPS big data. This paper proposed REC price prediction method base on fuzzy logic using the price trend and trading condition infra in REC market, that is modeled in cloud computing environment. Cloud computing helps to analyze correlation and variables that act on REC price within RPS big data and the analysis can be predict REC price by simulation. Fuzzy logic presents balanced REC average trading prices using the trading quantity and price. The model presents REC average trading price using the trading quantity and price and the method helps induce well-converged price in the long run in cloud computing environment.

On-Line SCOPF Using the Time-varying Sensitivity (시변민감도를 반영한 On-Line SCOPF알고리듬 개발)

  • Shin, Young-Kyun;Kim, Bal-Ho H.
    • Proceedings of the KIEE Conference
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    • 2000.07a
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    • pp.16-18
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    • 2000
  • The recent movement to deregulated and competitive electricity market changes the role of Security Constrained Optimal Power Flow (SCOPF) and increases the importance for real-time computation. communication, and on-line data control. As power systems tend to be operated more closely to their ultimate ratings, more rapid updates of telemetered data and faster solutions times are becomimg necessary to better track the changes in systems. This paper presents an on-line SCOPF application exploiting the state-of-art OPF tools and corresponding interfacing technologies. The significance of the proposed mechanism is demonstrated with a case study system.

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A multi stage allocation method of congestion cost in a uniform pricing (단일 요금제도에서 혼잡비용의 다단계 분배 방법 연구)

  • Kwon, Tae-Jin;Jung, Hae-Sung;Hur, Don;Han, Tae-Kyung;Hur, Jae-Hang;Park, Jong-Keun
    • Proceedings of the KIEE Conference
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    • 2005.07a
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    • pp.739-741
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    • 2005
  • The congestion cost caused by transmission capacities is an important issue in a competitive electricity market. To allocate the congestion cost equitably, the active constraints in a constrained dispatch and the sequence of these constraints should be considered. A multi-stage method which was proposed by H.S. Jung reflects the effects of both the active constraints and the sequence. In a multi-stage method, the types of congestion are analyzed in order to consider the sequence, and the relationship between congestion and the active constraints is derived in a mathematical way. But in some cases, the inactive constraints can affect the congestion sequence and it is reasonable to allocate the congestion cost to them.

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The Unit Commitment Using the Sensitivity Factor of Security Constrained Optimal Power Flow (SC-OPF의 민감도 계수를 이용한 발전기 기동.정지계획)

  • Kim, Kwang-Mo;Chung, Koo-Hyung;Han, Seok-Man;Kim, Bal-Ho
    • Proceedings of the KIEE Conference
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    • 2006.07a
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    • pp.416-417
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    • 2006
  • The recent movement to deregulated and competitive electricity market requires new concepts against existing central dispatch in the system operation and planning. As power systems tend to be operated more closely to their ultimate ratings, the role of SCOPF(Security Constrained Optimal Power Flow) is changed. This paper deals with the proper Unit Commitment condition changed according to the conditions or configuration of power system. This goal of is paper is to obtain proper security and Optimal UC condition through the efficient usage of the sensitivity Factor against critical contingencies. The proposed mechanism has been tested on a sample system and results show more secure conditions against critical contingencies.

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A Study of the Order of Precedence Investment in Distribution System Using Interruption Cost with Facility Failure Rate (정전비용과 설비고장률을 이용한 배전계통의 설비 투자 순위평가 분석)

  • Chu, Cheol-Min;Kim, Jae-Chul;Moon, Jong-Fil;Lee, Hee-Tae
    • Proceedings of the KIEE Conference
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    • 2005.11b
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    • pp.258-260
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    • 2005
  • Recently, it is focused on a methodology to estimate a order of precedence investment in distribution power system under competitive electricity market. This paper suggests methodology to evaluate the order as using a sensitivity of system interruption cost in distribution system regarding a failure rate of distribution components. In this paper, by using one of feeder in RBTS model, the order is assessed to compare valuation about sensitivity of interruption cost with valuation about sensitivity of estimated reliability indices. In conclusion, it is shown that results of precedence investment based on each methods are difference.

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The Performance and Efficiency Analysis of PVT system : A Review (선행 연구된 태양광열 복합 시스템의 문헌 검토를 통한 성능 및 효율분석)

  • Euh, Seung-Hee;Kim, Dae-Hyun
    • Journal of the Korean Solar Energy Society
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    • v.31 no.3
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    • pp.57-66
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    • 2011
  • A Photovoltaic/Thermal(PVT) solar system consists of PV module and thermal absorber plate which convert the absorbed solar radiation into electricity and heat. Meaningful researches and development (R&D) on the PVT technologies have been performed since the 1970s. This paper presents a review of the previous works covering the various types of PVT and their performance analysis in terms of electrical and thermal efficiency. This review compares electrical and thermal efficiency of the different types of PVT collectors and analyzes the parameters affecting PVT performance. Based on the literature review, box channel type PVT with unglazed, or flat plate PVT with glazed have the highest efficiency among them. From the literature review, R&D should be carried out aiming at improving their overall electrical and thermal efficiency, cutting down the cost, and making them more competitive in the energy consumption market.

Developement of Evaluation Method for the Load-Focused Transmission Marginal Loss Factor (부하중심의 한계송전손실계수 계산 방법론 계발)

  • Lee, Ki-Song;Park, Jong-Bae;Shin, Joong-Rin;Kim, Jin-Ho;Jun, Young-Hwan
    • Proceedings of the KIEE Conference
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    • 2002.07a
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    • pp.377-379
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    • 2002
  • This paper provides a new approach for the load-focused transmission marginal loss factors(MLF). It can be widely applied to power system operations and pricing mechanism in a competitive electricity market. The load-focused MLF is the ratio of required additional generation at a reference bus to the demand increments at a arbitrary bus. The new approach to determine the load-focused MLF was developed under some practically endurable assumptions. Although the suggested method is very similar to the conventional penaty factors in its concept, the method is more efficient than the existing heuristic method for the load-focused MLF. To show its effectiveness and efficiency, numerical test have been performed in IEEE 14-bus system.

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