• The Transactions of The Korean Institute of Electrical Engineers
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• v.57 no.1
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• pp.34-39
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• 2008

Nash Equilibrium(NE) is essential to investigate a participant's bidding strategy in a competitive electricity market. Congestion on a transmission line makes it difficult to compute the NE due to causing a mixed strategy. In order to compute the NE of a multi-player game, some heuristics are proposed with concepts of a key player and power transfer distribution factor in other studies. However, generation capacity constraints are not considered and make it more difficult to compute the NE in the heuristics approach. This paper addresses an effect of generation capacity limits on the NE, and suggest a solution technique for the mixed strategy NE including generation capacity constraints as two heuristic rules. It is reported in this paper that a role of the key player who controls congestion in a NE can be transferred to other player depending on the generation capacity of the key player. The suggested heuristic rules are verified to compute the mixed strategy NE with a consideration of generation capacity constraints, and the effect of the generation constraints on the mixed strategy NE is analyzed in simulations of IEEE 30 bus systems.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.57 no.1
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• pp.25-33
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• 2008

This paper presents a new approach of a evaluation of location marginal prices(LMPs) considering demand response resources in the competitive electricity market. The stabilization of the electric power supply and demand balance has been one of the major important activities in electric power industry. Recently, much attention is paid to the demand-side resources which are responsive to incentives or time-varying prices and existing power system planning and operation activities are incorporated with the so-called demand response resources. In this paper, we first present an analytical method for calculation of LMPs considering demand response resources and then break down the LMPs into three components. In this study, we assume that Korean power system consists of two major regions, one which is the metropolitan and the other is non-metropolitan region. In the case study, we have considered several LMPs cases with different use of locational demand response resource and we can obtain a locational signal to demand response resources. Also, the economics of demand response resources are evaluated, compared with the increase of transmission line capacity and of generation capacity.

• IE interfaces
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• v.17 no.3
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• pp.269-281
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• 2004

How to maintain the optimal electric power generation mix is one of the important problems in electric power industry. The objective of this study is to develop a computer model which can be used to forecast the investment in power generation unit by the plant owners after restructuring of electric power industry. Restructuring of electric power industry will make difference in decision making process of investment in power generation unit. After Privatiazation of Power Industry, Gencos will think that profit is the most important factor among all others attracting the investment in the industry. Coal power generation is better than LNG CCGT in terms of profit. However, many studies show that LNG CCGT will be main electric power generation source because the rest of factors other than profit in LNG CCGT are superior than Coal power generation. The impacts of the various government policies can be analyzed using the computer model, thus the government can formulate effective policies for achieving the desired electric power generation mix.

• Proceedings of the KIEE Conference
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• 2006.07a
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• pp.95-96
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• 2006

As the power industry moves towards open competition, there has been a call for methodology to evaluate distribution power system reliability by using customer interruption costs. Accordingly, it is increased for methodology to evaluate distribution power system reliability in power supply zones under competitive electricity market. This paper presents algorithm to evaluate system average interruption duration index. expected energy not supplied and system outage cost taking Into consideration failure rate of distribution facility and industrial customer interruption cost. Also, to apply this algorithm to evaluate system outage cost presented in this paper, distribution system of a dual supply system consisting of mostly high voltage customers in industrial complex in Korea is used as a sample case study. Finally, evaluation results of system interruption cost, system average interruption duration index and expected energy not supplied in sample industrial complex area are shown in detail.

• The KSFM Journal of Fluid Machinery
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• v.15 no.6
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• pp.39-45
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• 2012

This paper describes the outcome of the design of a 200 kW class micro gas turbine and the sensitivity of its performance (efficiency and power) to the variations in major design parameters. The reference design parameters were set up based on the best available component technologies. The resulting net electricity generation efficiency of the micro gas turbine package was found to be competitive to those of other systems in the market. The sensitivities of power and efficiency to the variations in compressor and turbine efficiencies, pressure ratio, turbine inlet temperature, recuperator effectiveness, secondary air ratio, pressure loss ratios of both the cold and hot sides of the recuperator were estimated. Based on the sensitivity data, a simplified method to predict the variation in system performance responding to the combinations of small changes in all design parameters were set up and validated.

• Korean System Dynamics Review
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• v.4 no.1
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• pp.33-53
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• 2003

How to maintain the optimal electric power generation mix is one of the important problems in electric power industry. The objective of this study is to develop a computer model which can be used to forecast the investment in power generation unit by the plant owners after restructuring of electric power industry. Restructuring of electric power industry will make difference in decision making process of investment in power generation unit. After Privatiazation of Power Industry, Gencos will think that profit is the most important factor among all others attracting the investment in the industry. Coal power generation is better than LNG CCGT in terms of profit. However, many studies show that LNG CCGT will be main electric power generation source because the rest of factors other than profit in LNG CCGT are superior than Coal power generation. Because the nst of factors other than profit in LNG CCGT are superior than Coal power generation. The impacts of the various government policies can be analyzed using the computer model, thus the government can formulate effective policies for achieving the desired electric power generation mix.

• KIEE International Transactions on Power Engineering
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• v.5A no.1
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• pp.62-69
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• 2005

The optimal design of transmission system expansion planning is an important part of the overall planning task of electric power system under competitive electricity market environments. One of main keys of the successful grid expansion planning comes from optimal reliability level/criteria decision, which should be given for constraint in the optimal expansion problem. However, it's very difficult to decide logically the optimal reliability criteria of a transmission system as well as generation system expansion planning in a society. This paper approaches a methodology for deciding the optimal reliability criteria for an optimal transmission system expansion planning. A deterministic reliability criteria, BRR (Bus Reserve Rate) is used in this study. The optimal reliability criteria, BRR/sup */, is decided at minimum cost point of total cost curve which is the sum of the utility cost associated with construction cost and the customer outage cost associated with supply interruptions for load considering bus reserve rate at load buses in long term forecasting. The characteristics and effectiveness of this methodology are illustrated by the case study using IEEE-RTS.

• Proceedings of the KIEE Conference
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• 2007.07a
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• pp.574-575
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• 2007

This paper proposes a method for choosing the best transmission system expansion plan using nodal/bus delivery marginal rate criterion ($BMR_k$) defined newly in this paper. The objective method minimizes a total cost which is an investment budget for constructing new transmission lines subject to the $BMR_k$ which means a nodal deterministic reliability level requirement at specified load point. The proposed method models the transmission system expansion problem as an integer programming problem. It solves for the optimal strategy using a branch and bound method that utilizes a network flow approach and the maximum flow-minimum cut set theorem. Test results on an existing 21-bus system are included in the paper. It demonstrated the suitability of the proposed method for solving the transmission system expansion planning problem in competitive electricity market environment.

• Proceedings of the KIEE Conference
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• 2007.07a
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• pp.578-579
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• 2007

The importance and necessity of conducting studies on area outage cost assessment have been increasingly important in recent years due to the competitive electricity market environment. The objective of operational issues would be to minimize the total area cost while satisfying all associated system constrains of each area[2]. This paper presents a methodology of the Area annual outage cost assessment by probabilistic reliability evaluation using TRELSS program for KEPCO system. The interrupted energy assessment rate (IEAR) is evaluated by macro approach that is using relations between GRDP and the electrical energy demand. The Expected Energy Not Supplied (EENS) of each area was evaluated using the Transmission Reliability Evaluation for Large-Scale Systems (TRELSS) Version 6_2, a program developed by EPRI are introduced in this paper.

• The Journal of Fisheries Business Administration
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• v.54 no.2
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• pp.59-76
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• 2023

This study is to propose ways to improve the system for rational procedures for offshore wind power generation projects. The results of this study are summarized as follows. In order to quickly distribute and develop offshore wind power projects, the permitting period should be shortened through special laws, the government actively intervenes to support the formation and operation of privat-public councils to ensure residents' acceptance. In this way, it can be competitive in the future energy market. Above all, a special law (proposal) related to offshore wind power currently pending in the National Assembly should be passed as soon as possible. Finally, the government and local governments that manage public waters should provide active administrative support based on system improvement measures in consideration of these permits, and the project's main body should minimize damage to the marine environment and ecosystem. Through these subject-specific roles, offshore wind power generation will be able to reduce carbon emissions and help establish a sustainable energy production system.