• 대한전기학회:학술대회논문집
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• 대한전기학회 2000년도 하계학술대회 논문집 A
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• pp.394-396
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• 2000

This paper presents a new algorithm for the allocation of the reliability level of composite power system under deregulated electricity market. Under deregulated electricity market, it is required to establish a methodology that can evaluate supply cost and supply reliability of each demand to realize the available priority service reflected a preference of each customer. In this study, a concept of reliability differentiated electricity service as priority service to keep reliability of particular customer within a desirable level is proposed on HLII under deregulated competitive electricity market. The uncertainties of not only generators but also transmission lines are considered for the reliability evaluation in this study. The characteristics and effectiveness of this methodology are illustrated by the case studies on MRBTS and IEEE-RTS.

• KIEE International Transactions on Power Engineering
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• 제5A권4호
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• pp.331-338
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• 2005

In this paper, an improved maintenance scheduling approach suitable for the competitive environment is proposed by taking account of profits and costs of generation companies and the formulated combinatorial optimization problem is solved by using Reactive Tabu search (RTS). In competitive power markets, electricity prices are determined by the balance between demand and supply through electric power exchanges or by bilateral contracts. Therefore, in decision makings, it is essential for system operation planners and market participants to take the volatility of electricity price into consideration. In the proposed maintenance scheduling approach, firstly, electricity prices over the targeted period are forecasted based on Artificial Neural Network (ANN) and also a newly proposed aggregated bidding curve. Secondary, the maintenance scheduling is formulated as a combinatorial optimization problem with a novel objective function by which the most profitable maintenance schedule would be attained. As an objective function, Opportunity Loss by Maintenance (OLM) is adopted to maximize the profit of generation companies (GENCOS). Thirdly, the combinatorial optimization maintenance scheduling problem is solved by using Reactive Tabu Search in the light of the objective functions and forecasted electricity prices. Finally, the proposed maintenance scheduling is applied to a practical test power system to verify the advantages and practicability of the proposed method.

• 정보처리학회논문지:컴퓨터 및 통신 시스템
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• 제1권3호
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• pp.133-142
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• 2012

쿠르노 모델은 경쟁적 전력시장을 게임이론 기반으로 모델링하기 위한 대표적인 모델이다. 이전 연구에서도 쿠르노 모델을 이용하여 전력시장을 모델링 하기 위한 다양한 시도가 이루어져 왔다. 쿠르노 모델은 몇 개의 주요 발전사업자들이 경쟁하고 그로 인해 시장지배력이 존재하는 과점 시장모델에 적합하다. 쿠르노 모델로 시장을 모델링함에 있어서는 우하향 하는 수요함수의 존재가 선결되어야 한다. 과점에서 시장참여자들은 시장지배력을 활용하여 그들의 이익을 극대화하려고 노력하지만, 우하향하는 시장수요함수에 의해 매출 역시 하락하기 때문에 적당한 지점에서 이러한 시장지배력의 행사를 제한하여야 한다. 스마트그리드에서는 실시간으로 변동하는 요금제와 다양한 전산기반 툴의 활용으로 인해 이러한 수요반응이 더욱 활성화될 것이고, 이 경우 쿠르노 모델은 수요반응 솔루션의 주요 모델로 활용될 것이다. 이에 본 논문은 실제 시장에서 계량경제학적인 접근으로 전력시장의 수요곡선을 추정하는 방법에 대해 제안한다.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2003년도 추계학술대회 논문집 전력기술부문
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• pp.422-425
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• 2003

CBP market which is the first stage of competitive electricity market has been operated and the KPX has been established since April, 2001 by restructuring plan for electricity industry. Baseload unit are settled with baseload CP and BLMP in CBP market. The other unit are settled with peakload CP and SMP. The difference of settlement between two groups occurs the profit changes of the unit. This paper analyzes the profit by units under settlement rule in CBP market. It analyzes the difference between market clearing price and variable costs, and fixed cost recovery through CP income. Finally, this paper suggests the plan how market was affected by the difference of fixed cost recovery by generators and how to improve Intermediate and peak load unit's profit.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2006년도 제37회 하계학술대회 논문집 A
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• pp.398-399
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• 2006

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 proposed, which is able to assure supplemental contribution in competitive electricity market.

• 대한전기학회논문지:전력기술부문A
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• 제53권6호
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• pp.350-357
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• 2004

In a deregulated electricity generation market, the sufficient capacity of transmission lines will promote the competition among generation companies (Gencos). In this paper, we show that Gencos' possession of rights to collect congestion rents may increase the competition effects of the transmission lines. In order for concrete analysis on this effect, a simple symmetric market model is introduced. In this framework, introducing the transmission right to the Gencos has the same strategic effects as increasing the line capacity of the transmission line. Moreover, the amount of effectively increased line capacity is equal to the amount of the line rights. We also show that the asymmetric share of the financial transmission rights may result in an asymmetric equilibrium even for symmetric firms and markets. We also demonstrate these aspects in equal line rights model and single firm line rights model. Finally, a numerical example is provided to show the basic idea of the proposed paper.

• 전기학회논문지
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• 제61권2호
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• pp.187-193
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• 2012

Nash Equilibrium (NE) is as useful tool for investigating a participant's strategic generation quantity in a competitive electricity market. Cournot model may give a mixed strategy NE instead of a pure strategy when transmission constraints are considered. A mixed strategy is difficult to compute, complicated to understand conceptually, and hard to implement in an electricity market practically. This paper presents that a mixed strategy does not appear in Stackelberg leader-follower model even under a transmission congestion. A solution method is proposed for the leader-follower model under a nondifferentiable space of a strategy variable. Based on the pure strategy NE with a transmission line congested, the merit of leader-follower model is shown from a social welfare point of view.

• KIEE International Transactions on Power Engineering
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• 제3A권1호
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• pp.47-52
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• 2003

This paper presents a schematic process based on the method of eliminating dominated strategies to obtain the optimal bidding strategy Pursuing the Nash equilibrium Point. The Proposed approach is demonstrated for a bidding game in a generation competitive market with 2-dimensional bidding strategy vectors constituting a price-quantity strategy curve.

• 대한전기학회논문지:전력기술부문A
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• 제52권9호
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• pp.542-549
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• 2003

In this paper, a novel approach to generator maintenance scheduling strategy in competitive electricity markets based on non-cooperative dynamic game theory is presented. The main contribution of this study can be considered to develop a game-theoretic framework for analyzing strategic behaviors of generating companies (Gencos) from the standpoints of the generator maintenance-scheduling problem (GMP) game. To obtain the equilibrium solution for the GMP game, the GMP problem is formulated as a dynamic non-cooperative game with complete information. In the proposed game, the players correspond to the profit-maximizing individual Gencos, and the payoff of each player is defined as the profits from the energy market. The optimal maintenance schedule is defined by subgame perfect equilibrium of the game. Numerical results for two-Genco system by both proposed method and conventional one are used to demonstrate that 1) the proposed framework can be successfully applied in analyzing the strategic behaviors of each Genco in changed markets and 2) both methods show considerably different results in terms of market stability or system reliability. The result indicates that generator maintenance scheduling strategy is one of the crucial strategic decision-makings whereby Gencos can maximize their profits in a competitive market environment.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2004년도 하계학술대회 논문집 A
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• pp.701-703
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• 2004

Although the electricity market structure worldwide may be different in kinds, there generally exists long-term forward market and short-term spot market. Particularly, the bilateral contract in long-term forward market fixes the price between a genco and a customer so that the customer can avoid risks due to price-spike in spot market. The genco also can make an efficient risk-hedge strategy through this bilateral contract. In this paper, we propose a new mechanism for evaluating the optimal bilateral contract price using game theory. This mechanism makes a customer reveal his/her own willingness to purchase electricity so that a fair bilateral contract price can be derived.