• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.12
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• pp.2143-2149
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• 2010

Market price and curtailment amounts of the Demand Resource Market(DRM) are determined by competition between electricity consumers. An important aspect of the DRM involves the assessment of strategic behavior of participants for maximizing their profits. This paper presents economic equilibrium models for simulating imperfect competition among electricity consumers in the DRM and analyzes the models at Nash Equilibrium of Game Theory. The proposed demand functions and supply functions of DRM are based on the Demand Resource Market Rules in Korean electricity market. Simulation results show that the models are adequate for obtaining Nash Equilibrium of consumers' competitive curtailment.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.9
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• pp.1575-1580
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• 2010

Demand Response is a well-known means usually operated by the system operator(SO) or the electricity retailers in order to reduce the peak loads or cut the price in electricity market. KPX(Korea Power eXchange), the SO in Korea has been operating the demand bidding program(or the demand resource market) since it was firstly introduced as the pilot project in 2008. The results has proved to be effective to enhance demand response. This paper describes the basic concepts and the operation results of the program.

• Current Photovoltaic Research
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• v.5 no.3
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• pp.100-104
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• 2017

This paper analyzes the correlation between Net Benefit Test (NBT) and System marginal price (SMP), which has a significant impact on the allocation of demand response (DR) resources in resource scheduling and commitment (RSC) process, based on the performance data of the demand resource market which has been established in 2014. Demand resources compete with generation resources in the RSC process, and it is prescribed to use demand resources only when net benefit occurs. Analysis result shows that the larger the SMP than the Net Benefit Threshold Price (NBTP), the more the winning bid of demand response resource was. It is interpreted that the introduction of NBT in DR market is justified. The demand resource market has been steadily growing. It is required to expand the scope of resources up to the small-sized DR, and to expand the functionalities of demand resources not only in the current energy market but also in the reserve market in the future. In order for that, institutional improvements are required.

• The Journal of Korea Institute of Information, Electronics, and Communication Technology
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• v.15 no.6
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• pp.440-448
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• 2022

Recently, due to the introduction of distributed energy resources, the optimal resource allocation problem of the power network is more and more important, and the distributed resource allocation method is required to process huge amount of data in large-scale power networks. In the optimal resource allocation problem, many studies have been conducted on the case when the supply-demand balance is satisfied due to the limitation of the generation capacity of each generator, but the studies considering the supply-demand imbalance, that total demand exceeds the maximum generation capacity, have rarely been considered. In this paper, we propose the consensus-based distributed algorithm for the optimal resource allocation of power network considering the supply-demand imbalance condition as well as the supply-demand balance condition. The proposed distributed algorithm is designed to allocate the optimal resources when the supply-demand balance condition is satisfied, and to measure the amount of required resources when the supply-demand is imbalanced. Finally, we conduct the simulations to verify the performance of the proposed algorithm.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.28 no.3
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• pp.44-50
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• 2014

This paper describes reasonable methods by considering change of outdoor temperature into Customer Baseline Load(CBL) of Demand Resources in Smart Demand Resource Market, which controls peak power demand and maintains reliability of power system. The Smart Demand Resouce Market, which KPX(Korea Power Exchange) implement, is explained and then effects for CBL calculated by considering temperature correction factor are established. Finally, four methods for calculation of CBL are proposed and those results are compared and analyzed.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.28 no.10
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• pp.43-48
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• 2014

With the energy paradigm shift from supply side management to demand side management, many researches have been done on demand side resource management and demand response. At the same time, Obix, BacNet-WS and OPC-UA are popularly used in buildings and industry energy management system. However, it is not easy to interchange the data and information among the systems cause a variety of protocols are used in buildings and factories. Therefore, in this paper, we are proposing an open business platform not only to integrate and manage the demand resources using various protocols and standards, but also to allow to plug-ins a new business service on top of the platform.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.9
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• pp.1581-1586
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• 2010

Korea Power Exchange has successfully performed the Long-term Electricity Demand Forecasting. Recently there is a lot of change in electricity industry sector; the national master-plan for green gas emission reducing, rise of smart-grid, and new trend of electricity consumption, and it is becoming painful challenging for demand forecasting. In new circumstance the demand forecasting is required more flexible and more accurate.

• Journal of KIISE:Computing Practices and Letters
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• v.12 no.5
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• pp.275-285
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• 2006

This paper proposes an efficient market mechanism-based resource transaction model for grid computing. This model predicts the next resource demand of users and suggests reasonable resource price for both of customers and resource providers. This model increases resource transactions between customers and resource providers and reduces the average of transaction response times from resource providers. For prediction accuracy improvement of resource demands and suggestion of reasonable resource price, this model introduces a statistics-based prediction model and a price decision model of microeconomics. For performance evaluating, this paper measures resource demand prediction accuracy rate of users, response time of resource transaction, the number of resource transactions, and resource utilization. With 87.45% of reliable prediction accuracy, this model works on the less 72.39% of response time than existing resource transaction models in a grid computing environment. The number of transactions and the resource utilization increase up to 162.56% and up to 230%, respectively.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.8
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• pp.1074-1079
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• 2013

Demand response(DR) is potential generation alternative to improve the reliability indices of system and load points. However, when demand resources scheduled in DR market fail to reduce demand, it can create new problems associated with maintaining a reliable supply. In this paper, a reliability model of demand resource is constructed considering customers' behaviors in the same form as conventional generation units, where availability and unavailability are associated with the simple two-state model. As a result, the generalized reliability model of demand resources is represented by multi-state model.

• Proceedings of the KIEE Conference
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• summer
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• pp.663-665
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• 2004

There are some demand response program which is Direct Load Control and so on in Korea. These are used to manage lack of power stability or shift peak time for shading load. It is very important not only using stability power system but controling and scheduling power system on the whole. Interruptible loads are essential resources to solve lack of energy and limit of constructing generator On recently days, Demand Response Program's reliability is recognized as ancillary or reserve service in many country. This paper presents a necessity to apply demand resource to our ancillary program. For this reason, it is introduce overseas ancillary program using load resource.