• The Transactions of the Korean Institute of Electrical Engineers A
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• v.52 no.2
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• pp.107-113
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• 2003

In a deregulated electric power market, a demand function to consider the characteristics of electric power consumers should be required. It is essential that the optimal power flow algorithm with object function of social welfare maximization using the demand function for a competitive electric power market is applied to resolve in a point of economic benefits as well as the security of power systems. Therefore, in this paper, we implement the optimization problem based on linear programming to consider the characteristics of electric power consumers using the demand function and analyze not only the nodal cost for generations and demands but also the variation of demands as a function of the characteristics of electric power consumers through numerical studies.

• KIEE International Transactions on Power Engineering
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• v.3A no.3
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• pp.119-123
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• 2003

Successful operation of power systems under the deregulated electricity market depends on the management of the transmission system reliability. Quantitative evaluation of the transmission system reliability is an important issue. Particularly, the nodal reliability indices can be of value in the management and control of congestion and reliability of the transmission system under the deregulated electricity market. In this study, a method developed for the reliability evaluation of the transmission system is presented. The Monte Carlo methods are used because of their flexibility when complex operating conditions are being considered. The usefulness and effectiveness of the proposed method are illustrated by a case study with the KEPCO system.

• KEPCO Journal on Electric Power and Energy
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• v.6 no.3
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• pp.211-224
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• 2020

• KEPCO Journal on Electric Power and Energy
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• v.6 no.4
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• pp.359-379
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• 2020

• Proceedings of the Korean Nuclear Society Conference
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• 2001.05a
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• pp.535-535
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• 2001

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.52 no.4
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• pp.213-218
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• 2003

In front of the opening of electric distribution market in 2004, it is indispensable to have a proper estimation of power quality index and rower quality cost calculation mechanism which are indispensable to stabilize highly industrialized society and to vitalize the Investment lot electric power system. However, there were not enough measures to reflect the voltage characteristics such as voltage sags and Interruptions which make electric load in unstable operation. This paper suggests power quality index and power quality cost which translate various kinds of voltage records into bus load drop index(BLDI) and bus power quality cost(BPQC) based on aggregated load CBEMA curve. A sample calculation result shows that this method can produces the acceptable power Quality index and costs for utilities and customers requirements.

• Proceedings of the KIEE Conference
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• 2008.07a
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• pp.580-583
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• 2008

As the construction of renewable energy generators is on the rise and gets bigger in size, researchers pay more and more attention to the impact of such facilities on the power market as well as on the stability of power grid system. In Korea, while studies on the latter, including calculating the marginal capacity of renewable energy generators, is being made, those on the former has not yet been performed. As such, this paper analyses the impact of a big renewable energy generators on the price and transaction cost of domestic power market and proposes ideas to minimize such influence by applying the technology of forecasting renewable energy.

• Korean System Dynamics Review
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• v.6 no.2
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• pp.25-35
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• 2005

This paper describes the mechanism for new investment to appear in waves of boom and bust causing alternative periods of over and under supply of electricity in Korean market. A system dynamics model was developed to describe the dynamic behavior of new investment in Korean market. The simulation results show the boom and bust cycle in the new investments. When the market price is high, investors decide to build new power plants. However, it takes some delay time to complete new power plants. When the new power plants are being added into the grid, the supply increases and the wholesale price begins to decrease. This causes the cancellation of new power plant or delay the construction. This mechanism causes the boom and bust cycle in new investment.

• KEPCO Journal on Electric Power and Energy
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• v.6 no.2
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• pp.105-114
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• 2020

• KEPCO Journal on Electric Power and Energy
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• v.6 no.2
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• pp.69-89
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• 2020