• The Transactions of The Korean Institute of Electrical Engineers
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• v.67 no.11
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• pp.1415-1422
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• 2018

In Korea, prior to 2011, the electric reserve margin followed the probabilistic reliability view and the planning reserve margin had been operated at about 15% based on the assumption that power outage was permitted within 0.5 days a year. However, after experiencing the shortage of the electric generation capacity in Sept. 15, 2011, the planning reserve margin was selected as 22% to improve the reliability of the electric supply. In this paper, using panel data of 28 OECD countries over the period 2000-2014 we attempted to empirically examine the linkage between reserve margin, electricity tariffs, renewable energy share, GDP per capita, and summer / winter peak-to-peak ratios. As a result, all four independent variables have been significant for the electric reserve margin, and in particular, we found that countries with similar peaks in winter and summer have operated 4.3% higher reserve margin than countries experiencing only summer peak.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.51 no.6
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• pp.269-275
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• 2002

Recently, Korea's electric industry has experienced substantial changes in its structure and function including the introduction of competition in the generation sector. Korea is in the early stages of market competition where the market price is determined by generation costs. In the future, the market Price will be determined by generators'bids. Therefore, the generators'profit is determined by market pool price, the prospects of pool price are very important for new capacity investment decision made by generators and IPPS. This study analyzes hourly marginal costs and LOLP considering basic generation mix and characteristics develops the relationship of pool price and Profit by generation-type using the change in reserve margin, and proposes basic direction for profits variation and supply-demand analysis in the electricity market in future.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.8
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• pp.1366-1373
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• 2010

Purpose of the electric power system planning and operation is to supply the electric energy to customers continuously and economically. With the mutual exclusive laws of nature between reliability and economic, finding the meeting point is very important but not easy. Commonly the probabilistic reliability indices of the electric power systems are represented with negatively. And the effectiveness of FACTS on the probabilistic reliability could not be reflected with common methods. In this paper, a method to evaluate the probabilistic arrival power at each load point is presented. With this new proposed method, probabilistic reserve margin at load points can be calculated and which can be used with positive reliability index also. Using the P-V analysis, the voltage stability is considered in reliability evaluation. It is expected that the proposed method will be useful expecially in reliability evaluation of electric power system which has voltage restriction.

• Journal of Electrical Engineering and Technology
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• v.10 no.5
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• pp.1950-1957
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• 2015

Modern wind generators (WGs) are forced or encouraged to participate in frequency control in the form of inertial and/or primary control to improve the frequency stability of power systems. To participate in primary control, WGs should perform deloaded operation that maintains reserve power using speed and/or pitch-angle control. This paper proposes an optimization formulation that allocates the required reserve to WGs to maximize the kinetic energy (KE) stored in a wind power plant (WPP). The proposed optimization formulation considers the rotor speed margin of each WG to the maximum speed limit, which is different from each other because of the wake effects in a WPP. As a result, the proposed formulation allows a WG with a lower rotor speed to retain more KE in the WPP. The performance of the proposed formulation was investigated in a 100-MW WPP consisting of 20 units of 5-MW permanent magnet synchronous generators using an EMTP-RV simulator. The results show that the proposed formulation retains the maximum amount of KE with the same reserve and successfully increases the frequency nadir in a power system by releasing the stored KE in a WPP in the case of a disturbance.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.51 no.7
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• pp.341-348
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• 2002

Recently, an SVC(Static Var Compensator) was installed at Seo-daegu substation in order to maintain the voltage level and reserve stability margin of the Korean Power System. This paper deals with the development of the simulation model for the Seo-daegu SVC. As a simulation platform, PSCAD/EMTDC is adopted and library components for the SVC are developed. The model includes detailed control system functions of Seo-daegu SVC. In order to verify the developed model, simulation results are compared with the TNA test performed by ABB. The results show a good agreement of the developed model with the real system.

• Korean Management Science Review
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• v.17 no.1
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• pp.117-134
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• 2000

Pubilc utility industries including the electric utility industry are facing a new stream of privatization com-petition with the private sector and deregulation. The necewssity to solve now and in the future power supply and demand problems has been increasing through the sophisticated generation expansion plan(GEP) approach con-sidering not only KEPCo's supply-side resources but also outside resources such as non-utility generation(NUG) demand-side management (DSM). Under the environmental situation in the current electric utility industry a new approach is needed to acquire multiple resources competitively. This study presents the development of a modified electric generation expansion analysis system(EGEAS) model with avoided cost based on the existing EGEAS model which is a dynamic program to develope an optimal generation expansion plan for the electric utility. We are trying to find optimal GEP in Korea's case using our modified model and observe the difference for the level of reliabilities such as the reserve margin(RM) loss of load probability(LOLP) and expected unserved energy percent(EUEP) between the existing EGEAS model and our model. In addition we are trying to calculate avoided cost for NUG resources which is a criterion to evaluate herem and test possibility of connection calculation of avoided cost with GEP implementation using our modified model. The results of our case study are as follows. First we were able to find that the generation expansion plan and reliability measures were largely influenced by capacity size and loading status of NUG resources, Second we were able to find that avoided cost which are criteria to evaluate NUG resources could be calculated by using our modified EGEAS model with avoided cost. We also note that avoided costs were calculated by our model in connection with generation expansion plans.

• Proceedings of the KIEE Conference
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• 2000.07a
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• pp.406-408
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• 2000

Recently, Korea's electric industry is in the midst of a period of profound changes in the structure and function, including the introduction of market competition in the generation sector. Therefore, it is difficult to promote long-term capacity planning and new generating capacity construction which have been driven by KEPCO so far, after the introduction of market competition, so new generating capacity construction and security of reserve margin is needed through self·regulation plan of private generation producers by market mechanism. According to the competition in the generation sector, a new paradigm is necessary to the long-term capacity planning driven by the Government. This paper analyzes the plan and the incentive level able to guide the new generation capacity construction considering the uncertainty risk in a period of introduction of competition. In addition, this paper analyzes the plan able to guide the new capacity construction by market function at the stage which market become established and Government's role to solve the anxiety about the capacity supply and demand.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.48 no.3
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• pp.234-240
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• 1999

This paper presents a new approach for large-scale generator maintenance scheduling optimizations. The generator preventive maintenance scheduling problems are typical discrete dynamic n-dimensional vector optimization ones with several inequality constraints. The considered objective function to be minimized a subset of{{{{ { R}^{n } }}}} space is the variance (i.g., second-order momentum) of operating reserve margin to levelize risk or reliability during a year. By its nature of the objective function, the optimal solution can only be obtained by enumerating all combinatorial states of each variable, a task which leads to computational explosion in real-world maintenance scheduling problems. This paper proposes a new priority search mechanism based on each generator's discrete sensitivity value which was analytically developed in this study. Unlike the conventional capacity-based priority search, it can prevent the local optimal trap to some extents since it changes dynamically the search tree in each iteration. The proposed method have been applied to two test systems (i.g., one is a sample system with 10 generators and the other is a real-world lage scale power system with 280 generators), and the results anre compared with those of the conventional capacith-based search method and combinatorial optimization method to show the efficiency and effectiveness of the algorithm.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.9
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• pp.1260-1268
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• 2012

Recently, lack of power reserve margin was observed quite often. In this paper, we studied the method to secure power source for a short time, to cut the utility power peak load, and to reduce the users electricity bills. Emergency diesel generator of an office building is to be converted into a dual-fuel engine generator which is responsible for a portion of the peak load. Compared to the conventional diesel fuel generator, the proposed dual-fuel engine is able to reduce the generation power cost by dual-fuel combustion, and it also mitigates the building's utility power peak load by charging the building's peak load. If the dead resources (a group of emergency dual-fuel engine generators), as a Virtual Power Plant, are operating in peak time, we can significantly reduce future large power development costs. We investigated the current general purpose electricity bills as well as the records of the building electric power usage, and calculated diesel engine generator renovation costs, generation fuel costs, driving conditions, and savings in electricity bills. The proposed dual-fuel engine generation method reduces 18.1% of utility power peak load, and turned out to be highly attractive investment alternative which shows more than 27% of IRR, 76 million won of NPV, and 20~53 months of payback periods. The results of this study are expected to be useful to developing the policy & strategy of the energy department.

• Journal of the Korean Operations Research and Management Science Society
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• v.17 no.1
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• pp.117-117
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• 1992

Pubilc utility industries including the electric utility industry are facing a new stream of privatization com-petition with the private sector and deregulation. The necewssity to solve now and in the future power supply and demand problems has been increasing through the sophisticated generation expansion plan(GEP) approach con-sidering not only KEPCo's supply-side resources but also outside resources such as non-utility generation(NUG) demand-side management (DSM). Under the environmental situation in the current electric utility industry a new approach is needed to acquire multiple resources competitively. This study presents the development of a modified electric generation expansion analysis system(EGEAS) model with avoided cost based on the existing EGEAS model which is a dynamic program to develope an optimal generation expansion plan for the electric utility. We are trying to find optimal GEP in Korea's case using our modified model and observe the difference for the level of reliabilities such as the reserve margin(RM) loss of load probability(LOLP) and expected unserved energy percent(EUEP) between the existing EGEAS model and our model. In addition we are trying to calculate avoided cost for NUG resources which is a criterion to evaluate herem and test possibility of connection calculation of avoided cost with GEP implementation using our modified model. The results of our case study are as follows. First we were able to find that the generation expansion plan and reliability measures were largely influenced by capacity size and loading status of NUG resources, Second we were able to find that avoided cost which are criteria to evaluate NUG resources could be calculated by using our modified EGEAS model with avoided cost. We also note that avoided costs were calculated by our model in connection with generation expansion plans.