• The Transactions of The Korean Institute of Electrical Engineers
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• v.58 no.2
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• pp.264-269
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• 2009

Marginal Loss Factor(MLF) is represented as the sensitivity of transmission loss, which is computed from the change of the generation at slack bus by the change of the load at the arbitrary bus. The MLF dependent on the selection of slack bus is one of the key factors affecting nodal pricing, Genco's profits, social welfare(SW) and Nash Equilibrium in a competitive electricity market. This paper addresses the methodology of slack bus selection by using Cournot model of Cost Based Pool market. Numerical results from sample cases show that the slack bus of MLF of the highest average is beneficial from the view points of SW.

• Proceedings of the KIEE Conference
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• 2006.11a
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• pp.43-45
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• 2006

Because Cost Based Pool(CBP) has any locational signals for electricity price, there are any locational incentives for construction of new power plant high efficient. in case of Korean electricity power market, this incentives are very important to reduce loss and congestion. This Paper represent the effect of MLF(Marginal Loss Factor) as locational price signal in short period. we investigate mathematically loss reduced effect of MLF and prove to reduce transmission loss using 3bus test system.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.51 no.8
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• pp.379-384
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• 2002

In the competitive electricity market, various pricing methods are developed and practiced in many countries. Among these pricing methods, marginal loss factor(MLF) can be applied to reflect the marginal cost of network losses. For the calculation of MLF, power flow method has been used to calculate system loss deviation. However, this power flow method shows some shortcomings such as necessity of regional reference node, and absence of an ability to consider network constraints like line congestion, voltage limit, and generation output limit. The former defect might affects adversely to the equity of market participants and the latter might generate an inappropriate price signals to customers and generators. To overcome these defects, the utilization of optimal power flow(OPF) is suggested to get the system loss deviation in this paper. 30-bus system is used for the case study to compare the MLF results by the power flow and the OPF method for 24-hour dispatching and pricing, Generator payment and customer charge are compared with these two methods also. The results show that MLF by OPF reflects the power system condition more faithfully than that of by the conventional power flow method

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.51 no.6
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• pp.284-289
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• 2002

The transmission networks do not consist of perfect conductors and a percentage of the power generated is therefore lost before it reaches the loads. Since this network loss contributes to the cost of suppling power to consumers, it must be considered that the most efficient dispatch and location of generators and loads are to be achieved. In this paper, marginal loss factors are calculated for 12 load levels that represent the impact of marginal network losses on nodal prices at the transmission network connection points at which generators are located. Based on comparison analysis of marginal loss factors on 12 load levels, we found the MLF characteristics in KOREA.

• Proceedings of the KIEE Conference
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• 2001.07a
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• pp.509-511
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• 2001

In the competitive electricity market, various pricing methods are developed and practiced in many countries. Among these pricing methods, marginal loss factor(MLF) can be applied to reflect the marginal cost of network losses. For the calculation of MLF, power flow method has been used. However, it shows some shortcomings such as necessity of regional reference node, and absence of an ability to consider network constraints. The former defect might affect adversely to the equity of market participants and the latter might generate an inappropriate price signal. To overcome these defects, the utilization of optimal power flow(OPF) is suggested in this paper. 30-bus system is used for the case study to compare the MLF by the power flow and the OPF method for 24-hour dispatching and pricing.

• Proceedings of the KIEE Conference
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• 2002.11b
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• pp.262-264
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• 2002

This paper describes the proposed application of MLF(marginal loss factor) in korean wholesale electricity market in accordance with the proposal of wholesale market design, and presents the analysis result of the impact of MLF change on the electric power trading when the reference node for the MLF calculation is changed.

• Proceedings of the KIEE Conference
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• 2002.07a
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• pp.377-379
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• 2002

This paper provides a new approach for the load-focused transmission marginal loss factors(MLF). It can be widely applied to power system operations and pricing mechanism in a competitive electricity market. The load-focused MLF is the ratio of required additional generation at a reference bus to the demand increments at a arbitrary bus. The new approach to determine the load-focused MLF was developed under some practically endurable assumptions. Although the suggested method is very similar to the conventional penaty factors in its concept, the method is more efficient than the existing heuristic method for the load-focused MLF. To show its effectiveness and efficiency, numerical test have been performed in IEEE 14-bus system.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.50 no.7
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• pp.333-339
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• 2001

The transmission networks are not perfect conductors and a percentage of the power generated is therefore lost before it reaches the loads. This network loss effects to the cost of suppling power to consumers, and must be considered if the most efficient dispatch and location of generators and loads is to be achieved. In this paper, we propose an approximate calculation of marginal loss factors to analyze characteristics of transmission loss of KEPCO power system. These static marginal loss factors are approximately calculated based on the KEPCO's expected summer peak load data of year 2000.

• Proceedings of the KIEE Conference
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• 2007.07a
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• pp.838-839
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• 2007

전력산업의 시장구조는 과점형태의 불완전 경쟁의 구조로 해석하는 것이 일반적이다. 또한 전기의 물리적 특성상 송전선로에서는 전력손실이 발생하게 되는데, 본 논문은 과점시장 모델로서 쿠르노(Cournot)모델을 사용하여 손실을 포함한 내쉬 균형점을 해석한다. 지역별 한계가격(Locational Marginal Price ; LMP)와는 달리 계통한계가격(System Marginal Price ; SMP)는 손실에 대한 가격신호를 시장에 반영하기 어렵기 때문에 손실과 함께 한계송전손실계수(Marginal Loss Factor ; MLF)를 적용하여 균형상태의 시장거래가치를 비교분석한다.

• KIEE International Transactions on Power Engineering
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• v.5A no.2
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• pp.193-198
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• 2005

This paper proposes a new method to handle transmission line losses using loss distribution factors (LDF) rather than marginal loss factors (MLF) in electricity market operation. Under a competitive electricity market, the bidding data are adjusted to reflect transmission line losses. To date the most proposed approach is using MLFs. The MLFs are reflected to bidding prices and market clearing price during the trading and settlement of the electricity market. In the proposed algorithm, the LDFs are reflected to bidding quantities and actual generations/ loads. Computer simulations on a 9-bus sample system will verify the effectiveness of the algorithm proposed. Moreover, the proposed approach using LDFs does not make any payments residual while the approach using MLFs induces payments residual.