• Proceedings of the KIEE Conference
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• 2002.07a
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• pp.435-437
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• 2002

This Paper presents the technical perspective on the Real Time Pricing(RTP). So far customer has no control on the electricity pricing. But the price hike in California makes changes in the electricity demand and pricing. In such environments. RTP has become an important role in Demand Side Management. Here the system configuration, advantages of RTP are described. Also the relationship between RTP and AMR is considered.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.60 no.2
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• pp.266-272
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• 2011

Real Time Pricing(RTP) is used not only to stabilize the price volatility in electricity market, but to hedge the price risk for Load Serving Entity(LSE). This paper presents an efficient method to reduce the risk of the price volatility in real-time electricity market. For designing the RTP, load patterns of customer are calculated by applying the demand elasticity and customer's utility is also analyzed to compute the RTP revenue through the risk-attribute of the LSE. In the end, the distribution of the LSE's profits can be evaluated to lead the optimal RTP value, depending on the level of customer's participation. Results from the case study based on PJM data are reported to illustrate the proposed method.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.3
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• pp.306-311
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• 2013

The Real-Time-Pricing (RTP) brings greatest values in terms of economic incentives and efficiency among the dynamic pricing schemes. The electric power industry in Korea is mainly operated by publicly owned utilities and strongly regulated by the government; therefore, revenue reconciliation of RTP is inevitably required to prevent revenue deficits. In this paper, a revenue reconciliation of real-time pricing considering imperfect information on customer response is proposed to prevent revenue deficit and distortion of the spot price. A case study is present to verify the applicability of the proposed method.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.6
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• pp.804-809
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• 2012

This paper presents the economic impact of consumer participation in Real-Time Pricing (RTP). A computer model was developed to analyze the impact of real-time pricing on the average price, electricity sales, and the social welfare. Four revenue reconciliation alternative were introduced to illustrate the effect of RTP. Finally a case study was done to analyze the consequent impact of the dynamic load profile on the long-term fuel mix, and the results were compared with those of $5^{th}$ national power development plan.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.12
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• pp.2165-2172
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• 2010

This paper presents the operation algorithm of microgrid on the Real Time Pricing(RTP) for building the smart grid. RTP is higher power price variability than flat rate and time of use. However it has an effect on peak clipping and peak load shifting due to the increased price on peak time power demand. When the RTP are applied to the microgrid system, the proposed algorithm is able to be effective and economic operation. The implemented system is operated for the economic operation in microgrid connected with the power system. On the other hand, when the microgrid is operated on isolation mode, it focus on the improvement of stability and the power supply reliability of the sensitive loads. The test system are implemented and calculated on various operation modes based on non-dispachable generator output and RTP data for validating the proposed operation algorithm. The calculated results are compared to the implemented results using real-time simulator. It can be confirmed that the proposed operation system are identical results to the calculated one. When the proposed operation algorithm is applied to the system, it can be show the effectiveness of the peak clipping and peak load shifting and the improvement of economic feasibility.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.63 no.7
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• pp.889-895
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• 2014

Korea electric power industry had been under vertical monopoly but is typically getting restructured for free competition. An ideal pricing system under the competitive market system is 'unbundled pricing system' and 'marginal pricing system', but the current pricing system still adheres to the traditional bundled system and the average cost pricing system. Especially, progressive electricity rates for residential use reflect governmental policy-making which is focused on income redistribution & welfare, industrial supports and energy saving. This study proposes new and reasonable residential electricity pricing systems which are Time-Of-Use (TOU) and Real-Time Pricing (RTP) to reflect variations in the wholesale price of electricity. It also presents examples of various tariffs for residential electricity pricing systems.

• Proceedings of the KIEE Conference
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• 2011.07a
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• pp.73-74
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• 2011

수요반응은 스마트 그리드 솔루션 중에 하나로 각광 받고 있다. 수요반응의 종류가 다양하지만 스마트 그리드 구축을 위한 AMI (Advanced Metering Infrastructure)의 확대 보급이 예상됨에 따라 RTP(Real Time Pricing) 프로그램에 대한 관심이 증가하고 있다. 본 논문에서는 국외의 RTP 시행 사례들을 통해 RTP 방법과 효과를 분석하였고, 이를 바탕으로 국내 적용 방안에 대해 제안하였다.

• Environmental and Resource Economics Review
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• v.24 no.1
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• pp.225-249
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• 2015

There are growing interests in the introduction of consumer's selective electricity tariff systems in order to enhance demand response in electricity market in Korea. Real time pricing (RTP) and Time of Use (TOU) are typical examples of demand response system through which electricity price is linked to real time demand. This paper adopts an agent-based model to analyze the effects of such demand system on the counsumers' electricity costs. The result shows that real time pricing system is effective to reduce electricity costs of consumers by providing more flexible tariff system, depending on each consumer's demand pattern. This finding could be used as a basis for supporting smart grid system in the presence of responsive demand environment.

• Proceedings of the Korea Information Processing Society Conference
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• 2012.11a
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• pp.1311-1314
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• 2012

최근에는 LED 조명으로 인해 조명 제어의 유연성이 높아짐에 따라 가정이나 사무공간에서 해당 공간의 목표 조도를 설정하고 현재 내부조도의 상황에 따라 자동으로 조명을 디밍하는 형태로 연구가 이루어지고 있다. 그러나 이러한 제어방식이 현재 주택용 요금제도로 운영 중인 고정요금제에서는 에너지 비용을 감소시키나, 스마트그리드에서 운영될 RTP(Real Time Pricing)에서는 요금 단계에 따라 오히려 에너지 비용이 증가될 수 있다. 이에 본 논문은 실시간 요금 단계에 따라 LED 조명의 목표 조도를 가변적으로 변화시켜 조명 에너지 비용을 최소화하고 사용자의 작업에 적합한 상황별 조도를 자동으로 제어하여 작업자에게 편리함을 제공하고자 한다. 이때 요금 단계에 따른 상황별 최저 및 최고 조도기준은 KSA 3011 및 IES를 참조하며, 최소한의 조명 에너지 사용을 위해 외부 광량을 최대한 활용하여 현재의 시간에 따라 블라인드의 Open/Close를 자동으로 서비스한다. 사용자의 상황은 PIR, Electric Powermeter, Piezoelectric 센서로부터 사용자의 위치, 가전기기 사용 유무, 착석 여부 등을 파악하고, RTP 요금에 따라 하루동안의 조명에 사용된 전력요금을 시뮬레이션한다.

• Korean System Dynamics Review
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• v.6 no.1
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• pp.99-123
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• 2005

Although the generation market is competitive, the power market is easily exercised the market power by one generator due to its special futures such as a limited supplier, large investment cost, transmission constraints and loss. Specially, as Korea Electric industry restructuring is similar US competitive wholesale electricity market structure which discovered the several evidences of market power abuse, when restructuring is completed the possibility that market power will be exercised is big. Market power interferes with market competitions and efficiency of system. The goal of this study is to investigate the market price effects of the potential market power and the proposed market power mitigation strategy in Korean market using the forecasting wholesale electricity market model. This modeling is developed based on the system dynamics approach. it can analyze the dynamic behaviors of wholesale prices in Korean market. And then it is expanded to include the effect of market condition changed by 'strategic behavior' and 'real time pricing.' This model can generate the overall insights regarding the dynamic impact of output withholding by old gas fire power plant bon as a marginal plant in Korean market at the macro level. Also it will give the energy planner the opportunity to create different scenarios for the future for deregulated wholesales market in Korea.