• The Transactions of the Korean Institute of Electrical Engineers A
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• v.55 no.12
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• pp.536-543
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• 2006

This paper uses Monte Carlo technique, which is one of probabilistic methods of estimating the economical quantity of electric power generation in consideration of voltage stability in the aspect of power generation companies. In the power exchange system in Korea, when power generation companies participate in tenders for power generation capacity at the power exchange, they need to determine their power supply capacity considering the stability of electric power system. Thus, we purposed to propose an algorithm for estimating economical power generation capacity in theaspect of power generation companies, through which we can estimate the margin for voltage stability through P-V curve analysis by capacity according to the change of power generation capacity in a simulated system and to conduct Monte Carlo simulation in consideration of the margin

• Journal of IKEEE
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• v.23 no.2
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• pp.469-473
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• 2019

In the case of renewable generation resources, the supply capacity is determined by the climate and environment factors unlike the existing generators. Therefore, it is necessary to calculate the capacity vlaue for estimating the supply capacity of renewable generation sources. In this paper, a case study on the estimation method of capacity vlaue of renewable generation resources and a verification using data of Jeju-Island power system are presented. This paper is different from the existing researches because of estimating the capacity value of renewable generation resources for the Jeju-Island power system, which has a high ratio of renewable generation.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.57 no.1
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• pp.34-39
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• 2008

Nash Equilibrium(NE) is essential to investigate a participant's bidding strategy in a competitive electricity market. Congestion on a transmission line makes it difficult to compute the NE due to causing a mixed strategy. In order to compute the NE of a multi-player game, some heuristics are proposed with concepts of a key player and power transfer distribution factor in other studies. However, generation capacity constraints are not considered and make it more difficult to compute the NE in the heuristics approach. This paper addresses an effect of generation capacity limits on the NE, and suggest a solution technique for the mixed strategy NE including generation capacity constraints as two heuristic rules. It is reported in this paper that a role of the key player who controls congestion in a NE can be transferred to other player depending on the generation capacity of the key player. The suggested heuristic rules are verified to compute the mixed strategy NE with a consideration of generation capacity constraints, and the effect of the generation constraints on the mixed strategy NE is analyzed in simulations of IEEE 30 bus systems.

• Journal of Electrical Engineering and Technology
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• v.10 no.4
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• pp.1460-1470
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• 2015

This paper presents an approach to solve the long-term generation expansion planning problem of the restructured electricity industry using an agent-based environment. The proposed model simulates the generation investment decisions taken by a particular agent (i.e. a generating company) in a market environment taking into account its competitors’ strategic investment. The investment decision of a particular company is modeled taking into account that such company has imperfect foresight on the future system development hence electricity prices. The delay in the construction of new plants is also explicitly modeled, in order to compute accurately the yearly revenues of each agent. On top of a conventional energy market, several capacity incentive mechanisms including capacity payment and capacity market are simulated, so as to assess their impact on the investment promotion for generation expansion. Results provide insight on the investment cycles as well as dynamic system behavior of long-term generation expansion planning in a competitive electricity industry.

• The Transactions of the Korean Institute of Electrical Engineers P
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• v.59 no.1
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• pp.100-105
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• 2010

This paper describes a capacity of distributed generation which will be interconnected at low voltage distribution systems. In order to set the capacity of distributed generation, a voltage variation of distribution system is considered. Besides, the capacity of distributed generation is classified according to a capacity of pole transformer and loads. The system constructions in this paper are analyzed by using PSCAD/EMTDC. In the immediate future, it is expected to increase the installation of New and renewable energy systems which are generally interconnected to distribution power systems in the form of distributed generations like photovoltaic system, wind power and fuel cell. So the study of this kind would be needed to limit the capacity of distributed generation.

• Journal of The Korean Society of Agricultural Engineers
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• v.52 no.6
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• pp.1-7
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• 2010

This study was carried out to investigate the effect of hydro power factors (e.g., irrigation area, watershed area, active storage, gross head) on annual generation capacity and operation ratio for agricultural reservoirs in Chungbuk Province with active storage of over 1 million $m^3$. The annual generation capacity and operation ratio were estimated using HOMWRS (Hydrological Operation Model for Water Resources System) from last 10-year daily hydrological data. The correlation coefficients between annual generation capacity and the hydro power factors except gross head were high (over 0.87), but the correlation coefficients between operational rate and the factors were low (below 0.28). The optimum multiple regression equations of the annual generation capacity were expressed as the functions of watershed area, active storage, and gross head. Also, the simple regression equation of annual generation capacity was expressed as a function of watershed area. The average relative root-mean-square-error (RRMSE) between observed and estimated values by the optimum multiple regression equations was smaller than that by the simple regression equation, suggesting that the former has more accuracy than the latter.

• New & Renewable Energy
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• v.7 no.2
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• pp.28-35
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• 2011

Recently, photovoltaic systems have been devolved into much larger systems up to MW-scale. Photovoltaic industry participants give their focus on power generation capability of photovoltaic modules because their benefits can be decided from the amount of generation. The information on long-term performance change of photovoltaic modules helps to estimate the amount of power generation and evaluate the economic cost-benefits. Long-term performance of a PV system has been analyzed with operation data for 12 years from 1999 to 2010. In the first year, the amount of yearly power generation was 57.7 MWh with 13.2% capacity factor. In 2007, the amount of yearly generation was 44.3 MWh with 10.14% capacity factor, and in 2010, the amount was decreased down to 38.1 MWh with 8.7% capacity factor. The result means that long-term capacity factor has been 4.5% decreased for 12 years and that the amount of generation has been decreased 34.0% for 12 years which is 2.8 % per year. The latter capacity factor has been decreased faster than 0.20%, the average rate for 10 years. The performance decrease of the PV system is meant to be accelerated. The decrease of performance and utilization is due to aged deterioration of photovoltaic modules and lowering conversion efficiency of PCS.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.56 no.7
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• pp.1199-1204
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• 2007

In a cost based pool market, the generation capacity can be used as strategic bids by generation companies (Gencos) with the cost functions open to the market. Competition using strategic capacities is modeled by Cournot and Perfect Competiton (PC) model, and transformed into two by two payoff matrix game with Gencos' decision variables of Cournot and PC model. The payoff matrices vary when capacity payments are given to Gencos in accordance with their capacity bids. Nash Equilibrium (NE) in the matrices also moves with capacity price changes. In order to maximize social welfare of the market, NE should locate in a certain position of the payoff matrices, which corresponds to a PC NE. A concept of a critical capacity price is proposed and calculated in this paper that is defined as a minimum capacity price leading to PC NE. The critical capacity price is verified to work as a tool for suppressing a strategic capacity withholding in simulations of a test system.

• Proceedings of the KIEE Conference
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• 2002.11b
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• pp.277-279
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• 2002

Recently, power requirement has been increasing. But the large generation unit is hardly installed because of economic and environment problem. Therefore, the concern for DG(distributed generation) is growing. Present, allowable interconnection capacity of DG for composite distributed generation is studied. In this paper, it is studied that the new interconnection capacity of DG for composite distribution system interconnected DG. We study new allowable interconnection capacity by power factor and placement. We study SERV(sending end reference voltage) variation and allowable interconnection capacity interconnected new DG.

• 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.