• The Transactions of the Korean Institute of Electrical Engineers P
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• v.63 no.3
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• pp.131-137
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• 2014

It is expected that there will be delay of scheduled transmission network reinforcement and huge investment of renewable energy resources in Korea. As transmission capacity expansion delayed, supplying power to Seoul metropolitan area will not be increased as scheduled. In addition, uncertain renewable energy out of Seoul metropolitan area can cause transmission congestion in the future power system. These two combining effects will make the difference in locational marginal prices(LMP) and congestion costs increase. In that sense, this paper will analyze how much the congestion costs for Korea power system are incurred in the future power system. Most of previous approaches to analyze the congestion costs for electric power system are based on the optimal power flow model which cannot deal with hourly variation of power system. However, this study attempted to perform the analysis using market simulation model(M-Core) which has the capability of analyzing the hourly power generation cost and power transmission capacity, and market prices by region. As a result, we can estimate the congestion costs of future power system considering the uncertainty of renewable energy and transmission capacity.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.60 no.2
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• pp.257-265
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• 2011

As the competitive market system has been introduced to the electrical power trade, the priority concern would be that the price of electrical power should be reasonable. It is because, when this rule is solid, we can avoid the distortion of competition and assure the greater efficiency in management. LMP(Locational Marginal Price) means marginal price at each bus. This components consist of energy, loss and congestion cost. At this point, the LMP result that is calculated by traditional model is changeable by the location of the slack and can not be used in bilateral Transaction. This paper proposed algorithm is proved its rationality and credibility by comparing the result of the simulation of virtual 6_bus system that is calculated by traditional method, and showed that the LMP components are changed according to the Transaction Strategy. Furthermore, It shows the effect of additional congestion cost on the transmission line that has bottle neck frequently by simulation.

• Proceedings of the KIEE Conference
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• 2006.07a
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• pp.365-367
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• 2006

송전망은 전력수송을 가능하게 함으로써, 경쟁적 전력시장을 지지하는 하부구조의 역할을 한다. 하지만 송전망은 여러 제약조건에 의해 수송 한계에 다다를 수 있고 이렇게 공급능력의 한계를 벗어남으로써 발생한 송전혼잡은 전체 계통운영에 있어서 비용 상승을 일으킨다. 본고에서는 송전선로 내 혼잡이 가격에 미치는 영향을 알고 그로 인한 각 모선의 LMP(Locational Marginal Price) 형성에 대해 세부적으로 연구하였다. 그리고 입찰방법을 단순히 이상적인 상창이 아닌 송전 혼잡으로 인해 전력 공급자가 시장지배력을 갖게 되었을 경우에 대하여 적절한 입찰전략의 필요성을 언급하고 가능한 방법을 생각해 보았다.

• Proceedings of the KIEE Conference
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• 2008.07a
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• pp.153-154
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• 2008

This paper presents a window-based software package for the education and training for the reduction of power system by using locational marginal price (LMP), clustering, and similarity indices of each bus. The developed package consists of three modules: 1) the LMP module, 2) the Clustering module and 3) the Reduction module. Each module has a separated and interactive interface window. First of all, LMPs are created in the LMP module, and then the Clustering module carries out clustering based on the results of the LMP module. Finally, groups created in this Clustering module are reduced by using the similarity indices of each bus. The developed package displays a variety of tables for results of the LMPs of base network, voltages, phases and power flow of reduced network so that the user can easily understand the reduction of network. To demonstrate the performance of the developed package, it is tested for the IEEE 39-bus power system.

• Journal of Electrical Engineering and Technology
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• v.9 no.3
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• pp.803-811
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• 2014

The moment when Electrical Vehicle (EV) starts charging or discharging is one of the most important parameters in estimating the impact of EV load on the grid. In this paper, a decision-making problem of determining the start time of charging and discharging during allowed period is proposed and studied under the uncertainty of real-time price. Prospect theory is utilized in the decision-making problem of this paper for it describes a kind of decision making behaviors under uncertainty. The case study uses the parameters of Springo SGM7001EV and adopts the historical realtime locational marginal pricing (LMP) data of PJM market for scenario reduction. Prospect values are calculated for every possible start time in the allowed charging or discharging period. By comparing the calculated prospect values, the optimal decisions are obtained accordingly and the results are compared with those based on Expected Utility Theory. Results show that with different initial State-of-Charge ($SoC_0$) and different reference points, the optimal start time of charging can be the one between 12 a.m. to 3 a.m. and optimal discharging starts at 2 p.m. or 3p.m. Moreover, the decision results of Prospect Theory may differ from that of the Expected Utility Theory with the reference points changing.

• Environmental and Resource Economics Review
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• v.17 no.3
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• pp.167-199
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• 2008

There are many successful cases in power interconnection among European and South American countries. However, that is not the case in Northeast Asian countries. Even though there will be a considerable benefit in power interconnection in Northeast Asian countries, there will be some difficulties due to various interest relationship and constraints among countries in Northeast Asia. GTMax(Generation and Transmission Maximization) Program is a very useful tool to analyze competitive electricity market and power interconnection developed by Argonne National Laboratory under the Department of Energy in the USA. This study tried to verify applicability and usefulness by GTMax model to domestic electric power system and power transfer from Russia Far East by power interconnection. When the power by importing from Russia is 2,000MW(around 2% of domestic installed capacity in 2017), there is no impact on domestic electricity market because of small power transfer. The power by importing should be large enough for achieving greater cost reduction by power interconnection. Besides, it would be better to supply power to Kyung-In region directly in reducing overall cost when the power by importing from Russia are sold at low price. In the case of interconnecting Young-Dong region, if it is not possible to upgrade transmission line with power transfer capabilities between Young-Dong and Kyung-In region, then the power by importing from Russia can replace the power produced in Jung-Bu region and the relative benefit of importing power can be reduced.