• New & Renewable Energy
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• v.17 no.2
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• pp.1-8
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• 2021

We estimated the price range of electricity transactions under the prosumer system, considering the spread of renewable energy and the prospect of introducing a surplus power trading system between power consumers in Korea. The range (min/max) of power transaction prices was estimated by prosumers and consumers who could purchase electricity from utilities if needed. It is assumed that utilities purchased electricity from prosumers and consumers under a Time-of-Use (TOU) rate, trading at a monthly price. The range of available transaction prices according to the amount of power purchased from utilities and the amount of transaction power was also estimated. The price range that can be traded is expected to vary depending on variables such as the TOU rate, purchased and surplus power, levelized cost of electricity, etc.

• The Journal of Korea Institute of Information, Electronics, and Communication Technology
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• v.13 no.6
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• pp.590-596
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• 2020

In the island areas where system connection with the commercial power grid is difficult, it is quite important to find a method to efficiently manage energy produced with independent microgrids. In this paper, a prosumer management system for P2P power transaction was realized through the testing the power meter and the response rate of the collected data for the power produced in the small-scale microgrids in which hybrid models of solar power and wind power were implemented. The power network of the microgrid prosumer was composed of mesh structure and the P2P power transaction was tested through the power meter and DC power transmitter in the off-grid sites which were independently constructed in three places. The measurement values of the power meter showed significant results of voltage (average): 380V + 0.9V, current (average): + 0.01A, power: 1000W (-1W) with an error range within ±1%. Stabilization of the server was also confirmed with the response rate of 0.32 sec. for the main screen, 2.61 sec. for the cumulative power generation, and 0.11 sec for the power transaction through the transmission of 50 data in real time. Therefore, the proposed system was validated as a P2P power transaction system that can be used as an independent network without transmitted by Korea Electric Power Corporation (KEPCO).

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.21 no.6
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• pp.163-171
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• 2021

In this paper, the energy transaction system was optimized by applying a resource allocation algorithm and deep reinforcement learning in the distributed power system. The power demand and supply environment were predicted by deep reinforcement learning. We propose a system that pursues common interests in power trading and increases the efficiency of long-term power transactions in the paradigm shift from conventional centralized to distributed power systems in the power trading system. For a realistic energy simulation model and environment, we construct the energy market by learning weather and monthly patterns adding Gaussian noise. In simulation results, we confirm that the proposed power trading systems are cooperative with each other, seek common interests, and increase profits in the prolonged energy transaction.

• Journal of Arbitration Studies
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• v.30 no.4
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• pp.139-161
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• 2020

In this study, the factors affecting opportunism that causes conflict in the franchise system between franchisor and franchisee were analyzed based on the transaction cost theory and power-dependency theory. Hypothesis 1 states that franchisor support will negatively affect opportunism. Hypothesis 2 expresses that franchisee transaction-specific investment on the relationship with the franchisor will positively affect opportunism. Hypothesis 3 asserts that franchisee dependency on the franchisor will positively affect opportunism. All of these were supported. However, Hypothesis 4, maintaining that franchisee competitive intensity will positively affect opportunism, was not supported. The theoretical and practical implications of this study are as follows. This study has identified the antecedents of franchisor opportunism that causes conflict in the franchise system by comprehensively applying the transaction cost theory and power-dependency theory. This study can also identify what a company should manage specifically to lower opportunism by identifying the antecedents of franchisor opportunism in the franchise system. The limitations of this study and the directions for future studies are as follows. First, not all of the antecedents of franchisor opportunism in the franchise system have been extensively investigated from the transaction cost theory's and power-dependency theory's viewpoint. In the future, it is necessary to identify additional factors. Second, the study was conducted only from the franchisee's perspective. In future studies, more accurate research results can be obtained by simultaneously examining the franchisee's point of view and the franchisor's point of view.

• Proceedings of the KIPE Conference
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• 2003.07a
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• pp.410-414
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• 2003

In this paper, the virtual-reality system is tried to developed, which controls not only the sense of sight and hearing but also the sense of touch, In order to develope the sense of touch in this study, the stable tactual transaction-system, based on summing up the basic algorithm and theory, is embodied. The hardware of this system consists of the 6DOF haptic interface, a controller and a driver In the case of the software, the proxy algorithm is applied for the force-transaction and the mopping algorithm is used for graphic transaction. In addition to this, the imaginary-device driver is utilized for controlling the system and manager-class is also included in this system to manage the position-change and the like. Consequently, the proxy algorithm Is applied, which makes the system possible to be more stable and prompt with and imaginary object. Moreover, the impulse-algorithm is applied to work out a problem which the tactual transaction-period is different from the graphic transaction-period.

• 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.

• The Transactions of the Korea Information Processing Society
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• v.6 no.11
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• pp.2845-2862
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• 1999

As the technical advances in portable computers and wireless communication technologies, mobile computing environment has been rapidly expanded. The mobile users on mobile host can access information via wireless communication from the distributed heterogeneous multidatabase system in which pre-existing independent local information systems are integrated into one logical system to support mobile applications. Hence, mobile transaction model should include not only the features for heterogeneous multidatabase systems but also the ones for mobile computing environment. In this paper, we proposed a mobile flex transaction model which extends the flexible transaction model that previously proposed for heterogeneous multidatabase systems is extended to support the requirements of mobile heterogeneous multidatabase systems. We also presented the execution control mechanism of the mobile flex transaction model. The proposed mobile flex transaction model allows the definition of location-dependent subtransactions, the effective support of hand-over, and the flexibility of transaction executions. Hence, the proposed mobile flex transaction model can be suit to mobile heterogeneous multidatabase systems that have low power capability, low bandwidth, and high communication failure possibility.

• Journal of Electrical Engineering and Technology
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• v.2 no.2
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• pp.194-200
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• 2007

The deregulation problem has recently attracted attentions in a competitive electric power market, where the cost must be earmarked fairly and precisely for the customers and the Independent Power Producers (IPPs) as well. Transmission loss is an one of several important factors that determines power transmission cost. Because the cost caused by transmission losses is about $3{\sim}5%$, it is important to allocate transmission losses into each bus in a power system. This paper presents the new algorithm to allocate transmission losses based on an integration method using the loss sensitivity. It provides the buswise incremental transmission losses through the calculation of load ratios considering the transaction strategy of an overall system. The performance of the proposed algorithm is evaluated by the case studies carried out on the WSCC 9-bus and IEEE 14-bus systems.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.49 no.6
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• pp.266-271
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• 2000

The electric power industries are moving from the conventional monopolistic or vertically integrated environments to deregulated and competitive environments, where each participant is concerned with profit maximization rather than system-wide costs minimization. Consequently, the conventional least-cost approaches for the generation resource schedule can not exactly handle real-world situations. This paper presents a game theory application for analyzing power transactions and market design in a deregulated energy marketplace, where the market participants determine the net profits through the optimal bidding strategies. The demand elasticity of the energy price is considered for the realistic modeling of the deregulated marketplace.

• KIEE International Transaction on Electrical Machinery and Energy Conversion Systems
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• v.3B no.2
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• pp.103-110
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• 2003

With significant development of power electronics technology, the proliferation of nonlinear loads such as static power converters has deteriorated power quality in power transmission and distribution systems. Notably, voltage harmonics resulting from current harmonics produced by the nonlinear loads have become a serious problem in many countries. Many photovoltaic power generation systems installed in building systems have harmonics that are the worst object for distribution systems as a utility interactive system, and it tends to spread out continuously. Proposed and implemented in this paper is a multi-function inverter control strategy that allows a shunt active filter function to the power inverter of the photovoltaic power generation system established on a building system. The effectiveness of the proposed system is demonstrated through the simulation of a hypothetical power system using PSCAD/EMTDC.