Proceedings of the KIEE Conference (대한전기학회:학술대회논문집)

The Korean Institute of Electrical Engineers (대한전기학회)
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A Study on the Mitigation pf Market Power using Contingent Transmission Rights in Competitive Electricity Markets

경쟁적 전력시장에서 Contingent Transmission Right을 이용한 지역적 시장지배력 완화방안

  • 박중성 (홍익대학교 전기정보제어공학과) ;
  • 김경민 (홍익대학교 전기정보제어공학과) ;
  • 정구형 (홍익대학교 전기정보제어공학과) ;
  • 한석만 (홍익대학교 전기정보제어공학과) ;
  • 김발호 (홍익대학교 전기정보제어공학과)
  • Published : 2005.11.18
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Abstract

Transmission congestion is one of the key factors to local market power in competitive electricity markets. Financial transmission rights provide the financial protection to their holders by paying back the congestion cost. However, the market participants who have market power can exacerbate their market power. Due to the exacerbated market power, this paper analyzes the mitigation of local market power using Contingent transmission rights on the market price. Contingent transmission rights provide not only the financial protection but also regulative penalty. The proposed methodology was demonstrated with the Optimal Power Flow(OPF).

Keywords