The Transactions of the Korean Institute of Electrical Engineers A (대한전기학회논문지:전력기술부문A)

The Korean Institute of Electrical Engineers (대한전기학회)
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The uses of Optimal Power Flow in Competitive Electric Power market

경쟁적 전력시장 하에서의 최적조류계산 응용에 관한 연구

  • 허돈 (서울대 공대 전기공학부) ;
  • 박종근 (서울대 공대 전기공학부) ;
  • 김발호 (홍익대 공대 전자전기공학부)
  • Published : 2001.08.01
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Abstract

This paper shows that we can make simple modifications to an existing optimal power flow(OPF) algorithm that minimizes generation costs in order to solve the maximization of social welfare objective of the OPF in a competitive electric power market. We have illustrated the potential for the use of OPF in light of the marked impacts on nodal prices and generation/demand allocation levels among competing suppliers. This paper can provide all market players with the transparent information that ensures sufficient control over producers and consumers in case of economic of secure operation with transmission line outage while maximizing the sum of participants social benefit of participating in the electricity energy market.

Keywords

References

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