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

The Korean Institute of Electrical Engineers (대한전기학회)
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An Assessment of Local Market Power and Bid Cap Under Uniform Pricing Scheme

Uniform Pricing하에서의 지역적 완화방안으로서의 Bid Cap

  • 신영균 (홍익대 전기정보제어공학과) ;
  • 김발호 (홍익대 전기정보제어공학과) ;
  • 전영환 (홍익대 전기정보제어공학과)
  • Published : 2003.10.01
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Abstract

With the growing competitive pressure from market participants, utilities, consumer and government, analyses of existing competitive electricity market become more important. The presence of congestion in the transmission system can significantly increase the potential of exercising market power. Since the congestion in the network depends on the several factors, the market power cannot be simply analyzed through the existing indices. This paper presents a systematic analysis on local market power under uniform pricing scheme and provides determining approach of the level of price cap as mitigation measure of the strategic market power.

Keywords

References

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