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http://dx.doi.org/10.5207/JIEIE.2008.22.6.134

Analysis of the Economic Impact of the Change in Congestion Management in the Korean Electricity Market  

Joo, Sung-Kwan (고려대학교 전기전자전파공학부)
Kim, Ji-Hui (고려대학교 전기전자공학과 대학원)
Moon, Guk-Hyun (고려대학교 전기전자공학과 대학원)
Publication Information
Journal of the Korean Institute of Illuminating and Electrical Installation Engineers / v.22, no.6, 2008 , pp. 134-140 More about this Journal
Abstract
A switch in congestion management nile in an electricity market may have positive or negative impact on the surplus of a market participant. As a number of wholesale electricity markets around the world either have already adopted or plan to implement Locational Marginal Pricing (LMP) for energy and congestion management, it is necessary to study the economic impact of a change in congestion management in the Korean electricity market. However, the impact of congestion management on consumer costs and generator surplus has not been studied for the electricity market in Korea. This paper examines how a change in congestion management affects consumer costs and generator surplus in the Korean electricity market.
Keywords
Electricity Market; Locational Marginal Pricing; Transmission Congestion;
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