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Settlement Technique of Constrained On/Off Compensation Amount using Surplus Function in Electricity Market  

국경수 (한국전기연구원)
문영환 (한국전기연구원)
오태규 (한국전기연구원)
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Abstract
ln competitive electricity market, useful technique would be required to calculate settlement amount for electric power traded between market participants and KPX since a number of market partici-pants would appear and trade electric power. Especially calculation of constrained on/off compensation amount can be complicated, and needs to be understood clearly by market participants to avoid unnecessary disputes. This paper presents a technique to settle more easily constrained on/off compensation amount using surplus function. In this technique, a surplus is calculated by each dispatched values and then the compen-sation amount is calculated by the difference of each surpluses. By doing this, settlement amount can be cal-culated by summing the trading amount and the compensation amount.
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