• Environmental and Resource Economics Review
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• v.21 no.1
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• pp.93-127
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• 2012

We estimate how much KEPCO can save their loss and how much social welfare can be increased by applying the real-time pricing instead of current regulated retail price in the electricity market in order to analyze the problem of the regulated retail price which is fixed below the marginal cost. We estimate the demand functions of peak time and off-peak time in summer (June to August) and winter (December to February). We construct the supply function based on hourly step-wise linear marginal cost functions, too. We find that the increase of social welfare will be 67 billion won in summer if the fixed retail price is changed into the real-time pricing scheme. The total 705 billion won will be transferred from consumer surplus to producer surplus and the rest (67 billion won) will be saved from the reduction of deadweight loss among KEPCO's loss. In winter, the increase of social surplus will be 225 billion won and 1,174 billion won of KEPCO's loss will be transferred from consumer surplus. As a result, we conclude that the regulation of the retail price in the electricity market induces the social welfare loss and KEPCO suffers a huge loss.

• Proceedings of the KIEE Conference
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• 2009.07a
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• pp.355_356
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• 2009

대용량 고객의 전용선로는 건설을 고객이 하고, 유지보수 책임 또한 고객에게 있어, 잦은 전용선로 고장 및 변전소 정전시 대규모 손실 발생하는바, 대용량 기업고객과 한전간의 전력공급서비스체계를 분석하고, 문제점 파악 및 해외사례 조사를 통해 개선방안을 도출하고, 개선방안과 관련한 구체적인 Action Plan을 제시하여 최적의 전력인프라 구축과 효율적인 전기공급을 통해 친기업 환경을 조성하고 고객설비 신뢰도 향상을 통한 정전 및 고장시간 감소로 사회적인 손실을 최소화하여 국가경쟁력 제고에 기여코자 한다.

• KEPCO Journal on Electric Power and Energy
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• v.3 no.2
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• pp.73-78
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• 2017

Recently, a number of foreign electric power companies including domestic Korea Electric Power Corporation (KEPCO) have actively engaged in the construction of a power grid with the concept of a smart grid. The Smart grid is a technology that increases the efficiency of the power by converging the information network with the power grid. It can maximize the energy efficiency through the two-way communication between the utility and the consumer. However, as the power grid converges with the information and communication network, security threats are increasing more than existing power grids. Due to the nature of the power grid, the damage caused by security threats is not only personal privacy but also economic loss of society. So smart grid becomes the target of hackers. In this paper, we discuss security vulnerabilities of Advanced Metering Infrastructure (AMI), which is a core technology of smart grid construction, and the corresponding security technologies to prevent security damage of smart grid.