• 대한전기학회:학술대회논문집
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• 대한전기학회 2001년도 춘계학술대회 논문집 전력기술부문
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• pp.108-111
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• 2001

The electric power industries in Korea are launched into deregulation by introducing the CBP(Cost Based Pool), where generation sector of KEPCO was divided into six generation companies and the other sectors of KEPCO remains vertically integrated system. In deregulated market, participants are concerned with maximization of their profit rather than minimization of system-wide costs. Consequently, there are difficulties in applying the cost minimization for the scheduling of generation resources to CBP, because of the operation of pumped-storage hydroplants. This paper presents an operation method of pumped storage hydroplants which is helpful for the economic operation of power system considering the market in the CBP.

• 자원ㆍ환경경제연구
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• 제23권4호
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• pp.617-641
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• 2014

2001년에 개설된 우리나라 전력도매시장은 변동비 반영(CBP) 시장으로 발전기들의 비용절감 유인을 통해 전력생산 비용 최소화를 추구하고 있다. 국내 발전사들은 발전비용 절감을 위한 다양한 노력을 기울여 왔고, 발전연료 구매비용의 인하, 고효율 발전기 도입, 수요지에 인접한 발전소 건설 등이 그 결과로 나타나고 있다. 최근 전력시장 제도개선의 일환으로 계통한계가격(SMP)에서 무부하비용 등을 제외하는 방식에 대한 논의가 제기되고 있다. 본 연구에서는 SMP에서 무부하비용 등을 제외한 후 손실발전기를 별도로 보상하는 방안이 발전사의 비용절감 유인에 미치는 영향을 분석하였다. 그 결과 가격결정 구간에 위치한 LNG복합 발전기들의 비용절감 유인이 위축될 가능성이 높은 것으로 나타났다.

• 전기학회논문지
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• 제57권9호
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• pp.1531-1535
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• 2008

In the past vertically integrated power system, the power utility forecasted power demand and invested new power plants to keep a system adequacy. However, in the competitive electricity markets, a principle part of the capacity investment is market participants who decided the investment to maximize their profit. Especially, one of the main factors in their long-term decision making is the retrieval of fixed costs (construction costs). This paper presents the capacity payment in electricity power markets. The capacity payment (CP) in Cost Based Pool (CBP) is needed to recover fixed costs. However, CP in CBP was applied not only recovering fixed costs but also ensuring supply reliability. In order to operate harmonious power markets, pool needs reasonable CP mechanism. This paper analysis CP using capacity proportion and Reliability Pricing Model (RPM).

• 대한전기학회논문지:전력기술부문A
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• 제54권2호
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• pp.88-96
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• 2005

At present, the Korean electricity industry is undergoing restructuring and the Cost Based-generation Pool(CBP) market is being operated preparing for Two Way Bidding Pool(TWBP) market open. As the circumstance of the traditional system is changed according to power system deregulation, the simulation tool which should reflect market code providing market operating mechanism is needed to analyze an electricity market. This paper presents the development of an unique market simulator, Market Modeling and Price Simulator(MMPS) that is designed to imitate the Korean electricity market considering uniform price. The MMPS is developed in VB.NET and is composed of two modules that consist of market modeling and price simulation interfacing access database program. To evidence the features and the performance of MMPS, a small two way bidding market with 12-bus system and one way bidding market for generator competition will be presented for the electricity market simulations using MMPS.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2006년도 추계학술대회 논문집 전력기술부문
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• pp.43-45
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• 2006

Because Cost Based Pool(CBP) has any locational signals for electricity price, there are any locational incentives for construction of new power plant high efficient. in case of Korean electricity power market, this incentives are very important to reduce loss and congestion. This Paper represent the effect of MLF(Marginal Loss Factor) as locational price signal in short period. we investigate mathematically loss reduced effect of MLF and prove to reduce transmission loss using 3bus test system.

• 전기학회논문지
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• 제58권6호
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• pp.1087-1092
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• 2009

This paper presents a method for improvement of capacity payment in CBP(cost based pool) market. Capacity payments have been used as common mechanisms in various pools for compensating generators recognized to serve a for reliability purpose. Ideal pricing for capacity reserves by definition achieves a balance between economic efficiency and investment incentives. That is, prices must be kept close to costs, but not so low as to discourage investment. However, the price set is not easy. This paper concludes with market design recommendations that apply fuzzy theory for improvement of capacity payment. Following this model, market participants decided on their own based on their forecast to the market demand and the payment for it.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2001년도 하계학술대회 논문집 A
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• pp.550-552
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• 2001

The vertically integrated power industry was divided into six generation companies and one market operator, where electricity trading was launched at power exchange. In this environment, the profits of each generation companies are guaranteed according to utilization of their own generation equipments. Especially, the electricity demand shows seasonal and weekly regular pattern, which the some capacity should be provided into ancillary service based on the past demand forecasting error and operating results of electricity market. Namely, if generation cost function is applied to SMP and BLMP as announced the previous day, the available generation capacity of the following day could be optimally distributed, and therefore contract capacity of ancillary service applied to CBP(Cost Based Pool) and TWBP(Two-Way Bidding Pool) is determined. Consequently, it is Possible to use the retained equipments optimally. This paper represents on efficient bidding strategies for generation equipments through the calculation of the contract and the application of each generator cost function based on the past demand forecasting error and market operating data.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2005년도 추계학술대회 논문집 전력기술부문
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• pp.183-185
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• 2005

This paper discusses an economic study analysis of captive power plant as a commercial plant in the cost based pool market. In this paper I assumed the conversion of a captive power plant owned by factories to a commercial plant and investigated the changes in profitability associated with this. I set the total electricity expense of a captive purpose plant as state A and the costs associated with converting to a commercial purpose plant as state B. Each state subdivided by case which is classified its plant variable cost, type of generation (combined cycle, single cycle) and type of power contract received. After set model for each case, different economic benefits by each case can be calculated.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2008년도 추계학술대회 논문집 전력기술부문
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• pp.421-422
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• 2008

우리나라는 정부의 전력산업 구조 개편 계획에 따라 2001년부터 전력거래시장을 도입하였고 초기 단계 전력거래시장을 운영하기 위한 "발전경쟁(CBP : Cost Based Pool)시스템"을 국내기술로 개발하였다. 전력산업 구조 개편 잠정중단으로 발전경쟁시장이 장기화되어, 99년도 개발당시 초기단계(2$\sim$3년간)에만 사용할 예정이었던 CBP 시스템이 지속적으로 운영 되어왔다. 발전경쟁시장이 장기화됨에 따라 회원사의 수가 시장 초기 10개사에서 2008년 8월 기준 226개사로 증가하였고, 전력거래량 규모도 13조원에서 21조원으로 확대되었다. 시장의 변화에 파라 전력시장의 운영규칙 또한 여러 차례 개선되었다. IT기술도 급격히 발달하여 이에 따라 CBP 시스템도 변화하여 왔다 본 논문에서는 발전경쟁시장에서 정산시스템의 현재 역할과 기능 및 요구사항을 살펴보기로 한다.

• KIEE International Transactions on Power Engineering
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• 제5A권4호
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• pp.416-424
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• 2005

At present, the Korean electricity industry is undergoing restructuring and the Cost Based-generation Pool (CBP) market is being operated in preparation of a Two Way Bidding Pool (TWBP) market. In deregulated electricity industries, an integrated power market simulator is one of the tools that can be used by market participants and market operators analyzing market behaviors and studying market structures and market codes. In this regard, it is very important to develop an electricity market simulator that reflects market code providing a market operation mechanism. This paper presents the development of an integrated market simulator, called the Power Exchange Simulator (PEXSIM), which is designed to imitate the Korean electricity market considering the various features of the market operating mechanism such as uniform price and constrained on/off payment. The PEXSIM is developed in VB.NET and composed of five modules whose titles are M-SIM, P-SIM, O-SIM, T-SIM and G-SIM interfacing the Access database program. To verify the features and the performance of the PEXSIM, a small Two Way bidding market with a 12-bus system and a One Way bidding market for generator competition will be presented for the electricity market simulations using PEXSIM.