• The Transactions of The Korean Institute of Electrical Engineers
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• v.58 no.3
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• pp.478-485
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• 2009

This paper describes retail cost through scenario in the ratio of CG(Centralized Generation) and DG(Decentralized Generation) that constructs new generation capacity in the future. it is not calculated for the supply, but for demand considering an advantage of DG. In the Korea Power System, retail cost that composed of construction, T&D, fuel, maintenance and environment shows macro-trend that power system planning through penetration for DG will be more significant.

• Proceedings of the KIEE Conference
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• 2007.07a
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• pp.67-68
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• 2007

This Paper calculated Retail costs as the economic and environmental impacts of supplying incremental electric load growth with varying mixes of DE(Decentralized Energy) and CG(Centralized Generation) applying to WADE Economic Model in 2020.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.54 no.10
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• pp.500-506
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• 2005

With the advent of electric power systems moving to a deregulated retail electricity market environment, calculating distribution service tariffs has become a challenging theme for distribution industries and tariff regulators. As distribution business remains as a monopoly, it is necessary to be regulated. And as multiple distribution companies compete with each other, it would be efficient to adopt competition to the determination of distribution service tariffs. This paper proposes a method to calculate distribution service tariffs using yardstick regulation, which can lead to competition among multiple distribution companies. The proposed method takes into account not only recovering revenue requirements but also the advantages of the yardstick regulation based on long-term marginal costs of distribution network expansion algorithms. A computer simulation is carried out to illustrate effectiveness of the proposed method and it is estimated that the algorithm can be applied to compute the distribution service tariffs under retail electricity markets.

• KIEE International Transactions on Power Engineering
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• v.3A no.1
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• pp.53-60
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• 2003

At present the electric power industry in Korea is going through a major restructuring process. The restructuring is motivated by a desire to reduce electricity supply costs, to attract new in-vestment in modern generation, transmission and distribution facilities, and to stimulate innovation in the wholesale production and the retail supply of electricity. The experience to date shows that restructuring of electric power industry in the US, however, is marred with a number of problematic market performances including unreasonably high prices at wholesale. This paper investigates the important role of Power Exchange for stabilizing electric power industry in transition by offering various financial products. These financial products are used for risk hedging by the market participants. The paper focuses on the risk hedging by an individual supplier and derives an explicit decision rule that incorporates the attitude towards the risks. In addition to providing the financial products for risk hedging by market participants, the Power Exchange plays another very important role of financial safeguard system. Because of its unique characteristics, the Power Exchange is well suited for financial surveillance where it performs the early detection of unsound financial (and to a large extent operational) practices on the part of any system users and protect the system integrity and the market participants from the consequences of a default in the clearing structure.

• Journal of Energy Engineering
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• v.17 no.2
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• pp.88-99
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• 2008

This paper analyzed quantitative effect on sorts of scenario for DE (Decentralized Energy) in the Korean Power System using WADE Economic Model. WADE Economic Model calculated shortage of power sales from the existing technologies above all. and it construct a new type of technologies according to sorts of scenario for DE. generating capacity and electricity generation is computed from this process. From now on can assess the side of environment meant $CO_2$, $NO_x$, $SO_x$, PM10 and cost meant electric retail cost that composed of construction, T&D, fuel, maintenance and environment.