• Journal of Electrical Engineering and Technology
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• v.8 no.4
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• pp.675-685
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• 2013

Generation capacities and transmission line constraints in a competitive electricity market make it troublesome to compute Nash Equilibrium (NE) for analyzing participants' strategic generation quantities. The NE can cause a mixed strategy NE rather than a pure strategy NE resulting in a more complicated computation of NE, especially in a multiplayer game. A two-level hierarchical optimization problem is used to model competition among multiple participants. There are difficulties in using a mathematical programming approach to solve a mixed strategy NE. This paper presents heuristics applied to the mathematical programming method for dealing with the constraints on generation capacities and transmission line flows. A new formulation based on the heuristics is provided with a set of linear and nonlinear equations, and an algorithm is suggested for using the heuristics and the newly-formulated equations.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.56 no.10
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• pp.1731-1737
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• 2007

The Korea electricity wholesale market is operated under the cost-based-pool system and the government regulation to the new generation capacities in order to insure the resource adequacy. The goal of government's regulation is the electricity market stability by attracting proper generation investment while keeping the reliability of system. Generation companies must mandatory observe that government plan by now. But if the restructuring is to be complete, generation companies should not bear any obligation to invest unless their profitability is guaranteed. Namely the investors' behavior will be affected by the market prices. In this paper, the system dynamics model for Korea wholesale electricity market to examine whether competitive market can help to stabilize is developed and analyzes the investors behavior. The simulation results show that market controlled by government will be operated stable without resulting in price spike but there is no lower price because of maintaining the reasonable reserve margin. However, if the competition is introduced and the new investment is determined by the investor's decision without government intervention, the benefits from lower wholesale price are expected. Nevertheless, the volatility in the wholesale market increases, which increases the investment risks.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.64 no.2
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• pp.222-227
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• 2015

This paper presents the optimal energy generation systems for economical EVs(Electric Vehicles) charging stations located in an island area. The system includes grid electricity, diesel generator and renewable energy sources of wind turbines and PV(Photovoltaic) panels. The independent generation system is designed with data resources such as annual average wind speed, solar radiation and the grid electricity price by calculating system cost under different structures. This sensitive analysis on the varying data resources allows for the configuration of the most economical generation system for charging stations by comparing initial capital, operating cost, NPC(Net Present Cost) and COE(Cost of Energy). Depending on the increase of the grid cost, the NPC variation of the most economical system which includes renewable energy generations and grid electricity can be smaller than those of other generation systems.

• KSII Transactions on Internet and Information Systems (TIIS)
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• v.17 no.10
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• pp.2701-2717
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• 2023

In this paper, a hybrid fuzzy-based method is suggested for determining India's best system for power generation. This suggested approach was created using a fuzzy-based combination of the Giza Pyramids Construction (GPC) and Recalling-Enhanced Recurrent Neural Network (RERNN). GPC is a meta-heuristic algorithm that deals with solutions for many groups of problems, whereas RERNN has selective memory properties. The evaluation of the current load requirements and production profile information system is the main objective of the suggested method. The Central Electricity Authority database, the Indian National Load Dispatch Centre, regional load dispatching centers, and annual reports of India were some of the sources used to compile the data regarding profiles of electricity loads, capacity factors, power plant generation, and transmission limits. The RERNN approach makes advantage of the ability to analyze the ideal power generation from energy data, however the optimization of RERNN factor necessitates the employment of a GPC technique. The proposed method was tested using MATLAB, and the findings indicate that it is effective in terms of accuracy, feasibility, and computing efficiency. The suggested hybrid system outperformed conventional models, achieving the top result of 93% accuracy with a shorter computation time of 6814 seconds.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.53 no.1
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• pp.56-66
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• 2004

As deregulation evolves, pricing electricity becomes a major issue in the electric industry. Participants of competitive marketplace are able to improve their profits substantially by adequately pricing the electricity. In this paper, game theory is applied to analyze the price-clearing in the generation bidding competition and the competition is modeled as the noncooperative and complete information. The result of this analysis can be useful in understanding spot price-clearing of electricity and generating entity's strategic behavior in the competitive electricity market.

• Proceedings of the Korea Society for Energy Engineering kosee Conference
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• 2004.05a
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• pp.353-358
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• 2004

In recent, the trends in national energy Policy are established in the context of the integrated risk estimation for various national electricity generating options. The approach takes account of health, environmental, economic, and social aspects of electricity generation systems. In the present work, nuclear, coal, and LNG sources are chosen because these hold more than 90% of national total electricity generation in a descending order. A life cycle assessment (LCA) methodology is used for comparing environmental impacts of these options during the life cycle such as construction, operation as well as disposal stages. Here, the LCA consists of life cycle inventory analysis, classification/selection process of impact categories, characterization process, and normalization process of each category. LCA can be an useful tool for environmental impact assessment of future national energy options. At the planning stage of future energy Policies, the results of LCA would be taken into consideration. According to data update at the construction and disposal stages, the LCA needs to be conducted iteratively.

• Proceedings of the SAREK Conference
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• 2008.11a
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• pp.15-20
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• 2008

The objectives of this study are to analyze the energy independence plan and to propose a suitable sewage treatment plant in Korea. The total amount of electricity consumption for public sewage treatment plant was estimated as 1,182 GWh in 2007. It was estimated that total 16 sewage treatment plants with renewable energy systems produced electricity of 15.2 GWh per year, which could replaced 0.8% of total electricity used for sewage treatment. It was found that domestic sewage treatment plants with power generation plants by digestion gas were installed in 7 places and produced electricity of 13 GWh per year. It was also found that the power generation plants by digestion gas were the most cost-effective for sewage treatment out of the renewable energy systems based on the benefit-cost analysis.

• KIEE International Transactions on Power Engineering
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• v.4A no.4
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• pp.243-253
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• 2004

As deregulation evolves, pricing electricity becomes a major issue in the electric power industry. Participants in the competitive marketplace are able to improve their profits substantially by effectively pricing the electricity. In this paper, game theory is applied to analyze price-clearing in the generation bidding competition with the competition modeled as the non-cooperative and complete information game. The result of this analysis can be useful in understanding spot price-clearing of electricity as well as GENCOs' strategic behavior in the competitive electricity market.

• ETRI Journal
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• v.45 no.4
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• pp.636-649
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• 2023

Renewable energy generation cannot be consistently predicted or controlled. Therefore, it is currently not widely used in the electricity market, which requires dependable production. In this study, reliability- and variance-based controls of energy storage strategies are proposed to utilize renewable energy as a steady contributor to the electricity market. For reliability-based control, photovoltaic (PV) generation is assumed to be registered in the power generation plan. PV generation yields a reliable output using energy storage units to compensate for PV prediction errors. We also propose a runtime state-ofcharge management method for sustainable operations. With variance-based controls, changes in rapid power generation are limited through ramp rate control. This study introduces new reliability and variance indices as indicators for evaluating these strategies. The reliability index quantifies the degree to which the actual generation realizes the plan, and the variance index quantifies the degree of power change. The two strategies are verified based on simulations and experiments. The reliability index improved by 3.1 times on average over 21 days at a real power plant.

• Proceedings of the Korean System Dynamics Society
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• 2003.08a
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• pp.49-81
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• 2003

It is one of the important problems how to maintain the optimal electric power generation mix. The Objective of this study is development of a computer model which can be used to forecast the investment of power generation unit by the plant owners after restructuring the electricity industry. The impacts of the various government policies can be analyzed using the computer model, thus the government can formulate effective policies for achieving the desired electric power generation mix.