• 대한전기학회:학술대회논문집
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• 대한전기학회 2005년도 추계학술대회 논문집 전력기술부문
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• pp.159-161
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• 2005

Transmission congestion is one of the key factors to local market power in competitive electricity markets. Financial transmission rights provide the financial protection to their holders by paying back the congestion cost. However, the market participants who have market power can exacerbate their market power. Due to the exacerbated market power, this paper analyzes the mitigation of local market power using Contingent transmission rights on the market price. Contingent transmission rights provide not only the financial protection but also regulative penalty. The proposed methodology was demonstrated with the Optimal Power Flow(OPF).

• 대한전기학회논문지:전력기술부문A
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• 제54권1호
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• pp.38-42
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• 2005

Restructuring of the electric power industry has brought the issue of market competitiveness to surface. Recent years have witnessed the appearance of a particular seller or group of sellers exercising market power in electricity supply. In fact, much scholarly work has been done on how to identify and mitigate such abuse by market management rules. In this paper we assess the possible market power on the basis of pivotal supplier test and propose the method to determine the reasonable quantity of long-term contracts which can play a crucial role in mitigating the market power for a pivotal player. Furthermore the market efficiency is guaranteed by making long term contracts with a pivotal player up to the quantity to ensure that the pivotal player has no incentive to abuse the pivotal quantity in the electricity market.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2003년도 하계학술대회 논문집 A
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• pp.649-651
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• 2003

In the framework of competitive electricity market, the Market Power due to the transmission congestion, lack of demand-side response, various uncertain factors etc. have been significant problem. This paper reviews the market rules of Korea power system and the uplift scheme for constrained on/off generators. Then, this paper points out several problems and the mitigation measures of local market power concerning the compensation for constrained-off generators.

• 한국시스템다이내믹스연구
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• 제6권1호
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• pp.99-123
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• 2005

Although the generation market is competitive, the power market is easily exercised the market power by one generator due to its special futures such as a limited supplier, large investment cost, transmission constraints and loss. Specially, as Korea Electric industry restructuring is similar US competitive wholesale electricity market structure which discovered the several evidences of market power abuse, when restructuring is completed the possibility that market power will be exercised is big. Market power interferes with market competitions and efficiency of system. The goal of this study is to investigate the market price effects of the potential market power and the proposed market power mitigation strategy in Korean market using the forecasting wholesale electricity market model. This modeling is developed based on the system dynamics approach. it can analyze the dynamic behaviors of wholesale prices in Korean market. And then it is expanded to include the effect of market condition changed by 'strategic behavior' and 'real time pricing.' This model can generate the overall insights regarding the dynamic impact of output withholding by old gas fire power plant bon as a marginal plant in Korean market at the macro level. Also it will give the energy planner the opportunity to create different scenarios for the future for deregulated wholesales market in Korea.

• 대한전기학회논문지:전력기술부문A
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• 제52권10호
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• pp.610-615
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• 2003

With the growing competitive pressure from market participants, utilities, consumer and government, analyses of existing competitive electricity market become more important. The presence of congestion in the transmission system can significantly increase the potential of exercising market power. Since the congestion in the network depends on the several factors, the market power cannot be simply analyzed through the existing indices. This paper presents a systematic analysis on local market power under uniform pricing scheme and provides determining approach of the level of price cap as mitigation measure of the strategic market power.

• 대한전기학회논문지:전력기술부문A
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• 제54권3호
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• pp.139-143
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• 2005

Several methods have been proposed to mitigate the market power in foreign electricity markets. In this paper, Hirfindahl-Hirschman Index(HHI) and supply margin assessment(SMA) are compared based upon the Korean future markets. The results show that SMA is better than HHI to estimate market power because it can reflect congestion and capacity reserve effectively.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2002년도 추계학술대회 논문집 전력기술부문
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• pp.101-104
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• 2002

With the growing competitive pressure from market participants, utilities, consumer and government, analyses of existing competitive electricity market become more important. The presence of congestion in the transmission system can significantly increase the potential of exercising market power. Since the congestion in the network depends on the several factors. the market power cannot be simply analyzed through the existing indices. This paper presents a systematic analysis on local market power under uniform pricing scheme and provides some mitigation of the strategic market power.

• 전기학회논문지
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• 제56권2호
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• pp.268-276
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• 2007

Transmission congestion is one of the key factors to local market power in competitive electricity markets. Financial transmission rights provide the financial protection to their holders by paying back the congestion rent. A variety researches have shown that the existing trading mechanisms on transmission right can exacerbate market power. This paper proposes an alternative methodology in mitigating the local market power using the Contingent Transmission Rights on the locational marginal pricing scheme. The proposed methodology was demonstrated with the Optimal Power Flow.

• 전기전자학회논문지
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• 제14권3호
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• pp.236-243
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• 2010

전력품질 문제는 다양한 산업분야에서 중요한 역할을 차지한다. 전력품질솔루션 선택의 폭은 점점 다양해지고 있으며, 특히 순간전압강하와 정전에 대한 보상장치를 선정하는 것은 전력회사나 수용가 모두에게 중요한 과제이다. 이것은 기술적인 관점에서 뿐만 아니라 경제적인 관점에서도 같이 고려되어야 하는데 불행히도 지금까지는 주로 경험에 의해 결정되어졌다. 본 논문에서는 순간전압강하 보상장치 선정을 위한 위험도 분석을 확정적 방법과 확률론적 방법으로 수명비용을 계산하여 두 가지 방법의 결과 해석에 대한 차이점을 모의사례를 통하여 비교하고자한다.

• 플랜트 저널
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• 제9권1호
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• pp.50-57
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• 2013

본 연구에서는 개발도상국 민자발전사업의 개발단계에서 발생할 수 있는 리스크를 사업소재국, 사업주 및 시장으로 분류하여 해당 항목별 주요 리스크를 조사하고, 근래 한전 및 발전회사가 수행한 대표적인 3개 사업에 적용하여 구체적인 경감방안을 도출하고자 하였다. 개발도상국에서 민자발전사업 추진 시 전력구매처로서 신용이 부족하여 수출신용기관과 국제개발금융기구의 사업 참여가 어려운 경우, 국가신용이 양호한 주변국으로 전력판매처를 다변화하여 시장 리스크를 경감시키는 동시에 사업소재국 리스크를 경감시켜야 하며 20~30년에 걸쳐 장기간 운영해야 하는 화력발전사업의 경우 운영기간이 경과할수록 열효율도 저하되는 것을 감안하여, 설비운영 경과에 따른 성능저하 영향을 충분히 반영하여 기대수익을 보존하고 우리 기업의 손실을 최소화해야 한다.