• 대한전기학회논문지:전력기술부문A
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• 제53권5호
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• pp.285-295
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• 2004

The outage cost assessment has an important position for determination of the optimal level or optimal range of reliability for power system expansion planning. Establishing the worth of service reliability is a very difficult and subjective task. While the utility cost(reliability cost) will generally increase as consumers are provided with higher reliability, the consumer costs(reliability worth) associated with supply interruptions will decrease as the reliability increases. The total costs to society are the sum of these two individual costs and the optimum or target level of reliability is achieved at minimum point of the total cost curve. This paper addresses the role, need and assessment algorithms and methodologies of the outage cost in power system expansion planning. In a case study, the outage cost has been assessed using macro approach for our country 15years(1986-200l) in the case study. Additionally, determination processing of optimum reliability level is presented in another case study with the five buses MRBTS.

• 에너지공학
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• 제11권1호
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• pp.47-58
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• 2002

본 논문은 민자발전소의 회피 발전비용을 계산하는 새로운 방법을 제안하였다. 제안된 방법은 기존의 부하감소법과 달리 민자발전소의 고장정지율과 경제적 투입순서를 정확히 고려할 수가 있다. 그러므로 더욱 정확한 회피 발전비용을 계산할 수가 있다. 또한 확률적 시뮬레이션을 수행하여 계산하므로 민자발전소의 비용에 대한 영향도 정확히 고려할 수가 있다. 부가적으로 한 개 이상의 민자발전소가 참여하였을 때에 회피 발전비용을 할당하는 방법도 제안하였다. 다양한 사례연구를 통해 제안한 방법의 결과를 분석하였다.

• Journal of Electrical Engineering and Technology
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• 제6권1호
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• pp.8-13
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• 2011

Reliability differentiated pricing (RDP) is known to improve the efficiency and benefits of consumers and producers. Outage costs representing the economic and non-economic consequences of service curtailments to customers can be used as an effective parameter of RDP in electricity markets. This paper examines the theoretical aspects of an RDP scheme, and derives the optimal decisions of consumers and electric utilities for long-term transactions. The proposed RDP is demonstrated through a case study on a wheeling service.

• 전기학회논문지
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• 제59권1호
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• pp.46-50
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• 2010

Power system outages can lead to huge economic losses for various industries. Jeju island power system outage in 2006 also caused significant social and economic impacts in Korea. There have been numerous attempts to evaluate the economic costs of power system outages. Power system outages can also have financial impacts on electric power industry. This paper attempts to analyze the economic impacts of the 2006 Jeju island power system outage on the values of the firms in the power industry using event study. Empirical analysis results are presented to show the economic impacts of the 2006 Jeju island outage on the values of the firms in the power industry.

• 대한전기학회논문지:전력기술부문A
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• 제49권11호
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• pp.549-557
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• 2000

This study proposes a new numerical analysis method for assessing the outage cost of the composite power system with considering transmission system at load points. The proposed method comes from combination of the expected energy not served curve(EENSC) with the marginal outage cost function obtained at load points. Uncertainty of the outages of the generation and transmission systems was also included in this study. This study can be categorized into three processing parts as like as follows. Firstly, EENSC at load points was developed newly from the composite power system effective load duration curve which has been proposed by the authors. Secondly, this study proposes a new technical method for determining the coefficients of the marginal outage cost functions at load points in the composite power system(Generation and Transmission systems). It is a main key point that the mathematical expression for the marginal outage cost function at a load point is formulated and evaluated using relations between the GNP (or GDP) and the electrical energy demand at the load pint. Finally, the outage cost was calculated in this paper by combining the proposed EENSC with the marginal outage cost function evaluated at each load point. It is another important feature that the average costs for future at load points can be forescasted using the proposed approach. The effectiveness of the proposed new approach is demonstrated by the case studies with the IEEE-RTS.

• Journal of Electrical Engineering and Technology
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• 제8권1호
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• pp.40-45
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• 2013

It is known that Reliability Differentiated Pricing (RDP) can improve the efficiency and benefits of consumers and producers. This paper examines the long-run social welfare maximization problem of the utility and presents a long-term reliability differentiated prices for firm capacity, based on customer outage costs. Then the applicability of the proposed pricing scheme is verified with a case study.

• 대한전기학회논문지:전력기술부문A
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• 제51권4호
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• pp.183-187
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• 2002

The efficient and rational transmission tariff structure is one of the crucial factors in creation of fair and competitive electricity markets. Transmission charge can be largely categorized into the line usage charge, system reliability charge, access charge and others. Any transmission tariff should be able to reflect these cost components reasonably. This paper suggests an approach amenable to allocating the transmission reliability costs reasonably with reflection of line sensitivity and line outage rate.

• Journal of Electrical Engineering and Technology
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• 제2권2호
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• pp.201-207
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• 2007

As the power industry moves towards open competition, there has been a need for methodology to evaluate distribution power system reliability by using customer interruption costs, particularly in power supply zones under the competitive electricity market. This paper presents an algorithm to evaluate system average interruption duration index, expected energy not supplied, and system outage cost taking into consideration failure rate of the distribution facility and industrial customer interruption cost. Also, to apply this algorithm to evaluate system outage cost presented in this paper, the distribution arrangement of a dual supply system consisting of mostly high voltage customers in an industrial complex in Korea is used as a sample case study. Finally, evaluation results of system interruption cost, system average interruption duration index, and expected energy not supplied in the sample industrial complex area are shown in detail.

• Journal of Electrical Engineering and Technology
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• 제5권1호
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• pp.21-27
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• 2010

This paper examines the long-run social welfare maximization problems facing public utilities, which includes consideration of the cost of capital or other fixed costs of production, from which it derives optimal investment decisions in a reliability differentiated pricing based market. Reliability differentiated pricing policies lead to straightforward mathematical results on optimal investment decisions in generation and transmission expansion planning. This paper presents the mathematical conditions for optimal investment decisions.

• Journal of Electrical Engineering and Technology
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• 제9권3호
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• pp.796-802
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• 2014

South Korea is recently under serious situation in supplying electricity with enough power reserve. A single fault of power plant at a peak-load time may lead to a total blackout for whole area connected by a single electric grid and isolated from other grids. Despite of the seriousness of blackout, however, there are scarce studies with ex-ante analysis of the economic costs from blackout. In order to evocate the seriousness, we calculate the economic costs for both industrial and household sectors with using some survey data and statistical methodologies. As a result, total economic costs are 39.23 trillion KRW (35.83 trillion KRW for industrial sector, 3.40 trillion KRW for household sector).