• The Transactions of the Korean Institute of Electrical Engineers A
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• v.51 no.4
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• pp.196-201
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• 2002

An important aspect of the study of power system markets involves the assessment of strategic behavior of participants for maximizing their profits. In models for imperfect competition of a deregulated system, the key tack is to find the Nash equilibrium. When the constraints are not considered in the power market, the equilibrium has the form of a pure strategy. However, the constraints are considered, the equilibrium has the form of a mired strategy. In this paper the bimatrix game approach leer finding a mixed equilibrium is analyzed. The Nash equilibrium of a mixed strategy will be used adequately for the analysis of market power.

• STI Policy Review
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• v.4 no.1
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• pp.135-161
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• 2013

This paper examines Japan's Science and Technology (S&T) Basic Plans in accordance with its S&T Basic Law. The Basic Plans promote two major innovation (Green Innovation and Life Innovation) towards the creation of new markets and jobs, specifically under the Fourth S&T Basic Plan enacted on August 2011. Successful smart community demonstration projects at four urban localities were launched under plans to promote Green Innovation research and development of renewable energy technologies. However, the expectation that renewable energy such as solar or wind power can replace nuclear power is not backed by sufficient evidence. Furthermore, the electricity produced by these sources is expensive and unstable owing to its reliance on weather conditions. The Fukushima nuclear power plant accident on March 2011 has also seriously affected Japan's future energy plans. According to a government estimate, electricity charges would double if nuclear power generation were abandoned, imposing a heavy burden on the Japanese economy. Japan is in need of energy policies designed on the basis of more far-sighted initiatives.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.52 no.7
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• pp.429-436
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• 2003

This paper presents a new approach for evaluating the transmission marginal loss factors (MLFs) considering the reactive power. Generally, MLFs are represented as the sensitivity of transmission losses, which is computed from the change of the generation at reference bus by the change of the load at the arbitrary bus-i. The conventional evaluation method for MLFs uses the only H matrix, which is a part of jacobian matrix. Therefore, the MLFs computed by the existing method, don't consider the effect of the reactive power, although the transmission losses are a function of the reactive power as well as the active power. To compensate the limits of the existing method for evaluating MLFs, the power factor at the bus-i is introduced for reflecting the effect of the reactive power in the evaluation method of the MLFs. Also, MLFs calculated by the developed method are applied to energy spot markets to reflect the impacts of reactive power. This method is tested with the sample system with 5-bus, and analyzed how much MLFs have an effect on the bidding/offer price, market clearing price(MCP), and settlement in the competitive energy spot market. This paper compared the results of MLFs calculated by the existing and proposed method for the IEEE 14-bus system, and the KEPCO system.

• Journal of Korea Society of Digital Industry and Information Management
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• v.12 no.2
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• pp.1-6
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• 2016

Several efforts to replace the use of existing fossil energy resources have already been made around the world. As a result, a new industry of renewable energy has been created, and efficient energy distribution and storage has been promoted intensively. Among the newly explored renewable energy sources, the most widely used one is solar energy generation, which has a high market potential. An energy storage system (ESS) is a system as required. In this paper, the design and implementation of an ESS for the efficient use of power in stand-alone street lights is presented. In current ESS applied to stand-alone street lights, either 12V~24V DC (from solar power) or 110V~220V AC (from commercial power) is used to recharge power in systems with lithium batteries. In this study, an ESS that can support both solar power and commercial power was designed and implemented; it can also perform emergency recharge of portable devices from solar powered street lights. This system can maximize the scalability of ESSes using lithium batteries with efficient energy conversion, with the advantage of being an eco-friendly technology. In a ripple effect, it can also be applied to smart grids, electric vehicles, and new, renewable storage markets where energy storage technology is required.

• 제어로봇시스템학회:학술대회논문집
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• 2005.06a
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• pp.158-163
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• 2005

Competitive electricity markets necessitate equitable methods for allocating transmission usage in order to set transmission usage charges and congestion charges in an unbiased and an open-accessed basis. So in competitive markets it is usually necessary to trace the contribution of each participant to line usage, congestion charges and transmission losses, and then to calculate charges based on these contributions. A UPFC offers flexible power system control, and has the powerful advantage of providing, simultaneously and independently, real-time control of voltage, impedance and phase angle, which are the basic power system parameters on which sys-tem performance depends. Therefore, UPFC can be used efficiently and flexibly to optimize line utilization and increase system capability and to enhance transmission stability and dampen system oscillations. In this paper, a mathematical approach to allocate the contributions of system users and UPFCs to transmission system usage is presented. The paper uses a dc-based load flow modeling of UPFC-inserted transmission lines in which the injection model of the UPFC is used. The relationships presented in the paper showed modified distribution factors that modeled impact of utilizing UPFCs on line flows and system usage. The derived relationships show how bus voltage angles are attributed to each of changes in generation, injections of UPFC, and changes in admittance matrix caused by inserting UPFCs in lines. The relationships derived are applied to two test systems. The results illustrate how transmission usage would be affected when UPFC is utilized. The relationships derived can be adopted for the purpose of allocating usage and payments to users of transmission network and owners of UPFCs used in the network. The relationships can be modified or extended for other control devices.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.55 no.4
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• pp.172-178
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• 2006

In this paper, an advanced demand clustering algorithm which can explore the planned maintenance outage of generators in changed electricity industry is proposed. The major contribution of this paper can be captured in the development of the long-term estimates for the generation availability considering planned maintenance outage. Two conflicting viewpoints, one of which is reliability-focused and the other is economy-focused, are incorporated in the development of estimates of maintenance outage based on the advanced demand clustering algorithm. Based on the advanced clustering algorithm, in each demand cluster, conventional effective outage of generators which conceptually capture maintenance and forced outage of generators, are newly defined in order to properly address the characteristic of the planned maintenance outage in changed electricity markets. First, initial market demand is classified into multiple demand clusters, which are defined by the effective outage rates of generators and by the inherent characteristic of the initial demand. Then, based on the advanced demand clustering algorithm, the planned maintenance outages and corresponding effective outages of generators are reevaluated. Finally, the conventional demand clusters are newly classified in order to reflect the improved effective outages of generation markets. We have found that the revision of the demand clusters can change the number of the initial demand clusters, which cannot be captured in the conventional demand clustering process. Therefore, it can be seen that electricity market situations, which can also be classified into several groups which show similar patterns, can be more accurately clustered. From this the fundamental characteristics of power systems can be more efficiently analyzed, for this advanced classification can be widely applicable to other technical problems in power systems such as generation scheduling, power flow analysis, price forecasts, and so on.

• KIPS Transactions on Computer and Communication Systems
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• v.1 no.3
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• pp.133-142
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• 2012

Cournot model is one of representative models among many game theoretic approaches available for analyzing competitive market models. Recent years have witnessed various kinds of attempts to model competitive electricity markets using the Cournot model. Cournot model is appropriate for oligopoly market which is one characteristic of electric power industry requiring huge amount of capital investment. When we use Cournot model for the application to electricity market, it is prerequisite to assume the downward sloping demand curve in the right direction. Generators in oligopoly market could try to maximize their profit by exercising the market power like physical or economic withholding. However advanced electricity markets also have demand side bidding which makes it possible for the demand to respond to the high market price by reducing their consumption. Considering this kind of demand reaction, Generators couldn't abuse their market power. Instead, they try to find out an equilibrium point which is optimal for both sides, generators and demand. This paper suggest a quantitative analysis between market variables based on econometrics for estimating demand responses in smart grid environment.

• The Transactions of the Korean Institute of Electrical Engineers P
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• v.67 no.2
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• pp.112-118
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• 2018

In recent years, decentralized power have been increasing due to environmental problems, liberalization of electricity markets and technological developments. These changes have led to the evolution of power generation, transmission, and distribution into discrete sectors and the division of integrated power systems. Therefore, studies are underway to efficiently supply power and reduce losses to each sector's demand. This is a major concern for system planners and operators, as it accounts for a relatively high proportion of total power, with a transmission and distribution loss of 4-6%. Therefore, this paper analyzes the status of loss management based on the current transmission and distribution loss rate of each country and transmission loss management cases of each national power company, and proposes a loss rate prediction algorithm according to the long-term transmission system plan. The proposed algorithm predicts the demand-based long-term evolution and the loss rate of the grid to which the transmission plan is applied.

• KEPCO Journal on Electric Power and Energy
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• v.7 no.1
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• pp.93-99
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• 2021

The government has proposed a mission to enhance intelligent power networks, decrease coal-fired generation, expand distributed energy resources, and promote energy prosumer into the distribution network in Korea. Installation cost of facility expansion to guaranteed interconnection with small distributed energy resources increases dramatically on KEPCO's distribution sector. And it is hard to withdraw in time. In addition, there are explicit research is required to meet the reliability on grid corresponding to the increase of distributed power. Infrastructure support for accommodating energy prosumer is also needed. Therefore, KEPCO is pushing transition to DSO by expanding distribution management scope and changing its roles. In addition, KEPCO is proactively preparing for integrated operation between distribution network and existing distributed power which is accommodated passively. KEPCO is also trying to accept multiple network users, e.g. building platforms, to manage a data and promote new markets. In the long term, transition to DSO will achieve saving investment costs for accommodating distributed sources and maintaining stable electrical quality. And it will be possible to create new business model using the platform to secure revenue.

• Proceedings of the KIEE Conference
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• 2005.07a
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• pp.869-871
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• 2005

As deregulated electricity markets are being implemented in different countries, the remuneration of reactive power which contribute to ancillary services is one of the key issues, so it is necessary to evaluate the generator's reactive. In this paper, we focus on the evaluation of reactive power which contributes to reactive power balance. The idea is that the main usages of the reactive power of generator can be divided into two components. First one is physically required amounts for transmitting the real power and the second one is the amounts contributed to support the system, that is, to maintain the voltage profiles. In this paper, the second component is used to evaluate the effective amounts of the reactive power contributed to ancillary service.