• The Transactions of The Korean Institute of Electrical Engineers
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• v.67 no.11
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• pp.1415-1422
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• 2018

In Korea, prior to 2011, the electric reserve margin followed the probabilistic reliability view and the planning reserve margin had been operated at about 15% based on the assumption that power outage was permitted within 0.5 days a year. However, after experiencing the shortage of the electric generation capacity in Sept. 15, 2011, the planning reserve margin was selected as 22% to improve the reliability of the electric supply. In this paper, using panel data of 28 OECD countries over the period 2000-2014 we attempted to empirically examine the linkage between reserve margin, electricity tariffs, renewable energy share, GDP per capita, and summer / winter peak-to-peak ratios. As a result, all four independent variables have been significant for the electric reserve margin, and in particular, we found that countries with similar peaks in winter and summer have operated 4.3% higher reserve margin than countries experiencing only summer peak.

• Proceedings of the KIEE Conference
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• 2006.07a
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• pp.418-419
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• 2006

After electricity power industry restructuring, "Long term power development plan", setting up by government, is replaced by "Basic plan of electricity supply and demand". In this basic plan, one of the most important factors is assessment of appropriate capacity margin. The benefit of GENCO is decided by the market price, and the price is largely affected by the level of reserve margin. As a consequence, appropriate reserve margin is determined by market power. However, Cost Based Pool(CBP) is a limited competitive market, and government policy for supply and demand is very important factor or reserve margin determination. This paper points out issues about existing reserve margin assessment method which is used in basic plan and suggests improved assessment method. In the case study, capacity margin is calculated by proposed assessment method and result shows the advantages of suggested method.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.11
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• pp.1495-1504
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• 2013

Renewable energy integration and increased system complexities make system operator maintain supply and demand balance harder than before. To keep the grid frequency in a stable range, an appropriate spinning reserve margin should be procured with consideration of ever-changing system situation, such as demand, wind power output and generator failure. This paper propose a novel concept of dynamic reserve, which arrange different spinning reserve margin depending on time. To investigate the effectiveness of the proposed dynamic reserve, we developed a new short-term reliability criterion that estimates the probability of a spinning reserve shortage events, thus indicating grid frequency stability. Uncertainties of demand forecast error, wind generation forecast error and generator failure have been modeled in probabilistic terms, and the proposed spinning reserve has been applied to generation scheduling. This approach has been tested on the modified IEEE 118-bus system with a wind farm. The results show that the required spinning reserve margin changes depending on the system situation of demand, wind generation and generator failure. Moreover the proposed approach could be utilized even in case of system configuration change, such as wind generation extension.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.56 no.11
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• pp.1892-1902
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• 2007

This paper presents a new generating unit maintenance scheduling algorithm considering regional reserve margin and transfer capability. Existing researches focused on reliability of the overall power systems have some problems that adequate reliability criteria cannot be guaranteed in supply shortage regions. Therefore specific constraints which can treat regional reserve ratio have to be added to conventional approaches. The objective function considered in this paper is the variance (second-order momentum) of operating reserve margin to levelize reliability during a planning horizon. This paper focuses on significances of considering regional reliability criteria and an advanced hybrid optimization method based on PSO algorithm. The proposed method has been applied to IEEE reliability test system(1996) with 32-generators and a real-world large scale power system with 291 generators. The results are compared with those of the classical central maintenance scheduling approaches and conventional PSO algorithm to verify the effectiveness of the algorithm proposed in this paper.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.51 no.6
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• pp.269-275
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• 2002

Recently, Korea's electric industry has experienced substantial changes in its structure and function including the introduction of competition in the generation sector. Korea is in the early stages of market competition where the market price is determined by generation costs. In the future, the market Price will be determined by generators'bids. Therefore, the generators'profit is determined by market pool price, the prospects of pool price are very important for new capacity investment decision made by generators and IPPS. This study analyzes hourly marginal costs and LOLP considering basic generation mix and characteristics develops the relationship of pool price and Profit by generation-type using the change in reserve margin, and proposes basic direction for profits variation and supply-demand analysis in the electricity market in future.

• Proceedings of the KIEE Conference
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• 2003.07a
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• pp.19-23
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• 2003

This paper presents a new concept of reactive reserve based contingency constrained optimal power flow (RCCOPF) for voltage stability enhancement. This concept is based on the fact that increase in reactive reserves is effective for enhancement of voltage stability margins of post-contingent states, in this paper, the proposed algorithm is applied to voltage stability margin of interface flow. Interface flow limit, in the open access environment, can be a main drawback. RCCOPF for enhancement of interface flow margin is composed of two modules, modified continuation power flow (MCPF) and optimal power flow (OPF). These modules art recursively perform ed until satisfying the required margin of interface flow in the given voltage stability criteria.

• Proceedings of the KIEE Conference
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• 2005.07a
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• pp.751-753
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• 2005

In this raper, Economic value of reserve margin i.i presented by opportunity cost for Korean power system, and the level of compensation for spinning reserve that is necessary to operate power system stably is proposed. The generator that is giving up for opportunity to participate in energy market must take opportunity cost. it is relative to not only whole demand level but also marginal cost of each resource. In this paper, assume that all resource in Korea is equivalent to six generator for simulation. and we evaluate value of reserve in the time of high demand and low demand. Also we propose the way to improve a evaluation method by examine relationship between capacity payment and value of reserve.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.54 no.3
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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.

• Proceedings of the KIEE Conference
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• 2007.11b
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• pp.237-239
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• 2007

This paper focuses on maintenance scheduling using PSO algorithm for power plants from an economic (operating cost) and reliable(variance of operating reserve margin) point of view. We also apply regional reserve margin and transfer capability to maintenance scheduling problem. The proposed method has been applied to IEEE-RTS(1996) with 32-generators and a real -world large scale power system with 291 generators.

• Proceedings of the KIEE Conference
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• 1997.07c
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• pp.1112-1114
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• 1997

When reliability is estimated to be insufficient, a planner must take action to improve them. So, the measures for improving reliability are mainly considered in the planning process. In order to provide quantitative information concerning reliability evaluation, this paper-describes an algorithm to find reserve margin in power system planning. The IEEE Reliability Test System(RTS) is used to demonstrate the effectiveness of the proposed algorithm.