A Methodological Analysis of Local Market Power and its Application to Korea Electricity Market

송전혼잡에 의한 지역적 시장지배력 분석 기법 및 한국 전력시장에의 적용

  • 신영균 (홍익대 전기정보제어공학과) ;
  • 이동진 (홍익대 전기정보제어공학과) ;
  • 김발호 (홍익대 전기정보제어공학과)
  • Published : 2005.01.01

Abstract

The presence of transmission congestion may reduce the market size and split the bulk power system into smaller systems. Consequently, this can be a key factor to the increase in market price. This paper analyzes the effect of exercising local market power on the market price, and derives a range of indices which quantify the degree and incentive of local market power through statistical analysis in an electricity market with uniform pricing scheme. The applicability and effectiveness of the derived indices on competitive electricity markets are demonstrated on the Korea electricity market.

Keywords

References

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