• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.23 no.11
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• pp.61-68
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• 2009

A Microgrid is a private small-scale power system composed of distributed energy resources (DERs), storage devices and loads. And it is expected that the Microgrid will come into wide use in the near future. For this, the establishment of the Microgrid operation methodology is a very important problem. Especially, the Microgrid is greatly different from existing private small-scale power systems because of the multiple participants. Therefore, the Microgrid operation considered various requirements according to multiple participants is more complicated than the operation of existing private small-scale power systems. In this paper, Microgrid operation methodology based on a market environment is suggested. Through case studies, the effectiveness of the suggested methodology is verified.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.52 no.5
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• pp.287-293
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• 2003

The deregulation and structural reform of power markets have started from the early 90s, which has brought about new studies on the new environment. Regardless the market structure, however, power systems need to be operated and planned in a stable and reliable manner. Therefore, decisions on proper amount of operating reserves and their reliable operations are very important. Up to now, the decision processes of operating reserves depend mainly on experiences of operators in Korea. When Korean power market comes under private management, operating reserves would influence power rate as well as power Quality, Therefore, it is time to prepare reasonable operating reserve standards in a systematic way for the new environment. This study suggests the proper operating reserve standards considering rules of the power market in Korea. To verify the adequacy of the proposed standards, stability and frequency characteristics of the Korean power system are analyzed as well.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.50 no.12
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• pp.549-555
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• 2001

Due to the development of information technology, the operating power systems under the deregulated environment has the advantages of a introduction of the market function, a competition in sales and purchases of Power, as well as the difficulty of maintaining reliability on the same or high level with it in a monopolistic market. This paper presents a basic scheme of the congestion management in the Korea electricity market under the deregulated environment. We investigated some cases of the congestion management in the world and the effects of the congestion management in the power systems. A basic idea of the congestion management in the Korea is presented based on the analysis of transmission congestion management in the competitive electricity market.

• KIEE International Transactions on Power Engineering
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• v.4A no.4
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• pp.262-267
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• 2004

With the advent of electric power systems moving from a vertically integrated structure to a deregulated environment, calculating reactive power service charges has become a new and challenging theme for market operators. This paper examines various methods for reactive power management adopted throughout various deregulated foreign and domestic markets and then proposes an innovative method to calculate reactive power service charges using a reactive power market in a wholesale electricity market. The reactive power market is operated based on bids from the generating sources and it settles on uniform prices by running the reactive OPF programs of the day-ahead electricity market. The proposed method takes into account recovering not only the costs of installed capacity but also the lost opportunity costs incurred by reducing active power output to increase reactive power production. Based on the result of the reactive OPF program, the generators that produce reactive power within the obligatory range do not make payments whereas the generators producing reactive power beyond the obligatory range receive compensation by the price determined in the market. A numerical sample study is carried out to illustrate the processes and appropriateness of the proposed method.

• Proceedings of the KIEE Conference
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• 2008.11a
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• pp.423-425
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• 2008

This paper presents a study on the development of the electricity market system and resource adequacy. Recently the market system and the power supply-demand system has limitations of evolution which has to be complementary developed by the changes of the power system environment. In this paper we proposed a fundamental step-by-step progress direction for our electricity market system and the supply-demand system by using the Korean power industry environment and overseas resource adequacy systems.

• Plant Journal
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• v.7 no.4
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• pp.58-66
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• 2011

The power plant companies reached the culmination for growth in the domestic market. Besides, we have faced many challenges such as an electricity opening market trend for overseas, banning the use of coal due to the United nations framework convention on climate change, and the meticulous attention regarding the government's electricity charge plan. On the other hand, the overseas business has been a critical issue since China and many other developing countries expanded their projects abroad. Another factor is that power plant industry is being privatized, and it made the market regulation a bit loose. Thus, the market environment became favorable toward those companies which planned many overseas businesses. In this research, the power plant company's current condition for construction and operation as well as its technical competitiveness were analyzed, and an alternative plan using SWOT analysis for entering an oversea market was made. It dealt with both internal and external factors. Also, examined was the current situation under the power plant industry dealing with restructure for electric industry, lack of fossil fuel, and the United nations framework convention on climate change. From the research, it was suggested that many successful strategies to enter the overseas business by using the market trend I researched.

• Journal of Electrical Engineering and Technology
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• v.4 no.3
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• pp.337-345
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• 2009

Deregulation in power industry has made the reactive power ancillary service management a critical task to power system operators from both technical and economic perspectives. Reactive power management in power systems is a complex combinatorial optimization problem involving nonlinear functions with multiple local minima and nonlinear constraints. This paper proposes a practical market-based reactive power ancillary service management scheme to tackle the challenge. In this paper a new model for voltage security and reactive power management is presented. The proposed model minimizes reactive support cost as an economic aspect and insures the voltage security as a technical constraint. For modeling validation study, two optimization algorithm, a genetic algorithm (GA) and particle swarm optimization (PSO) method are used to solve the problem of optimum allocation of reactive power in power systems under open market environment and the results are compared. As a case study, the IEEE-30 bus power system is used. Results show that the algorithm is well competent for optimal allocation of reactive power under practical constraints and price based conditions.

• Journal of Electrical Engineering and Technology
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• v.5 no.1
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• pp.1-7
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• 2010

Recently, smart grid has been considered a very important new energy delivery technology, and one that can help ensure a cleaner environment by making use of information and communication technology (ICT) in countries around the world. The many technological benefits smart grid offers is expected to bring about a huge change in the electric energy supply chain. In particular, smart grid with advanced ICT is likely to allow market agents to participate in the decision-making process in the restructured electricity industry, easily facilitating Homeostatic Utility Control. In this paper, we examine smart grid as a market externality, and then illustrate issues from the commercial market perspective as it relates to electricity market design. Finally, our paper identifies some of the impacts of smart grid on electricity market design, which may possibly be incorporated into the evolution of the electricity market, thus ensuring market efficiency.

• Proceedings of the KIEE Conference
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• 2001.07a
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• pp.533-535
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• 2001

This paper proposes a methodology to compute the servicing price of reactive power in electrical power market of competitive environment. The result of proposed method is proved by a 6-bus sample test system. In this paper we propose the real-time pricing method assigning to variable charges, the downstream power flow tracing assigning to fixed charges. The reactive power will be active by the proposed method through competitive electrical power market.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.60 no.9
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• pp.1668-1673
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• 2011

Recent power industries are to be progressed as moving into horizontal markets and expanding of competitive systems through promoting SmartGrid. In these environments, the information on power consumers leads to establish a part of power markets through active and real-time participations instead of participating it as a passive manner presented by a vertical integration. Also, such information should be established as a way that effectively reflects changes and market behaviors occurred in power market participants. Therefore, in this study, a method that develops consumer information models, performs integrated managements, implements registration and distribution, and forms integrated management centers is presented to commonly use the consumer information according to the change in the environment of power industries.