• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.3
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• pp.306-311
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• 2013

The Real-Time-Pricing (RTP) brings greatest values in terms of economic incentives and efficiency among the dynamic pricing schemes. The electric power industry in Korea is mainly operated by publicly owned utilities and strongly regulated by the government; therefore, revenue reconciliation of RTP is inevitably required to prevent revenue deficits. In this paper, a revenue reconciliation of real-time pricing considering imperfect information on customer response is proposed to prevent revenue deficit and distortion of the spot price. A case study is present to verify the applicability of the proposed method.

• Proceedings of the KIEE Conference
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• summer
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• pp.707-709
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• 2004

Transmission pricing is one of important issues related to competitive electricity markets since rational pricing scheme ensures a fair competition between the market participants. Any application of marginal pricing method to transmission pricing may accompany revenue reconciliation to recover Transco's revenue requirements. This paper presents an alternative methodology on revenue reconciliation with customer benefit function and power flow.

• Proceedings of the KIEE Conference
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• 2003.07a
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• pp.624-626
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• 2003

Transmission pricing is one of important issues related to competitive electricity markets since rational pricing scheme ensures a fair competition between this market participants. Transmission pricing scheme is classified briefly into marginal cost pricing and embedded cost pricing. In economic efficiency, marginal cost pricing is more adequate for competitive electricity market. However, this pricing scheme requires revenue reconciliation since it cannot ensure full recovery of Transco's revenue requirements. This paper presents a new revenue reconciliation to maximize social welfare. For this analysis, this paper provides the results applied by various revenue reconciliation methodologies.

• Proceedings of the KIEE Conference
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• 2007.07a
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• pp.113-114
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• 2007

For restructure of korean power system, we needs research and development concerning RTP and Revenue Reconciliation. In these Implementations the real-time prices are updated at half-hourly or hourly intervals and in no case are the prices spatially differentiated. The implemented rates are based upon marginal generating costs with markups to account for system transmission and distribution costs or other revenue reconciliation needs. This paper analyzes how great is the impact of alternative price markup methods on measures of social welfare and customer responses. A case study and energy sales are also presented.

• Proceedings of the KIEE Conference
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• 2002.11b
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• pp.378-380
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• 2002

It is required to develop a rational transmission pricing methodology to ensure the fair participation of the player in the market. Because of economic efficiency, marginal pricing method has been studied to be applied to transmission pricing methodology. In application of marginal pricing method to transmission pricing, revenue reconciliation must be needed to recover Transco's revenue requirements. This paper presents a reconciliation method based on line's value to transmission service user.

• Proceedings of the KIEE Conference
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• 2008.07a
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• pp.604-605
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• 2008

전력사업은 전력서비스를 제공하는 사업으로서, 사업의 목표가 전력화사의 이익만을 극대화하는 방향으로만 설정되어는 안된다. 전력사업 운영의 일반적인 두 가지 목표는 전력공급의 안정성 확보와 경제적인 전력공급이라 할 수 있다. 그러므로 국가경제의 중추를 맡고 있는 전력산업은 새로운 환경과 불확실한 미래에 대처할 수 있는 환경의 요구 등이 제기되고 있다. 이러한 요구를 충족시키기 위한 노력이 진행되고 있으며 그 가운데 하나의 방향은 전기사업자의 공급가격과 소비자의 수요에 대한 정보를 이용하여 공통의 이익을 보다 더 향상시킬 수 있고 더 폭넓은 선택을 가능하게 함으로써 전기 사업자와 수요자 모두에게 더 많은 이익을 줄 수 있는 새로운 요금제를 확산시키는 것이다. 본 논문에서는 오늘날의 이러한 요구에 부응하여 새로운 형태의 요율제도로써 제시되고 있는 실시간요금제(Real-Time Pricing)와 그에 따른 수익보정(Revenue Reconciliation)방법을 통한 수요반응을 분석하여 부하율 향상에 관한 결과에 대하여 알아본다.

• Proceedings of the KIEE Conference
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• 2003.07a
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• pp.652-654
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• 2003

Embedded cost pricing is easy to be applied in the calculation of transmission cost and guarantees perfect recovery of revenue requirement. However, it caused in equity of cost distribution in the restructured electrical market. Though, marginal cost pricing has been studied to be applied to economic signal of members. But it has the cumbersome processes of the revenue reconciliation. This paper presents a new recovery of revenue requirement method that is satisfied with economic signal, using MLF.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.6
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• pp.804-809
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• 2012

This paper presents the economic impact of consumer participation in Real-Time Pricing (RTP). A computer model was developed to analyze the impact of real-time pricing on the average price, electricity sales, and the social welfare. Four revenue reconciliation alternative were introduced to illustrate the effect of RTP. Finally a case study was done to analyze the consequent impact of the dynamic load profile on the long-term fuel mix, and the results were compared with those of $5^{th}$ national power development plan.

• The Southeast Asian review
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• v.28 no.2
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• pp.181-212
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• 2018

In 2017, the government of Duterte, in the second year of the ruling, more strongly promoted peace and order policies and expressed independent diplomacy as the chairman of ASEAN. He continued to fight against drugs and tried to increase his political legitimacy through the punishment for corrupt officials. He also declared martial law in the Mindanao region because of the dissolution of the Maute group, a Muslim terrorist organization, and strengthened counterterrorism cooperation externally. In addition, as to Communist militants, he took the initial reconciliation gesture and promoted peace negotiations, however, concluded the peace tide and started the suppression operation due to a series of bloodshed. He still has a strong drive in peace and order issues, backed up by high support rate, but it is becoming a factor of anxiety as the socioeconomically underprivileged and minority groups are increasingly alienated. As the chairman of ASEAN, Duterte has a certain distance from the United States, which is a firm ally, but has turned to increase familiarity with China and Russia, which can take substantial economic benefits. Through diversifying the external economic support and increase of tax revenue, the priority task was to establish the infrastructure. Although the Philippines, which has a high economic growth rate, has a strong expectation that it can establish a solid infrastructure, tax reforms should be successfully completed in order not to repeat the previous failures, which has traditionally increased foreign debt burden by relying on external resources. It seems that it is necessary to find the meeting point of the foreign policy of Duterte and new Korean government's New Southern Policy, and to find possible economic cooperation policies to improve Philippine infrastructure.