• The Transactions of the Korean Institute of Electrical Engineers A
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• v.49 no.5
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• pp.199-204
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• 2000

This paper presents new approaches for the calculation for the calculation of each user's wheeling prices based on the economic analysis method with focus on the postage stamp rule. The suggested postage stamp rules can overcome the following problems embedded in the conventional accounting-costs-based methods such as the volatileness of wheeling prices depending deprieciation methods, emerging the wheeling free-riders due to the difference between accounting life-time and technical life-time, price discrimination between firm and non-firm network users, etc. To solve these problems we suggest new postage stamp rules employing capital recovery factor for investment costs treatment and applying technical life-time. Furthermore, we have suggested a new formulation for non-firm wheeling users based on the wheeling energies. In the case study, the results of suggested postage stamp methodologies are compared with those of conventional approaches.

• Proceedings of the KIEE Conference
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• 1998.07c
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• pp.1015-1019
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• 1998

This paper presents the evaluation results of Korea Electric Power Corporation (KEPCO) system's power wheeling costs based on the postage stamp method. The results of several postage-stamp-based methodologies are compared where some of them are the conventional approaches. others are new approaches suggested in this paper. The approaches developed in this paper are suitable for a system where transmission transactions are occurred within a vertically integrated power system just like as Korea, Japan. etc. Also, they can overcome limitations related on the depreciation costs application. Test results show that the computed wheeling costs are around 4.0 [won/kWh] in 1995, and it is anticipated that the cost will increase when considering transmission network losses and ancillary costs.

• Journal of Electrical Engineering and Technology
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• v.6 no.1
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• pp.8-13
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• 2011

Reliability differentiated pricing (RDP) is known to improve the efficiency and benefits of consumers and producers. Outage costs representing the economic and non-economic consequences of service curtailments to customers can be used as an effective parameter of RDP in electricity markets. This paper examines the theoretical aspects of an RDP scheme, and derives the optimal decisions of consumers and electric utilities for long-term transactions. The proposed RDP is demonstrated through a case study on a wheeling service.

• Proceedings of the KIEE Conference
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• 1997.07c
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• pp.1149-1152
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• 1997

This paper describes a novel approach for allocating transmission costs among users of transmission services. In the suggested approach, the cost share of each participant is proportional to amount of its line flow. To develop individual user's impact, the line utilization factors of each participant are derived by power flow equations of all nodes (i.e., load-flow equations). To deal With the slack bus problem inherent in the conventional load-flow analysis more practically, a additional power supply/demand balance equation is incorporated. Although the developed allocation rule is basically similar to the existing MW-mile method in the aspect of embedded cost allocation, it does not require to get load flow solutions of each wheeling transaction when multiple transmission transactions are considered.