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In July 2001, the responsibility of demand-side management (DSM) program management was moved from the Korea Electric Power Corporation (KEPCO) to the government to manage peak load occurrence efficiently and to follow the changes in the global electricity industries. The government issued the 3rd National Electricity Demand Forecast and Supply Plan in which the portion of DSM was significantly increased...
An agent-based approach is proposed in this paper to analyze interactions between the emission and electricity markets. A cap-and-trade system is assumed to be in place to regulate emissions from power generation. Generation companies are modeled as adaptive learning agents that can bid strategically into the electricity market by Q-learning algorithm. These companies also participate in allowances...
For the efficient zone clustering of Large-scale power system, this paper introduces an improved fuzzy C-means (FCM) approach. Due to physical characteristics of Power System, each node of the power system has their own locational marginal price (LMP) indicating the network-related characteristics of the system. In electricity market, it has been on the rise across much of a deregulation market to...
In this paper, a new probabilistic generation modeling method which can address the characteristics of changed electricity industry is proposed. The major contribution of this paper can be captured in the development of a probabilistic generation modeling considering generator maintenance outage and in the classification of market demand into multiple demand clusters for the applications to electricity...
Improved market efficiency from combining markets through inter-regional market coordination can lead to significant changes in the consumer and producer surplus of an individual market since inter-regional energy trading can significantly alter energy prices and market shares across various regions. It is necessary to study the impacts of inter-regional energy trading on the net welfare of an individual...
The demise of the native franchise markets and emergence of competitive markets for electricity generation service is changing the way that electricity is and will be priced and is making increasingly difficult for market participants to appraise the prospects for the future electricity market. As a result, conventional generation expansion planning (GEP) problems determining the least-cost capacity...
A new approach to unit maintenance scheduling (UMS) problems in competitive electricity markets is presented in this paper. The objectives of this study are to develop a new framework for UMS in competitive markets, to analyze a strategic behavior of profit maximizing generating companies (Gencos) in an UMS game, and to discuss equilibriums of the game from the standpoint of whole generation market...
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