| Title |
Analysis of Loss Compensation Efficiency Factor in the Uniform Price Market |
| Authors |
한태경(Hahn, Tae-Kyung) ; 김진호(Kim, Jin-Ho) ; 박종근(Park, Jong-Keun) |
| Keywords |
Transmission Loss Allocation ; Uniform Price Market ; Marginal Cost Allocation |
| Abstract |
In the uniform price electricity market or bilateral electricity market, the energy transactions in which the network is not considered and ISO's system operation costs which ISO try to minimize are settled separately. In this paper, transmission loss, one of the ISO's system operation costs, was dealt. The conventional marginal loss allocation method gives economic signals but three aspects have to be considered; excessiveness, arbitrariness and cross-subsidy. In this paper, marginal loss compensation efficiency method was suggested which consider those aspects of the conventional marginal loss allocation method. Also the characteristics of the marginal loss compensation efficiency were analyzed in the appendixes. And simple 2-bus system and IEEE 14 bus system were used to explain these characteristics. |