| Title |
An Analysis of Congestion Cost for Electric Power Transmission in Consideration of Uncertainty of Future Electric Power System |
| Authors |
박성민(Park, Sung Min) ; 김성수(Kim, Sung Soo) |
| DOI |
https://doi.org/10.5370/KIEEP.2014.63.3.131 |
| Keywords |
Locational marginal price ; Transmission congestion costs ; Uncertainty |
| Abstract |
It is expected that there will be delay of scheduled transmission network reinforcement and huge investment of renewable energy resources in Korea. As transmission capacity expansion delayed, supplying power to Seoul metropolitan area will not be increased as scheduled. In addition, uncertain renewable energy out of Seoul metropolitan area can cause transmission congestion in the future power system. These two combining effects will make the difference in locational marginal prices(LMP) and congestion costs increase. In that sense, this paper will analyze how much the congestion costs for Korea power system are incurred in the future power system. Most of previous approaches to analyze the congestion costs for electric power system are based on the optimal power flow model which cannot deal with hourly variation of power system. However, this study attempted to perform the analysis using market simulation model(M-Core) which has the capability of analyzing the hourly power generation cost and power transmission capacity, and market prices by region. As a result, we can estimate the congestion costs of future power system considering the uncertainty of renewable energy and transmission capacity. |