Design and implementation of power market operation system for restructuring of KEPCO

Author

Moon, Young-Hwan ; Lee, Hyo-Sang

Author_Institution

Korea Electrotechnol. Res. Inst., Changwon, South Korea

Volume

1

fYear

2000

fDate

2000

Firstpage

34

Abstract

Korea is now undergoing a restructuring process of the country´s electricity supply industry. The Korean electricity restructuring has the requirements to implement a competitive market structure and unbundle the existing vertically integrated utility, Korea Electric Power Corporation (KEPCO). KEPCO has selected a cost-based pool (CBP) as the starting point for the phased introduction of competition. In this paper, the introduction of the restructuring process of the power industry in Korea and design specifications of the power market operation system for the CBP phase in restructuring of KEPCO are described

Keywords

commerce; electricity supply industry; power system interconnection; KEPCO restructuring; Korea; competition introduction; competitive market structure; cost-based power pool; design specifications; power industry; power market operation system; vertically integrated utility unbundling; Economic forecasting; Economic indicators; Electricity supply industry; Energy consumption; Fuel economy; Marketing and sales; Power generation; Power generation economics; Power industry; Power markets;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Engineering Society Winter Meeting, 2000. IEEE

Print_ISBN

0-7803-5935-6

Type

conf

DOI

10.1109/PESW.2000.849922

Filename

849922