Abstract
In the meantime, Korea Electric Power Corporation (KEPCO) in Korea has been sold exclusively power. Therefore, it is the lack of preparation for the retail market operations with energy prosumer. KEPCO has developed a smart grid and micro-grid technology for optimal control technology of renewable energy. In particular, KEPCO has developed the optimum method of operating distributed energy resources by using the micro-grid technology. Micro-grids are small power supply system located on-site. Micro-grid can be thought of as a typical prosumers or considered as a representative of the small-scale distributed power providers as an agent. This study proposes a model for small-scale electricity trading for KEPCO and energy prosumer using micro-girds that have variety micro-grid models. The model of small-scale market is important to KEPCO as well as to the energy prosumer in Korea. For this reason, the aim of this study is to examine the economic benefits and social welfare in utility position and corporate profits in prosumer position, respectively. This study will provide a model that can be a win-win to utility and prosumers.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
