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Hyobin Oh

As seen in: MDPI
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Articles by Hyobin Oh

Quantifying the Impact and Policy Implications of Transitioning to Zonal and Nodal Pricing in the Electricity Market: A South Korean Case Study

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By Kyuhyeong Kwag, Hansol Shin, Hyobin Oh, Hyeongseok Yun
| MDPI
1. Introduction Electricity markets worldwide have adopted various pricing schemes, which are primarily categorized into three types: nodal, zonal, and uniform pricing. Nodal pricing determines the individual electricity prices for all nodes in the transmission network and provides the most granular and accurate price signals. Zonal pricing is an intermediate approach that divides the electricity market into several bidding zones by setting a single price in each zone.
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Quantifying the Impact and Policy Implications of Transitioning to Zonal and Nodal Pricing in the Electricity Market: A South Korean Case Study

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By Kyuhyeong Kwag, Hansol Shin, Hyobin Oh, Hyeongseok Yun
| Preprints.org
Preprint Article Version 1 This version is not peer-reviewed Version 1 : Received: 29 October 2024 / Approved: 29 October 2024 / Online: 30 October 2024 (02:19:24 CET) Kwag, K.; Shin, H.; Oh, H.; Yun, H.; Yoon, H.; Kim, W. Quantifying the Impact and Policy Implications of Transitioning to Zonal and Nodal Pricing in the Electricity Market: A South Korean Case Study. Preprints 2024, 2024102337. https://doi.org/10.20944/preprints202410.2337.v1 Kwag, K.; Shin, H.; Oh, H.; Yun, H.; Yoon, H.; Kim, W.
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Power System Reliability Evaluation Based on Chronological Booth-Baleriaux Method

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By Hansol Shin, Hyobin Oh, Kyuhyeong Kwag, Pyeongik Hwang
| MDPI
Abstract : The complexity of modern power systems is increasing because of the development of various intermittent generators. In practical reliability evaluations, it is essential to include both the failure of conventional generators and the output characteristics of renewable energy; the use of the latter has increased rapidly.
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