수요함수 관점에서 해석한 수요반응의 사회적 후생 분석 = Social Welfare Analysis of Demand Response from the Viewpoint of Demand Function

다국어 초록 (Multilingual Abstract)

Social Welfare is useful concept for evaluating the effectiveness of an economic policy in micro economics. This paper focuses on Social Welfare(SW) of electricity market incorporating demand response(DR). Competition between DR and generation company is modeled as a simple bid function. DR function can be considered as an negative generation(called Negawatt) and as an element of modified demand function. These two approaches result in the same demand reduction, generation power, and the market price. However, SW in the modified demand function approach is not identical to SW in the Negawatt approach. It makes the numerical index of DR effectiveness less persuasive. This paper proposes modified definition of SW in the demand function approach. The proposed definition of SW leads the DR effectiveness index to be identical to that in the Negawatt approach.

참고문헌 (Reference)

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9 Tae-Hyun Yoo, "A Study on Market Power Mitigation by Demand Response in Electricity Market" The Graduate School, Seoul National University 2015