An Analysis on Price Limits of Imported Power via Northeast Asian Power System Ties

This paper presents an engineering approach to derive the optimum price levels of transacted power. In this paper, with the assumption that power import is possible through the system connection in Northeast Asia regions, the upper price limit of imported power deserving economic efficiency was derived with respect to the time and amount of power import. The proposed approach was demonstrated based on the data from the National Power Development Planning in 2004 with the WASP model.