Browse > Article
http://dx.doi.org/10.5370/KIEE.2018.67.4.512

Analysis for Annualized Returns of Island Microgrid IPP According to CER Price  

Kim, Mi-Young (Dept. of Electrical Engineering, Howon University)
Publication Information
The Transactions of The Korean Institute of Electrical Engineers / v.67, no.4, 2018 , pp. 512-521 More about this Journal
Abstract
Islands that is far away from onshore have used internal-combustion engine driving alternators to secure electric power. However, with Paris convention on climate change, there is a growing interest in eco-friendly energy independent island that replaces microgrid(MG) consisting of photovoltaic, wind power, and energy storage system with alternators for internal combustion engines. And also, national emission trading has been implemented, and the price of certified emission reduction(CER) has a influence on system marginal price(SMP). Because, the low cost generation source decides SMP when CER price is low, while the more expensive generation source decides SMP when CER price is high. Therefore, the increasing of CER price has a strong influence on the annualized return of MG independent power producer. Moreover, the fixed RPS price is implemented from 2017, which the increasing of CER price under the fixed RPS price or the variable RPS price affects annualized return differently. In this paper, the annualized return according to CER price is analyzed for large, middle, and small scaled islands, the effect of CER price on the annualized return was confirmed.
Keywords
Microgrid; CER; SMP; Islands; Fixed RPS price; Variable RPS price;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
연도 인용수 순위
1 Changhwa Lee, Hyoungtae Kim, Seongwoo Lee, Teahyun Kim, Hansol Shin, Kyeongtae Woo, Wook Kim, "Analysing renewable portfolio standard(RPS) in e-policy by comparing renewable energy certificate (REC) with certified emission reductions(CER)", KIEE summer conference, pp. 428-429, 2016.
2 Ki-Youl Ok, Yong-Wan Kim, Sang-Ho Noh, Won-Ho Kim, "The impact of GHG emission regulation on Korean electricity market price", KIEE summer conference, pp. 559-560, 2009.
3 Korea Energy Economics Institute, "The effect of carbon dioxide emissions trading on SMP under the seventh basic plan for long-term electricity supply and demand in South Korea", 2015.
4 Uldis Bariss, Elvijs Avenitis, Gatis Junghans, Dagnija Blumberga, "$CO_2$ emission trading effect on Baltic electricity market", ELSEVIER Energy Procedia 95, pp. 58-65, 2016
5 http://environment.law.harvard.edu/wp-content/uploads/2016/11/2016-10-31-HLS-Carbon-Charges-in-Electricity.pdf
6 http://www.electimes.com/article.php?aid=1461206095133303003.
7 Korea Electrotechnology Research Institute, "A Study on Renewable Energy Certificate Multiplier for Remote Island in Korea", 2016.
8 Electric Power Public Tasks Evaluation & Planning Center, 2017 action plan, http://www.etep.or.kr/home/busi_info/budget/pBudgetView.jsp.
9 2016 the full cost account for power plant of KEPCO managed islands, http://home.kepco.co.kr/kepco/IF/ntcob/list.do?pageIndex=1&boardSeq=0&boardCd=BRD_000290&menuCd=FN250201&parnScrpSeq=0&gbn=&categoryCdGroup=&sparFiled1ContentGroup=21015752&searchCondition=title&searchKeyword=.
10 Yang-Hyum Nam, Hoo-Dong Lee, Yu-Rim Kim, Ferrira Marito, Mi-Young Kim, Dae-Seok Rho, "Economic Evaluation Algorithm of Island Micro-grid for Utility and Independent Power Producer", The Transactions of the Korean Institute of Electrical Engineers, vol. 66, No. 7, pp. 1032-1038, 2017.   DOI
11 Bong-Suck Kim, Jee-Hong Jung, Hae-In Kim, Yoon-Yong Beum, Je-Myun Ryu, "Economic Evaluation between Diesel vs Renewable Energy for Remote Islands", KIEE summer conference, pp. 584-585, 2011.
12 ETNEWS, "Demand for realizing environmental cost of electricity generation...", http://www.etnews.com/20170918000285, 2017.
13 Ji-Hoon Kim, Byung Ha Lee, "A Study on Optimal Operation of Microgrid Considering the Probabilistic Characteristics of Renewable Energy Generation and Emissions Trading Scheme", The Transactions of the Korean Institute of Electrical Engineers, vol. 63, No. 1, pp. 18-26, 2014.   DOI