• Proceedings of the Korea Technology Innovation Society Conference
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• 2002.11a
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• pp.293-310
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• 2002

• Proceedings of the KIEE Conference
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• 2007.07a
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• pp.826-827
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• 2007

우리나라의 현행 전원믹스는 경제성의 측면에서 상당히 왜곡된 것으로 언급되고 있으며, 전력시장의 기저발전기에 대한 규제상한 가격은 이를 간접적으로 입증하는 근거라 할 수 있다. 균등화 발전원가를 이용하여 장기한계비용을 도출하고, 이를 부하지속곡선에 대입하여 산출한 경제적 전원믹스은 원자력 발전용량의 대폭적인 증가의 필요성을 보여준다. 이는 원전이 기저전원으로 경제성을 가지는 측면이 있지만 무엇보다도 우리나라의 높은 부하율(편평한 부하지속곡선)에 기인하고 있다. 이산화탄소 배출비용의 부과는 원전의 경제적 우위를 확장시키는 반면 전원다변화를 현격하게 축소시키는 결과를 가져와 정책목표간 조율이 필요함을 시사한다. 균등화 발전원가는 전력시장체제의 가격 및 수익에 대한 리스크를 효과적으로 반영하지 못하므로 포트폴리오 이론 및 실물옵션 이론 등을 활용한 경제성 평가방법론의 개발이 향후 과제로 제기된다.

• Journal of Wind Energy
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• v.14 no.3
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• pp.54-60
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• 2023

In order to reveal the levelized cost of energy (LCOE) of Korean and foreign wind turbines, a study was conducted for Korean onshore wind farms. Actual CapEx and OpEx data were obtained from audit reports for 26 onshore wind farms corresponding to 53.87 percent of the total onshore wind farms in Korea in the Data Analysis, Retrieval Transfer (DART) system. In addition, capacity factor (CF) data were calculated from data provided by Statistics Korea. Random numbers were generated from distributions that were fitted by the datasets, which were used as input data to perform a Monte Carlo simulation (MCS). The levelized fixed cost (LFC) and the levelized variable cost (LVC) were calculated from distributions of the CapEx, the OpEx and the CF. As a result, the LCOEs of the analyzed total Korean wind farms, and Korean and foreign wind turbines were 147, 148, and 146 USD/MWh, respectively. The averaged LCOE of Korea was estimated to be 4 USD/MWh lower than that of Japan, while it was much higher than German and global averages.

• Journal of Energy Engineering
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• v.27 no.4
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• pp.50-63
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• 2018

The issue of global warming and environmental pollutant has become an international concern due to the widespread use of fossil fuels, and thus waste heat recovery technologies has become important to improve energy utilization. The global market of power generation system using industrial waste heat is rapidly growing at an average rate of 5% due to its advantage of increasing energy efficiency. In order to design an optimal waste heat recovery system, it is necessary to develop a program that offers economic evaluation of each power generating technology according to the heat source conditions. In this paper, the economic analysis module to calculate LCOE is developed and verified the reliability against NETL economic analysis results. As a result of the verification, the error rate is about 6 ~ 7%, which satisfy the accuracy for business feasibility evaluation. In order to enhance the reliability, the module was improved by applying the levelization method used by NETL. As a result of the verification of reliability, the error rate is less than 1% and the accuracy is improved.

• Proceedings of the Korea Society for Simulation Conference
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• 2003.06a
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• pp.149-154
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• 2003

경제성장과 더불어 발생되는 환경오염물질 배출의 증가로 인해 이를 규제하려는 세계적인 동향이 강화되어 이러한 환경문제를 경제 내적인 문제로 발전하고 있다. 특히 전력부문에 있어서 여러 가지 투자대안들이 환경에 미치는 영향을 고려할 경우, 각 대안들이 전력을 생산하기 위해 필요한 비용은 사회적 비용을 고려치 않는 사적인 비용과 커다란 차이가 생길 수 있다. 이에 본 연구에서는 균등화발전 원가법으로 유연탄과 LNG화력 발전의 경제성을 분석하였는데. 환경 규제상황에서 발전원간 평가를 위해 저감설비 도입비용, 탄소세, 연료비 인상, 할인율 변동에 따른 경제성 비교를 통하여 유연탄 및 LNG발전의 발전원가를 컴퓨터 시뮬레이션에 의한 민감도 분석을 통해 비교하였다.

• 한국신재생에너지학회:학술대회논문집
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• 2008.05a
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• pp.87-90
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• 2008

Levelized generation cost(LGC) has been widely used in assessing feed-in tariffs(FiT) for electricity generating from new and renewable energies. Current FiTs for renewable electricity in Korea have been fixed and applied with realistic economic data by the efforts of KERI(Korea Electrotechnology Research Institute) since October 2006. Some critical issues on the estimation of LGC are, however, found in KERI's report. Major issues are the estimation of capital cost, the consideration of corporate tax, and the application of economic life cycle in the formulae for LGC. These critical issues are examined and interpreted in a correct way in this paper.

• Clean Technology
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• v.26 no.1
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• pp.55-64
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• 2020

According to the Korean Renewable Energy 3020 Implementation Plan, the installation capacity of renewable energy is expected to increase whereas technology for storing excess electricity and stabilizing the power supply of renewable energy sources is extremely required. Power-to-Gas is one of energy storage technologies where electricity is converted into gas fuel such as hydrogen and methane. Basically, Power-to-Gas system could be effectively utilized to store excess electricity generated by an imbalance between supply and demand. In this study, the economic feasibility analysis of Power-to-Gas reflecting the domestic situation was carried out. Total revenue requirement method was utilized to estimate the levelized cost of hydrogen. Validation on the economic analysis method in this study was conducted by comparison of the result, which is published by the International Energy Agency. The levelized cost of hydrogen of a 100-MW Power-to-Gas system reflecting the current economic status in Korea is 8,344 won kg^-1. The sensitivity analysis was carried out, applying the main analysis economic factors such as electricity cost, electrolyser cost, and operating year. Based on the sensitivity analysis, the conditions for economic feasibility were suggested by comparing the cost of producing hydrogen using renewable energy with the cost of producing natural gas reformed hydrogen with carbon capture and storage.

• Transactions of the Korean hydrogen and new energy society
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• v.33 no.6
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• pp.643-659
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• 2022

For the economic analysis of fuel cells, levelized cost of electricity was calculated according to the type, capacity, and annual production of the fuel cells. The cost of every component was calculated through the system component breakdown. The direct cost of the system included stack cost, component cost, assembly, test, and conditioning cost, and profit markup cost were added. The effect of capacity and annual production was analyzed by fuel cell type. Sensitivity analysis was performed according to stack life, capital cost, project period, and fuel cost. As a result, it was derived how much the economic efficiency of the fuel cell improves as the capacity increases and the annual production increases.

• 한국태양에너지학회:학술대회논문집
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• 2008.04a
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• pp.281-286
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• 2008

Current feed-in tariffs(FIT) of Electricity generating from new and renewable energy sources are reappraised with the corrected formula of levelized generation cost(LGC) of utility power. The LGC of new and renewable electricity should be formulated in explicitly reflecting the capital cost and corporate tax during the economic life cycle based on its realistic application data. An applicable term of the FITs should, especially, be equal to the economic life cycle. The revised FITs issued in 2006 were, however, derived from the incorrect formula described in the study of KERI(Korea Electrotechnology Research Institute), and consequently misestimated. The reappraisal values for FIT of new and renewable electricity were shown and interpreted in this paper. An FIT of PV more than 30 kW, for example, should be 972.86 won/kWh instead of current 677.38 won/kWh increasing 43.6%. An upward revision of other FITs for new and renewable electricities should also be required in the range of 8.6% to 47.3%.

• 한국신재생에너지학회:학술대회논문집
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• 2011.05a
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• pp.109.1-109.1
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• 2011

KEPCO was operating power plants with diesel generators in 49 islands including Baekryeong-Do, and the generation capacity was about 66 MW in 2008. The cost of fuel is increasing by the international oil price inflation and continuous rise of oil price is predicted. For the stabilizing of electric power supply to the separate islands, renewable energy and fuel cell systems were considered. Hydrogen is made using renewable energy such as wind power and solar energy, and then a fuel cell system generates electricity with the stored hydrogen. Though the system efficiency is low, it is treated as the only way to secure the stable electric supply using renewable energy at this present. The analytic hierarchy process was used to select suitable candidate island for the system installation and 5 islands including Ulleung-Do were selected. Economic evaluation for the system composed of a kerosene generator, a wind power, an electrolysis, and a fuel cell system was conducted with levelized generation cost based on present value methode. As the result, the necessity of renewable energy combined generation system and micro grid composition in the candidated islands was confirmed. Henceforth, the development of an integration technology which connects micro grid to the total power grid will be needed.