• Environmental and Resource Economics Review
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• v.27 no.2
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• pp.339-362
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• 2018

In this paper, we simulate the contribution of an increasing renewable energy to demands for fossil fuels and power supply price by estimating a cost function for the Korean electric power generation sector. Since the renewable energy is a composite input, it is not feasible to compute the price index for renewable energy due to data limit. We estimate a restricted cost function, which is derived by minimizing the costs of fossil fuels conditional on the quantity of renewable energy set to its optimal level, jointly with supply relation. In particular, derivation of the shadow price of renewable energy would make it possible to analyze potential costs incurred by power plants.

• 한국신재생에너지학회:학술대회논문집
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• 2011.11a
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• pp.50.1-50.1
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• 2011

전력수요가 적을 때 잉여전력을 저장하고 전력수요가 많은 시간대나 전기료가 비싼 시간대에 저장된 전력을 사용함으로서 전력의 활용 효율을 높이고, 전력공급 시스템을 안정화하기 위해 에너지저장시스템의 연구가 최근에 활발히 진행되고 있다. 또한 공장, 산업용빌딩이나 병원 등 고르고 안정적인 전력의 수요는 늘어나고 있으며, 화석 연료 고갈 문제로 인한 신재생에너지 발전의 중요성도 대두되고 있다. 본 논문에서는 무정전 전원장치, 태양광발전시스템, 에너지 저장 시스템을 모두 통합하였다. 제안한 시스템은 3상 인버터, 부스트 컨버터, 양방향 컨버터, 사이리스터 스위치로 구성된다. 인버터는 계통과 연계되거나 UPS 동작 시 AC 전력을 만든다. 부스트 컨버터는 태양광 패널과 연결되어 MPPT 제어를 수행한다. 양방향 컨버터는 잉여전력을 배터리에 저장을 하고, 전력이 부족할 시에는 배터리의 전력을 방전한다. 사이리스터 스위치는 정전 시 계통과 부하를 끊어주는 역할을 한다. 본 논문에서는 15kW급 시스템으로 구현하여 검증하였다.

• Journal of Energy Engineering
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• v.26 no.2
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• pp.99-120
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• 2017

In SS branch of Korea District Heating Corporation, Combined Heat & Power power plant with 99MW capacity and 98Gcal / h capacity is operated as a district electricity business. In this region, it is difficult to operate the generator due to the problem of surplus heat treatment between June and September due to the economic recession and the decrease in demand, so it is urgent to develop an economical energy new business model. In this study, we will develop an optimized operation model by introducing a renewable energy hybrid system based on actual operation data of this site. In particular, among renewable energy sources, fuel cell (Fuel Cell) power generation which can generate heat and electricity at the same time with limited location constraints, photovoltaic power generation which is representative renewable energy, ESS (Energy Storage System). HOMER (Hybrid Optimization of Multiple Energy Resources) program was used to select the optimal model. As a result of the economic analysis, 99MW CHP combined cycle power generation is the most economical in terms of net present cost (NPC), but 99MW CHP in terms of carbon emission trading and renewable energy certificate And 5MW fuel cells, and 521kW of solar power to supply electricity and heat than the supply of electricity and heat by 99MW CHP cogeneration power, it was shown that it is economically up to 247.5 billion won. we confirmed the results of the improvement of the zone electricity business condition by introducing the fuel cell and the renewable energy hybrid system as the optimization process model.

• Journal of Energy Engineering
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• v.24 no.3
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• pp.74-81
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• 2015

Currently, the government is encouraging the introduction of energy storage system to reduce carbon emissions and peak power demand. The government is planning the cumulative capacity of ESS of 2GW in 2020. By utilizing charge and discharge of the ESS, it is possible to sell the surplus power to utility and electricity market. This paper suggests the model that economic feasibility of energy storage system for planning the construction of power generation facilities in 2035. Our results of simulation indicate the energy storage plan of utility for constructing renewable energy facilities is need to incentives from the government to encourage power utilities and expansion of ESS.

• Environmental and Resource Economics Review
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• v.19 no.4
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• pp.805-828
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• 2010

Korea also plans to introduce Renewable Portfolio Standard (RPS) for strengthening market functions after 2012 as United States and several members of EU countries did. Through the introduction of RPS, it requires energy industry to supply new and renewable energy at fixed rate. Therefore, it will contribute to the distribution of new and renewable energy. This paper analyzed the economic effect of the introduction of RPS using CGE. The summary of the paper on the analysis of the economic effect based on endogenous growth theory under imperfect market competition by using CGE is as follows; Since RPS possibly regulates the amount of new and renewable energy, it can achieve the target amount of new and renewable energy without fail. As achieving the target amount accurately, the distribution of more advanced skills can be expected. However, GDP reduction can occur because investment cost increases due to the requirement of new and renewable energy supply. Therefore, in the long run, it is appropriate to introduce RPS because it contributes to the distribution of new and renewable energy and can be utilized as a new growth engine to encourage economic growth.

• The Journal of the Korea institute of electronic communication sciences
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• v.18 no.1
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• pp.39-44
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• 2023

Renewable energy such as solar and wind power is a resource that is sensitive to weather conditions and environmental changes. Since the amount of power generated by a facility can vary depending on the installation location and structure, it is important to accurately predict the amount of power generation. Using meteorological data, a data preprocessing process based on principal component analysis was conducted to monitor the relationship between features that affect energy production prediction. In addition, in this study, the prediction was tested by reconstructing the dataset according to the sensitivity and applying it to the machine learning model. Using the proposed model, the performance of energy production prediction using random forest regression was confirmed by predicting energy production according to the meteorological environment for new and renewable energy, and comparing it with the actual production value at that time.

• 한국신재생에너지학회:학술대회논문집
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• 2005.06a
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• pp.604-604
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• 2005

• 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.

• Journal of Environmental Policy
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• v.7 no.4
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• pp.1-34
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• 2008

It is recognized that RPS(Renewable Portfolio Standard) and FIT(Feed-in Tariff) are two main policy instruments to promote Renewable Electricity(RE). The Korean Government announced in 2008 that RE promotion scheme will be changed to RPS from current FIT system in 2012. But we believe RPS is inferior to FIT for promoting less developed technologies such as photovoltaics or wind power. This is because the achievement of RE promotion in countries adopting RPS is markedly worse than that in European counties or Janpan adopting FIT. If the policy change is inevitable, when considering the lessons from Japan's failure as well as supporting the less developed technologies, it is recommended that either the market should be divided into several technology and scale categories, or more RPS-Credit per kWh should be assigned to the photovoltaic and wind power than instead of letting the all technologies compete in the "open category". It is also recommended that (1) Renewable Energy Promotion Fund(tentative name) based on a part of current energy related tax revenue should be introduced, or (2) cost of supporting the Renewable Electricity should automatically be transferred into the electricity bill of electricity consumers following the German System.

• 한국신재생에너지학회:학술대회논문집
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• 2005.11a
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• pp.331-341
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• 2005