• Proceedings of the KIEE Conference
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• 2008.11a
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• pp.16-18
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• 2008

Because of being environmentally friendly, renewable energy resources has been growing at a high rate. Wind energy is one of the most successfully utilized of such sources for producing electrical energy. Due to the randomness of wind speed, wind farms can not supply power with a balanceable level as well as conventional power plants. The reliability evaluation of wind power is more and more important. Capacity credit is used to estimate the capacity credit of power systems including wind farms. This paper presents a method of capacity credit calculation for a power system considered wind farms and shows how it gets study on an actual power system (the Jeju Island power system). The paper describes the step of capacity credit calculation and presents test results, which indicate its effectiveness.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.65 no.6
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• pp.923-933
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• 2016

This paper proposes a new method for evaluating Effective Load Carrying Capability(ELCC) and capacity credit(C.C.) of power system including Wind Turbine Generator(WTG) combined with Battery Energy Storage System(BESS). WTG can only generate electricity power when the fuel(wind) is available. Because of fluctuation of wind speed, WTG generates intermittent power. In view point of reliability of power system, intermittent power of WTG is similar with probabilistic characteristics based on power on-off due to mechanical availability of conventional generator. Therefore, high penetration of WTG will occur difficulties in power operation. The high penetration of numerous and large capacity WTG can make risk to power system adequacy, quality and stability. Therefore, the penetration of WTG is limited in the world. In recent, it is expected that BESS installed at wind farms may smooth the wind power fluctuation. This study develops a new method to assess how much is penetration of WTG able to extended when Wind Turbine Generator(WTG) is combined with Battery Energy Storage System(BESS). In this paper, the assessment equation of capacity credit of WTG combined with BESS is formulated newly. The simulation program, is called GNRL_ESS, is developed in this study. This paper demonstrates a various case studies of ELCC and capacity credit(C.C.) of power system containing WTG combined with BESS using model system as similar as Jeju island power system. The case studies demonstrate that not only reasonable BESS capacity for a WTG but also permissible penetration percent of WTG combined with BESS and reasonable WTG capacity for a BESS can be decided.

• Journal of Electrical Engineering and Technology
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• v.10 no.5
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• pp.1930-1939
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• 2015

Wind power planning aims to locate and size wind farms optimally. Traditionally, wind power planners tend to choose the wind farms with the richest wind resources to maximize the energy benefit. However, the capacity benefit of wind power should also be considered in large-scale clustered wind farm planning because the correlation among the wind farms exerts an obvious influence on the capacity benefit brought about by the combined wind power. This paper proposes a planning model considering both the energy and the capacity benefit of the wind farms. The capacity benefit is evaluated by the wind power capacity credit. The Ordinal Optimization (OO) Theory, capable of handling problems with non-analytical forms, is applied to address the model. To verify the feasibility and advantages of the model, the proposed model is compared with a widely used genetic algorithm (GA) via a modified IEEE RTS-79 system and the real world case of Ningxia, China. The results show that the diversity of the wind farm enhances the capacity credit of wind power.

• Journal of the Korean Solar Energy Society
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• v.37 no.5
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• pp.13-26
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• 2017

Solar power is expected to account for a considerable proportion of domestic renewable energy compared to other renewable energy sources. In this study, capacity credits, which are the most important factors for evaluating the effective capacity of photovoltaic power, are estimated by capacity factor-based approximation method. To do this, we use the data of solar power generation and capacity over many years and calculate the capacity factors of the domestic solar power. The results of the existing methods and ours proposed in this paper are compared and analyzed.

• Journal of the Korean Solar Energy Society
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• v.39 no.4
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• pp.79-91
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• 2019

The capacity credit (CC) is a key metric for mid- to long-term power system capacity planning. The purpose of this study is to estimate the CCs of domestic wind turbines. Based on hourly capacity factor (CF) data during the seven years from 2011 to 2017, the new so-called probabilistic CF scheme is introduced to effectively reflect the variability of CFs on CC estimation. The CCs are then estimated through the CF-based method and the ELCC (Effective Load Carrying Capability) method reflecting the probabilistic CF scheme, and the results are compared. The results show that the CC value 0.019 for domestic wind turbines proposed in the $8^{th}$ Basic Plan for Electricity Supply and Demand corresponds to the CC with a confidence level slightly lower than 95%.

• Asia-Pacific Journal of Business
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• v.2 no.2
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• pp.61-78
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• 2011

Credit derivative is one kind of arrangement which allows one party to transfer, for a premium, the defined credit risk, computed with reference to a notional value, of a reference asset which may or may not owned by one or more other parties. Credit Default Swaps(CDS) have existed since the early 1990s, but its use has become increasingly popular over time. CDS is the fastest growing segment of the privately negotiated derivatives business as many firms depend on it to efficiently manage the financial market risks inherent in economic activities. The diversification function is especially important for active CDS market participants as banks. CDS banks can achieve their loan portfolio diversification which provides them with increased capacity to expand their lending.

• Journal of the Korean Solar Energy Society
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• v.38 no.1
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• pp.13-24
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• 2018

As part of the "Carbon free Island 2030" policy, the local government of Jeju Island is currently working to reduce carbon through renewable energy supply. However, renewable energy is difficult to predict due to intermittent characteristics. If the share of renewable energy increase, it is difficult to plan of supply of electricity to grid due to that characteristic of renewable. In this paper analyze the fluctuation rate and the capacity credit of wind power and PV to find out how much wind power and PV contribute to supply of electricity of power system in Jeju. As a result mean value of variation rate of wind power and PV is about 3%, 5% and capacity credit is about 10% and 2% respectively.

• Proceedings of the KIEE Conference
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• 2006.07b
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• pp.1175-1176
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• 2006

본 논문은 신재생에너지 발전전원 중 단속적 특성이 강한 풍력발전 전원의 용량가치 평가방법에 관한 것이다. 풍력발전의 설비가치는 확률론적 접근방법과 용량률에 의한 결정론적 접근방법을 사용할 수 있으며 미국의 주요 산정방법을 살펴보고 국내 적용가능한 대안을 수립한다. 풍력발전의 설비가치를 실효성있게 산정하기 위해서는 관련자료의 확보가 우선되어야 하나 국내의 자료확보체계 및 그 기간이 짧은 관계로 용량률에 근거한 단순기법이 실효성이 있을 것으로 판단된다.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.7
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• pp.31-42
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• 2021

This study aims to determine the relation between the real sector and the financial sector in underdeveloped areas in Nusa Tenggara, Indonesia. To facilitate understanding of these linkages, researchers use the logic of credit channel mechanism of monetary policy, financial intermediation, as well as supply leading and demand following theories. The research variables include economic growth, inflation, liquidity, and NPL at the provincial level, with a data sample from 2008 to 2019. This research uses VAR/VECM as the analysis tools. The findings of the long-term analysis in East Nusa Tenggara show there is a phenomenon of cost-push inflation as well as the negative relation between inflation and economic growth. The impact of liquidity on inflation is positive, while the impact of economic growth on inflation is negative. Meanwhile, in West Nusa Tenggara, the impact of economic growth on inflation is positive. On the other hand, the impact of liquidity and NPL on inflation and economic growth is negative. In conclusion, generally, the economy in West Nusa Tenggara is better than the East Nusa Tenggara. The key to improving the economy of Nusa Tenggara is by improving its liquidity. This can be done by increasing the volume of public savings to increase bank credit capacity.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.24 no.4
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• pp.515-521
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• 2020

Recently, data traffic has exploded due to development of various industries, which causes problems about losing of efficiency and overloaded existing networks. To solve these problems, network slicing, which uses a virtualization technology and provides a network optimized for various services, has received a lot of attention. In this paper, we propose a resource allocation method using credit value. In the method using the clustering technology, an operation for selecting a cluster is performed whenever an allocation request for various services occurs. On the other hand, in the proposed method, the credit value is set by using the residual capacity and balancing so that the slice request can be processed without performing the operation required for cluster selection. To prove proposed method, we perform processing time and balancing simulation. As a result, the processing time and the error factor of the proposed method are reduced by about 13.72% and about 7.96% compared with the clustering method.