• Journal of the Korean Solar Energy Society
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• v.27 no.2
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• pp.87-93
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• 2007

The demand for solar electric power systems, namely, photovoltaic system has grown steadily in our country over the last 10 years. However, the main obstacle against using photovoltaic system is the financial viability especially concerned with initial cost. The other factors affecting the economic viability of photovoltaic system are cost of electric energy, amount of electric energy produced by the photovoltaic system, discount rate, energy cost escalation rate, inflation rate, project life, and so on. Therefore, this thesis studies on the effect of various relating factors on economic evaluation of photovoltaic system in residential building by calculating payback period.

• Proceedings of the KIEE Conference
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• 2008.07a
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• pp.580-583
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• 2008

As the construction of renewable energy generators is on the rise and gets bigger in size, researchers pay more and more attention to the impact of such facilities on the power market as well as on the stability of power grid system. In Korea, while studies on the latter, including calculating the marginal capacity of renewable energy generators, is being made, those on the former has not yet been performed. As such, this paper analyses the impact of a big renewable energy generators on the price and transaction cost of domestic power market and proposes ideas to minimize such influence by applying the technology of forecasting renewable energy.

• KEPCO Journal on Electric Power and Energy
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• v.1 no.1
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• pp.73-77
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• 2015

Offshore wind farms extend a distance from an onshore grid to increase their generating power, but long distance and high power transmissions raise a lot of cost challenges. LFAC (Low Frequency AC) transmission is a new promising technology in high power and low cost power transmission fields against HVDC (High Voltage DC) and HVAC (High Voltage AC) transmissions. This paper presents an economic comparison of LFAC and HVDC transmissions for large offshore wind farms. The economic assessments of two different transmission technologies are analyzed and compared in terms of wind farm capacities (600 MW and 900 MW) and distances (from 25 km to 100 km) from the onshore grid. Based on this comparison, the economic feasibility of LFAC is verified as a most economical solution for remote offshore wind farms.

• Journal of the Korean Institute of Educational Facilities
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• v.16 no.1
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• pp.43-50
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• 2009

This research is to analyze LCC of Heat Pump system in university building by reduction of electric power costs for education and incentive system for gas. Produced details item different expense of EHP and GHP equipment construction step and preservation administration step. Analysis result is as following. 1) Executed LCC analysis for target system after lowering whole curriculum reduction of electric power costs for education. Analysis result, energy cost-cutting effect of EHP appears greatly than GHP unlike existent study finding, EHP decided by economical system. 2) Sensitivity analysis executed by incentive 500,000 won per units and geometrical ration of gas expense by 1%. As a result, because lowering effect of electric charges appears greatly, EHP decided by more economical system than GHP. As research result of front is different from existent study finding, EHP by lowering of electric charges for alteration and education of governmental frequent volunteer system was decided by more economical system than GHP.

• Proceedings of the KSR Conference
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• 2007.05a
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• pp.881-885
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• 2007

The pure electric braking system need to be developed to stop the electric train to zero speed by electricity. This system has advantages like reduction of weight, maintenance cost, noise, and dust generated by disk friction. Therefore, we will study this system for Korean urban transit system.

• Proceedings of the KIEE Conference
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• 1999.07f
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• pp.2537-2539
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• 1999

In order to widen the radius of electric vehicle (EV) travel recharging points must be provided in sufficient numbers and at convenient places. The cost of providing side an infrastructure is at preset, not well documented and this lack of information acts as a detersent to prospective insestors in EV technology. This paper acts as a preliminancy investigation into the cost of infrastructure is the different situation i.e for the private owner, the fleet owner or for the public. It provides an overview of the items required and this relative costs. Cost will however, vary from country to country and application to application, and this paper two acts purely as guide to the type of equipment and its relative costs.

• Transactions of the Korean Society of Mechanical Engineers B
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• v.22 no.11
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• pp.1547-1554
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• 1998

The object of this study was to develop an economic assessment program for the optimal design of the cogeneration systems composed of combining engine, generator, waste heat recovery exchanger, absorption chiller, and boiler, etc. The energy demand categorized by electric power, heating, cooling and water supply was determined by statistical data of the existing cogeneration systems. An economic assessment was performed by comparing the total cost of cogeneration system with that of non-cogeneration system. The total cost was evaluated by adding initial investment to operational cost considering efficiency of equipment, cost of equipment, fuel and electricity. To confirm the validity of the developed program, a hotel building with an area of $127,960m^2$ was selected, and the simulated results were compared with the measured data. The difference between the simulated and the measured values for the selected hotel building was approximately 12% for annual electric consumption.

• Proceedings of the KIEE Conference
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• 1996.07b
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• pp.692-694
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• 1996

Recently, rapid increase in electricity demand, tremendous financial need for new power plant construction, and environmental problem have led to search for more efficient energy production and energy conservation technologies. Due to the potential energy and cost savings to electric utilities, DSM plays an important role in the electric resource planning. However, implementation of cost-effective DSM program requires appropriate analysis methodologies and procedures. In this study, we present the cost-effectiveness analysis model for DSM program evaluation. We also present a case study to analyze DSM program.

• Proceedings of the KIEE Conference
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• 2000.11a
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• pp.70-72
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• 2000

The basic function of a modern electric power system is to provide electric power to its customers at the lowest possible cost with acceptable reliability levels. The two aspects of economics and reliability often conflict and present power system managers, planners and operators with a wide range of challenging problems. Utilities may also be willing to provide higher reliability of power supply at no increased customer cost. Decision-making is a difficult task. In this paper, we present a method to calculate the optimal values of reliability indices for sectionalizing distribution line.

• Proceedings of the KIEE Conference
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• 1999.07c
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• pp.1256-1258
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• 1999

Electric industry has been the object of major reforms in many countries. These reforms are aimed at attaining efficiency through competition. Thus network companies do not charge transmission cost for line user the same as method at past. This paper presents a transmission cost allocation through reliability differentiated transmission pricing in competitive electric industry. The proposed method considers only the line capacity affecting the reliability of transmission pricing under normal state and contingency state.