• Journal of Digital Convergence
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• v.15 no.7
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• pp.41-53
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• 2017

This study focuses on the current state of Smart Grid policy in Japan and its problems while the interest in Smart Grid has been increasing since the March 2011 earthquake in East Japan. As a result of the analysis, Japan introduced the fixed price buying system of new and renewable energy in response to the power supply and demand problem caused by the 2011 earthquake in East Japan, and established a decentralized green electricity trading market in which electricity generated from new and renewable energy is traded Smart Grid-related projects were implemented as a solution to solve energy crisis and environmental problems at the same time. As a result, we achieved visible results such as suppressing peak power, reducing CO2 emissions, and securing stable supply and demand of energy using renewable energy sources. On the other hand, the improvement of current Smart Grid policy operation in Japan and the introduction of stabilization system of power system, promotion of international standards of domestic technology related to smart grid, and support for strengthening security of smart grid.

• Journal of Power Electronics
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• v.15 no.5
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• pp.1227-1234
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• 2015

The efficient electric power demand management in electric power supply industry is currently being changed by distributed generation. Meanwhile, small-scale distributed generation systems using renewable energy are being constructed worldwide. Several small-scale renewable distributed generation systems, which can supply electricity to the grid at peak load of the grid as per policy such as demand response programs, could help in the stability of the electric power demand management. In this case, the power quality of the small-scale renewable distributed generation system is more significant. Low prices of power semiconductors and multilevel inverters with high power quality have been recently investigated. However, the conventional multilevel inverter topology is unsuitable for the small-scale renewable distributed generation system, because the number of devices of such topology increases with increasing output voltage level. In this paper, a single-phase multilevel inverter based on H-bridge, with DC_Link divided by bi-directional switches, is proposed. The proposed topology has almost half the number of devices of the conventional multilevel inverter topology when these inverters have the same output voltage level. Double Fourier series solution is mainly used when comparing PWM output harmonic components of various inverter topologies. Harmonic components of the proposed multilevel inverter, which have been analyzed by double Fourier series, are compared with those of the conventional multilevel inverter. An inverter prototype is then developed to verify the validity of the theoretical analysis.

• Korean Chemical Engineering Research
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• v.56 no.5
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• pp.655-662
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• 2018

To respond effectively to climate change following the launch of the new climate system, the government is seeking to expand the use of distributed power resources. Among them, the district heating system centered on Combined Heat and Power (CHP) is accepted as the most realistic alternative. On the other hand, the government recently announced the change of energy paradigm focusing on eco-friendly power generation from the base power generation through $8^{th}$ Basic Plan for Long-term Electricity Supply and Demand(BPE). In this study, we analyzed the quantitative effects of profit and loss on the CHP operating business by changing patterns of the heat production, caused by the change of energy paradigm. To do this, the power market long-term simulation was carried out according to the $7^{th}$ and $8^{th}$ BPE respectively, using the commercialized power market integrated analysis program. In addition, the CHP operating model is organized to calculate the power and heat production level for each CHP operation mode by utilizing the operating performance of 830MW class CHP in Seoul metropolitan area. Based on this, the operation optimization is performed for realizing the maximum operating profit and loss during the life-cycle of CHP through the commercialized integrated energy optimization program. As a result, it can be seen that the change of the energy paradigm of the government increased the level of the ordered power supply by Korean Power Exchange(KPX), decreased the cost of the heat production, and increased the operating contribution margin by 90.9 billion won for the 30 years.

• 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.

• Journal of IKEEE
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• v.22 no.2
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• pp.324-329
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• 2018

As the environment of power systems changes, the demand and necessity for new electrical energy market are increasing. Especially, efforts to increase the efficiency of electric energy use by using demand response programs are being studied constantly in advanced countries and it is operated as a real market. This paper presents a study on the baseline load estimation required in the new power market, such as demand response, P2P electricity trading etc. The proposed method estimates the baeline load through analysis of the load pattern and verifies the effectiveness of the proposed method using actual data.

• Advances in Energy Research
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• v.7 no.2
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• pp.85-100
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• 2020

Distributed energy resources (DERs) are essential for coping with growing multiple energy demands. A microgrid (MG) is a small-scale version of the power system which makes possible the integration of DERs as well as achieving maximum demand-side management utilization. Hence, this study focuses on the analysis of optimal power dispatch considering economic aspects in a multi-carrier microgrid (MCMG) with price-responsive loads. This paper proposes a novel time-based demand-side management in order to reshape the load curve, as well as preventing the excessive use of energy in peak hours. In conventional studies, energy consumption is optimized from the perspective of each infrastructure user without considering the interactions. Here, the interaction of energy system infrastructures is considered in the presence of energy storage systems (ESSs), small-scale energy resources (SSERs), and responsive loads. Simulations are performed using GAMS (General Algebraic modeling system) to model MCMG, which are connected to the electricity, natural gas, and district heat networks for supplying multiple energy demands. Results show that the simultaneous operation of various energy carriers, as well as utilization of price-responsive loads, lead to better MCMG performance and decrease operating costs for smart distribution grids. This model is examined on a typical MCMG, and the effectiveness of the proposed model is proven.

• Journal of Energy Engineering
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• v.22 no.1
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• pp.17-27
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• 2013

Korean domestic electricity market is saturated through trying to find ways to overcome the limitations of the domestic electricity industry with overseas electricity markets. Korean electricity industry in the overseas market in order to pursue continuous growth, competitive and aggressive investment in overseas market is promoting. This paper attempts to apply input-output analysis to estimate the role of coal thermal power plant sector exports national economy. More specifically, this study shows what national economy effect of production-inducing effect, value-added inducing effect, and employment-inducing effect are explored with demand-driven model. After define coal thermal power plant sector what small sized of Input-Output table 168 sectors among 17 sectors, this study pays particular and close attention to coal thermal power plant sector by taking the sector as exogenous specification and then investigating economic impacts of it. This study uses coal thermal power plant exportation case of Vietnam project, production-inducing effect, value-added inducing effect, and employment-inducing effect are 2,853 billion won, 973 billion won and 14,761 persons, respectively.

• Environmental and Resource Economics Review
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• v.14 no.2
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• pp.519-547
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• 2005

The aim of this study is to analysis how economic welfare lost happens within the present korea seasonal and time period electricity pricing system and find out reasonable electricity price system acceptable during the transitional period of korea electricity industry restructuring To analyze economic welfare lost in the electricity industry, in advance seasonal and time periodic 9 demand curves(summer, spring ＆fall, winter/peak-load time, middle-load time, low-load time) and one market supply curve are made and then using these demand and supply curve, seasonal and time periodic market equilibrium prices is calculated. Finally, comparing these market equilibrium prices with present regulated classified seasonal and time periodic prices, the whole economic welfare lost in the electricity industry is calculated. The result of this study shows that in 2002, the total economic welfare lost in electricity industry is 137,770 million Won and under present price system, the worst welfare lost is happening seasonally in spring ＆ fall, time periodically in the middle-load time. Specifically analyzing the characteristics of welfare lost, especially on the industry customers and service customers which are applied in seasonal and time periodic pricing, for the industry customers, the welfare lost calculated in this class occupies 51% of the total welfare lost in the whole electricity industry and the worst welfare lost is happening seasonally in spring ＆ fall, time periodically in the middle-load time. For service customers, the welfare lost calculated in this class occupies 13% of the total welfare lost in the whole electricity industry and the worst welfare lost is happening seasonally in summer, time periodically in the peak time Finally, this study was made based on the year of 2002 and KEPCO has practiced two times of rate change until now. The result of rate change was positively analyzed in the direction of economic welfare improvement(welfare improvement achieved by 16.3% compared to 2002 result).

• KDI Journal of Economic Policy
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• v.34 no.2
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• pp.55-93
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• 2012

In Korea, energy policies are actualized through various energy-related plans. Recently, however, as high-ranking plans, which are very vision-oriented, continually set higher sector-by-sector goals, subordinate action plans, which require consistency, encounter distortions in their establishment process. Also, each subordinate action plan reveals limitations in terms of securing flexibility of the plan in responding to uncertainties of the future. These problems pose potential risks such as causing huge social costs. In this regard, with an aim to provide empirical evidence for discussions on improving the procedure for developing and executing Korea's energy plans, this study mainly analyzes the Basic Plan on Electricity Demand and Supply-one of the most important subordinate action plans-in order to explain the problems of the Basic Plan in a logical manner, and potential problems that could occur in the process of sustaining consistency between the Basic Plan and its higher-ranking plans. Further, this paper estimates the scale of social costs caused by those problems assuming realistic conditions. According to the result, in the case of where maximum electric power is estimated to be 7% (15%) less than the actual amount in the Basic Plan on Electricity Demand and Supply, the annual generation cost will rise by 286 billion won and (1.2 trillion won) in 2020. Such social costs are found to occur even when establishing and executing the Basic plan according to the target goal set by its higher-ranking plan, the National Energy Master Plan. In addition, when another higher-ranking GHG reduction master plan requires the electricity sector to reduce emissions by additional 5% in the GHG emissions from the right mix in electricity generation with 'zero' cost of carbon emission, the annual generation cost will rise by approximately 915 billion won in 2020. On the other hand, the analysis finds that since economic feasibility of electric powers in Korea varies significantly depending on their type, Korea is expected to face very small potential social costs caused by uncertainties over the future price of carbon dioxide in the process of establishing the Basic Plan.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.4
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• pp.534-541
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• 2012

This paper tries to elicit an optimal generation mix of Korea. Two approaches, using the screening curve method and taking advantage of a generation expansion planning tool, WASP-IV, are applied in getting the mix. The data used in this study is based on the 5th basic plan for long-term electricity supply and demand. The Load Duration Curve, that is needed for applying Screening Curve Method(SCM), is made based on the load profile in 2010. In our using SCM, the nuclear plant's operation characteristic, carbon emission cost and spinning reserve are considered. In using WASP-IV to get the adequate generation mix, the base and target demand forecasts in the 5th basic plan are used and the carbon emission cost is also considered. In this paper, It introduces the domestic adequacy generation mix in 2024 though SCM and WASP-IV.