• Title/Summary/Keyword: Electricity Industry

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Elasticity of substitution of renewable energy for nuclear power: Evidence from the Korean electricity industry

  • Kim, Kwangil
    • Nuclear Engineering and Technology
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    • v.51 no.6
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    • pp.1689-1695
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    • 2019
  • This study suggests a simple economic model to analyze electricity grid that consists of different power sources. The substitutability of renewable energy for nuclear power in Korean electricity transmission network is investigated by suggested model. The monthly data from January 2006 to December 2013 reported by Electricity Power Statistics Information System (EPSIS) of Korea Power EXchange (KPX) are used. To estimate the elasticities of substitution among four power sources (i.e. coal, natural gas, nuclear power, and renewable energy), this paper uses the trans-log cost function model on which local concavity restrictions are imposed. The estimated Hicks-Allen and Morishima elasticity of substitution shows that renewable electricity and nuclear power are complementary. The results also evidenced that renewable electricity and fossil fueled thermal power generation are substitutes.

Electricity Market Design for the Incorporation of Various Demand-Side Resources in the Jeju Smart Grid Test-bed

  • Park, Man-Guen;Cho, Seong-Bin;Chung, Koo-Hyung;Moon, Kyeong-Seob;Roh, Jae-Hyung
    • Journal of Electrical Engineering and Technology
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    • v.9 no.6
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    • pp.1851-1863
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    • 2014
  • Many countries are increasing their investments in smart grid technology to enhance energy efficiency, address climate change, and trigger a green energy revolution. In addition to these goals, Korea also seeks to promote national competitiveness, prepare for the growth of the renewable energy industry, and export industrialization through its strategic promotion of the smart grid. Given its inherent representativeness for Korean implementation of the smart grid and its growth potential, Jeju Island was selected by the Korean government as the site for smart grid testing in June 2009. This paper presents a new design for the electricity market and an operational scheme for testing Smart Electricity Services in the Jeju smart grid demonstration project. The Jeju smart grid test-bed electricity market is constructed on the basis of day-ahead and real-time markets to provide two-way electricity transaction environments. The experience of the test-bed market operation shows that the competitive electricity market can facilitate the smart grid deployment in Korea by allowing various demand side resources to be active market players.

Development of an Integrated Power Market Simulator for the Korean Electricity Market

  • Hur Jin;Kang Dong-Joo;Moon Young-Hwan
    • KIEE International Transactions on Power Engineering
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    • v.5A no.4
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    • pp.416-424
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    • 2005
  • At present, the Korean electricity industry is undergoing restructuring and the Cost Based-generation Pool (CBP) market is being operated in preparation of a Two Way Bidding Pool (TWBP) market. In deregulated electricity industries, an integrated power market simulator is one of the tools that can be used by market participants and market operators analyzing market behaviors and studying market structures and market codes. In this regard, it is very important to develop an electricity market simulator that reflects market code providing a market operation mechanism. This paper presents the development of an integrated market simulator, called the Power Exchange Simulator (PEXSIM), which is designed to imitate the Korean electricity market considering the various features of the market operating mechanism such as uniform price and constrained on/off payment. The PEXSIM is developed in VB.NET and composed of five modules whose titles are M-SIM, P-SIM, O-SIM, T-SIM and G-SIM interfacing the Access database program. To verify the features and the performance of the PEXSIM, a small Two Way bidding market with a 12-bus system and a One Way bidding market for generator competition will be presented for the electricity market simulations using PEXSIM.

A Multiple Variable Regression-based Approaches to Long-term Electricity Demand Forecasting

  • Ngoc, Lan Dong Thi;Van, Khai Phan;Trang, Ngo-Thi-Thu;Choi, Gyoo Seok;Nguyen, Ha-Nam
    • International journal of advanced smart convergence
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    • v.10 no.4
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    • pp.59-65
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    • 2021
  • Electricity contributes to the development of the economy. Therefore, forecasting electricity demand plays an important role in the development of the electricity industry in particular and the economy in general. This study aims to provide a precise model for long-term electricity demand forecast in the residential sector by using three independent variables include: Population, Electricity price, Average annual income per capita; and the dependent variable is yearly electricity consumption. Based on the support of Multiple variable regression, the proposed method established a model with variables that relate to the forecast by ignoring variables that do not affect lead to forecasting errors. The proposed forecasting model was validated using historical data from Vietnam in the period 2013 and 2020. To illustrate the application of the proposed methodology, we presents a five-year demand forecast for the residential sector in Vietnam. When demand forecasts are performed using the predicted variables, the R square value measures model fit is up to 99.6% and overall accuracy (MAPE) of around 0.92% is obtained over the period 2018-2020. The proposed model indicates the population's impact on total national electricity demand.

A Study on Performance Evaluation of New & Renewable Energy Feed-in Tariffs (신재생에너지 발전차액지원제도의 성과평가에 관한 연구)

  • Cho, Ki-Seon;Rhee, Chang-Ho
    • Proceedings of the KIEE Conference
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    • 2008.11a
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    • pp.485-487
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    • 2008
  • 본 논문은 신재생에너지 보급 확대를 위해 2002년도부터 국내에서 시행되고 있는 발전차액지원제도의 시행성과의 평가기준으로서의 성과지표를 개발하였다. 제안한 성과지표는 평가자의 주관이 개입될 수 있는 지의 여부에 따라 정량(계량)지표와 정성(비계량)지표로 구분하고, 사업시행절차에 따른 투입, 과정, 산출, 그리고 결과지표로 구분하여 성과지표를 구성하였으며, 유관기관별 성과지표의 정보공유체계를 제안하였다.

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A Case Study of Decreasing Environment Pollution Caused by Energy Consumption of a Dormitory Building Which Only Using Electricity by Efficiently Simulating Applying Residential SOFC (Solid Oxide Fuel Cell)

  • Chang, Han;Lee, In-Hee
    • Architectural research
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    • v.21 no.1
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    • pp.21-29
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    • 2019
  • Recent years in Korea, some new developed buildings are only using electricity as power for heating, cooling, bathing and even cooking which means except electricity, there is no natural gas or other kinds of energy used in such kind of building. In vehicle industry area, scientists already invented electric vehicle as an environment friendly vehicle; after that, in architecture design and construction field, buildings only using electricity appeared; the curiosity of the environment impact of energy consumption by such kind of building lead me to do this research. In general, electricity is known as a clean energy resource reasoned by it is noncombustible energy resource; however, although there is no environmental pollution by using electricity, electricity generation procedure in power plant may cause huge amount of environment pollution; especially, electricity generation from combusting coal in power plant could emit enormous air pollutants to the air. In this research, the yearly amount of air pollution by energy using under traditional way in research target building that is using natural gas for heating, bathing and cooking and electricity for lighting, equipment and cooling is compared with yearly amount of air pollution by only using electricity as power in the building; result shows that building that only uses electricity emits much more air pollutants than uses electricity and natural gas together in the building. According to the amount of air pollutants comparison result between two different energy application types in the building, residential SOFC (Solid oxide fuel cell) is simulated to apply in this building for decreasing environment pollution of the building; furthermore, high load factor could lead high efficiency of SOFC, in the scenario of simulating applying SOFC in the building, SOFC is shared by two or three households in spring and autumn to increase efficiency of the SOFC. In sum, this research is trying to demonstrate electricity is a conditioned environment friendly energy resource; in the meanwhile, SOFC is simulated efficiently applying in the building only using electricity as power to decrease the large amount of air pollutants by energy using in the building. Energy consumption of the building is analyzed by calibrated commercial software Design Builder; the calibrated mathematical model of SOFC is referred from other researcher's study.

A Study on the Effects of Maintenance Schedule in a Competitive Electricity Market (경쟁시장에서 보수계획의 수익영향과 최적보수 방향)

  • Kim, C.S.;Rhee, C.H.
    • Proceedings of the KIEE Conference
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    • 2003.07a
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    • pp.593-595
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    • 2003
  • The introduction of electricity industry provides generators incentives to recover the related cost through the market. Hence, the generator should sell his/her electricity at high market-clearing price with optimal operation of his/her power plant. The maintenance of power plant is the most critical factor in affecting generators' decision-making. This paper analyzes technique for establishing maintenance schedule reflecting recovery cost and considers differences in monthly load pattern in minimizing LOLP.

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Advanced electricity electron information communication facility obstacle factor and countermeasure investigation in digital age (디지털시대의 첨단 전기 전자 정보 통신설비 장애요인과 대책 고찰)

  • Kang, Tae-Keun
    • Proceedings of the Korean Institute of IIIuminating and Electrical Installation Engineers Conference
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    • 2004.05a
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    • pp.110-115
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    • 2004
  • Examine merits and demerits and obstacle factor that exist to all direction of digital infratechnology that is supplied on industry whole according to development special quality of computer by development of computer and Information Technology and electricity electron information communication facility that basic impulse insulation level does not exist examined scorched earth or an interference problem factor and countermeasure of semiconductor degauss of factor and electricity electron information transmission system that is numbed or causes system down.

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Development of efficient smart library resource management system based on IoT (IoT 기반의 효율적인 스마트도서관 자원 관리 시스템 개발)

  • Lee, Joohwa;Lee, Myungsuk
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.15 no.2
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    • pp.1-9
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    • 2019
  • In this study, we constructed a system to operating and manage the resources of the Smart Library Reading Room automatically using the Internet of things. The persistent problem of smart library or unattended library is electric energy waste and efficient seat management. The electricity and seat layout management method of the existing library reading room is being treated as concentrated management in the central system. However, this approach results in wasting electricity and seats do not provide a fair opportunity for each user. In this study, IoT sensor was used to turn off electricity and empty seat for about 20 minutes, so that it could be marked as vacant and managed efficiently, so that opportunities for seats were evenly maintained. In the future, we will improve this and construct a model in the reading room of actual village library or school library, and analyze and reflect the result.

A Study of Circuit Characteristic of Bi-Directional DC-DC Converter (자동차용 양방향 DC-DC 컨버터의 회로특성에 관한 연구)

  • Kim, Min-Jo;Jeong, Jin-Beom;Kim, Hee-Jun;Lee, Baek-Haeng
    • Proceedings of the KIEE Conference
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    • 2006.07b
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    • pp.952-953
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    • 2006
  • As car industry takes the DMB, geographical feature information and Internet service recently, the need of an electricity energy is the trend to increase. But existing 12V car electricity system is difficult to be satisfied rapidly increasing electricity need. A relation component company is adding the spur at a high electricity system development. In this paper we accomplished the hi-directional DC-DC Converter for high electricity system composed 42V configuration device. Through a simulation experiment, We looked into the control method and the operation characteristic of the circuit, We accomplished the comparison analysis for fit topoloy selection.

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