• Proceedings of the Korea Society for Energy Engineering kosee Conference
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• 2004.05a
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• pp.341-346
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• 2004

In the present work, for various energy and electricity generating systems to be compared in view of integrated social impacts, nuclear, coal-fired, heavy oil-fired, and LNG, and hydroelectricity systems are considered as electricity generating options. The following assessment factors are selected: economic effect, health effect, environmental effect, and benefit at the national level. As a preliminary study, these factors are represented as power generation cost, estimated mortality, Carbon Dioxide gas emission, and fuel supply stability, respectively. For integrated representation of a multi-criteria decision-making (MCDM) problem, radar charts are introduced to facilitate a comparative recognition of estimates. In the near future, based on the estimates, a MCDM methodology for both qualitative and quantitative comparison will be developed.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.30 no.3
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• pp.130-142
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• 2018

We use heat pumps with thermal storage system to reduce peak usage of electric power during winters and summers. A heat pump stores thermal energy in a thermal storage tank during the night, to meet load requirements during the day. This system stabilizes the supply and demand of electric power; moreover by utilizing the inexpensive midnight electric power, thus making it cost effective. In this study, we propose a system wherein the thermal storage tank and heat pump are modeled using the TRNSYS, whereas the control simulations are performed by (i) conventional control methods (i.e., thermal storage priority method and heat pump priority method); (ii) region control method, which operates at the optimal part load ratio of the heat pump; (iii) load response control method, which minimizes operating cost responding to load; and (iv) dynamic programming method, which runs the system by following the minimum cost path. We observed that the electricity cost using the region control method, load response control approach, and dynamic programing method was lower compared to using conventional control techniques. According to the annual simulation results, the electricity cost utilizing the load response control method is 43% and 4.4% lower than those obtained by the conventional techniques. We can note that the result related to the power cost was similar to that obtained by the dynamic programming method based on the load prediction. We can, therefore, conclude that the load response control method turned out to be more advantageous when compared to the conventional techniques regarding power consumption and electricity costs.

• Journal of the Korean housing association
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• v.20 no.6
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• pp.39-46
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• 2009

It has been a serious problem to consume the energy of apartment while increasing to use of heating & cooling System because of residence environmental upgrades. Great attention has been shown to the problem of the rental apartment, so there are few reports of energy consumption about the rental apartment in korea. To solve the lack of housing, our country has supplied an enormous volume of apartments, and these days it occupies 75% of our buildings. As apartments occupy most of our housings, the rate of energy usage from them are also high. On this, setting apartment energy reduction as a target, by researching the actual conditions of energy consumption and drawing a basis data, we can apply this as a way of saving energy, rationalization of the scale of energy supply facilities and a standard when planning facilities. To grasp the present condition of energy usage of the urban rental apartment, this research analysed the use of electricity, gas and water monthly and annually of a rental apartment that is located in Daegu. The results showed that in 2003 the electricity usage was 1,198MWh but 1,315MWh in 2007, which means 9% of electricity usage increases every year. The average of water usage was $85,072\;m^2$ per year and typical energy consumption unit was $604.2\;MJ/m^2$ on $74.4\;m^2$ of area and $448.8\;MJ/m^2$ on $105.8\;M^2$. By showing the usage of energy and water of the urban rental apartment, understanding the tendency and preparing an typical energy consumption unit standard through this research, apartments should use energy more efficiently.

• Plant Journal
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• v.14 no.1
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• pp.47-51
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• 2018

This study analyzed the effect of power output reduction in coal fired power generation on the change of system marginal price and green house gas emissions. Analytical method was used for electricity market forecasting system used in korea state owned companies. Operating conditions of the power system was based on the the 7th Basic Plan for Electricity Demand and Supply. This as a reference, I analyzed change of system marginal price and green house gas emission by reduced power output in coal fired power generation. The results, if the maximum output was declined as 29 [%] to overall coal-fired power plant, system marginal price is reduced 12 [%p] compared to before and decreasing greenhouse gas emissions were 9,966 [kton]. And if the low efficiency coal fired power plant that accounted for 30 [%] in overall coal-fired power plant stopped by year, system marginal price is reduced 14 [%p] compared to before and decreasing greenhouse gas emissions were 12,874 [kton].

• Environmental and Resource Economics Review
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• v.20 no.4
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• pp.761-796
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• 2011

The purpose of this paper is to derive fuel mix of electricity generating system with the lowest cost considering energy security and climate change mitigations as the target of energy policy. Energy Security Price Index(ESPI), based on the measure of market concentration in fossil fuel market and political risk of exporting countries, is chosen to assess the level of energy security. The methodology of Energy Conservation Supply Curve(CSC) is applied to fuel mix to meet the carbon emission mitigation through increasing the alternatives participation and introduction of new technologies. These also represent an improvement on the level of energy security, having the complementarity between two objectives. The alternative measure for improving energy security is exploration and production(E&P) of fossil fuel for energy sufficiency. Fuel mix of electricity generating system to achieve certain objectives in 2020 can be derived with the lowest cost considering energy security and carbon emission mitigations.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.65 no.7
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• pp.1151-1160
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• 2016

In recent years, the energy storage systems such as LiB, NaS, RFB(Redox-Flow Battery), Super- capacitor, pumped hydro storage, flywheel, CAES(Compressed Air Energy Storage) and so on have received great attention as practical solutions for the power supply problems. They can be used for various purpose of peak shaving, load leveling and frequency regulation, according to the characteristics of each ESS(energy storage system). This paper will focus at 1 MWh RFB system, which is being developed through the original technology project of energy material. The output of ESS is mainly characterized by C-rate, which means that the total rated capacity of battery will be delivered in 1 hour. And it is a very important factor in the ESS operation scheduling. There can be several options according to the operation intervals 15, 30 and 60minutes. The operation scheduling is based on the optimization to minimize the daily electricity cost. This paper analyzes the cost-saving effects by the each operating time-interval in case that the RFB ESS is optimally scheduled for peak shaving and load leveling.

• New & Renewable Energy
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• v.8 no.4
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• pp.21-29
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• 2012

The extensible supply of New & Renewable energy resources desperately needs to counter the high dependence on imported energy, recent high oil prices and the Climate Change Conference, and the government has operated the 'Renewable Portfolio Standard' (RPS) as one of the renewable energy policy from 2012. By analyzing the operation case of combined heat and power plant using the woodchip biomass, we drew the price of wood chip fuel, plant capacity factor, electricity selling price, heat selling price and LCOE value. After analyzing the economic feasibility of 3MWe combined heat and power plant based on the operating performance, the minimum of economic feasibility has appeared to be secured according to the internal rate of return (IRR) is 6.34% and the net present value (NPV) is 3.6 billion won as of 20 years life time after installation, and after analyzing the cases of the economic feasibility of the price of wood chip, plant capacity factor, electricity and heat selling price are changed, the economic feasibility is valuable when the price of wood chip is over 64,000 won/ton, NPV is minus, and the capacity factor is above 46.9%, the electricity selling price is 116 won/kWh and the heat selling price is above 75,600 won/Gcal. When going over the new installation hereafter, we need the detailed review of the woodchip storage and woodchip feeding system rather than the steam-turbine and boiler which have been inspected many times, the reason why is it's hard to secure the suitable quality (constant size) of woodchip by the lack of understanding about it as a fuel because of the domestic poor condition and the calorific value of woodchip is seriously volatile compared with other fuels.

• Environmental and Resource Economics Review
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• v.28 no.2
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• pp.177-200
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• 2019

Energy demand forecast which serves as an essential input in energy policy is exposed to multiple factors of uncertainty such as GDP and weather forecast uncertainty. The Master Plan of Electricity Market in Korea which is biennially prepared is critically based on fluctuating energy demand forecast whereas its resulting proposal on electricity generation mix is substantially irreversible. The paper provides a real options model to evaluate energy transition policy by considering Knightian uncertainty as a measure to study multiple uncertainties with multiple set of probability distributions. Our finding is that the current energy transition policy under the master plan is not robust in terms of securing stable management of electricity demand and supply system.

• KEPCO Journal on Electric Power and Energy
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• v.8 no.2
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• pp.69-72
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• 2022

This paper actually investigates the load on major large-scale buildings in the downtown area, examines the economic feasibility of installing PV and ESS in a microgrid target building, and evaluates whether an electric vehicle capable of V2G through two buildings is effective as an economical analysis program (HOMER) was analyzed using. It is economical to install a mixture of ESS rather than using the whole PV, and it is shown that if there is an electric vehicle using the V2G function of EV, there is an economic effect to replace the PV. So that Incentives and policies are needed to replace a large area of PV and utilize the existing parking lot to lead EV as a resource of the microgrid. Currently, P2X technology that stores power as ESS or converts it to other energy to control when surplus renewable energy occurs in large-capacity solar power plants and wind farms, etc. This is being applied, and efforts are being made to maintain the stability of the system through the management of surplus power, such as replacing thermal energy through a heat pump. Due to the increase in electric vehicles, which were recognized only as a means of transportation, technologies for using electric vehicles are developing. Accordingly, existing gas stations do not only supply traditional chemical fuels, but electricity, and super stations that also produce electricity have appeared. Super Station is a new concept power plant that can produce and store electricity using solar power, ESS, V2G, and P2G. To take advantage of this, research on an urban microgrid that forms an independent system by tying a large building and several buildings together and supplies power through a super station around the microgrid is in full swing.

• Land and Housing Review
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• v.9 no.2
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• pp.41-50
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• 2018

The purpose of this study is to review the U.S. renewable energy policies implemented by the federal government and the state governments to investigate potential barriers of renewable energy expansion and to develop policy implications for the successful renewable energy policy making in Korea. Recently, the restructuring in the energy supply chain has been being a new trend in many countries that shows a transition from traditional fossil fuels to sustainable renewable energy sources. The United States has enforced effective renewable energy policies (i.e., regulatory policies, financial incentives), which have led to the exploding growth of renewable energy facilities and productions over the last ten years. For example, many state governments in the U.S. are implementing Renewable Portfolio Standard (RPS) policies that require increased energy supply from renewable energy sources (i.e., solar, wind and geothermal). These RPS policies are expected to account for at least 10-50 percent of total electricity production in the next fifteen years. As part of results, in the recent three years, renewable energy in the U.S provided over 50 percent of total new power generation constructions. On the other hand, Korea initiated to develop climate change policies in 2008 for the Green Growth Policy that set up a target reduction of national Greenhouse Gas (GHG) emissions up to 37 percent by 2025. However, statistical data for accumulated renewable energy capacity refer that Korea is still in its early stage that contribute to only 7 percent of the total electricity production capacity and of which hydroelectric power occupied most of the production. Thus, new administration in Korea announced a new renewable energy policy (Renewable Energy 3020 Plan) in 2017 that will require over 95 percent of the total new generations as renewable energy facilities to achieve up to 20 percent of the total electricity production from renewable energy sources by 2030. However, to date, there have not been enough studies to figure out the barriers of the current policy environment and to develop implications about renewable energy policies to support the government plan in Korea. Therefore, this study reviewed the U.S. renewable energy policies compared with Korean policies that could show model cases to introduce related policies and to develop improved incentives to rapidly spread out renewable energy facilities in Korea.