• KIEAE Journal
• /
• v.15 no.6
• /
• pp.5-10
• /
• 2015

Purpose: To evaluate the economic performance of grid-connected photovoltaic system in residential house, household electricity bill policy of Korea Electric Power Corporation (KEPCO) must be applied precisely, and market tendency and uncertainty of system also need to be considered. In this study, to evaluate the economic feasibility of PV system, we measured PV power generation and electricity consumption of six of Green home in Daejeon through web based remote monitoring system. Method: We applied Monte-Carlo simulation based on life cycle cost analysis, to reflect an uncertainty of main factor in economic feasibility evaluation of photovoltaic system. Result: First, with deterministic analysis, the difference of NPV of cumulative financial savings among households varied from -3,310 ~ 24,170 thousand won, portraying notably big range. Also the possibility of getting the same result was 50% when applying uncertainty. Second, the higher electricity consumption is, the more economic feasibility of photovoltaic system increases because KEPCO uses progressive taxation in household electricity bill policy. Third, The contribution to variance of electricity price increases in NPV varied from 98.5% to 99.9%. While the inflation rate and annual degradation contributed very little to none.

• Journal of the Korean Solar Energy Society
• /
• v.39 no.2
• /
• pp.33-43
• /
• 2019

In this study, reflecting long-term climate characteristics, we analyzed electricity generation and generation characteristics of 3kWp PV system, which was semi-integrated with air duct behind. Using PVsyst as a simulation analysis tool, we inputted "National reference standard weather data" of 16 regions as a typical climatic data. The result is summarized as follows: First, the national average annual electricity generation was 1,312 kWh/kWp (StDev, ${\sigma}=71$). It was most abundant in Mokpo with 1,434 kWh/kWp, which was average 21% greater than the lowest with 1,165 kWh/kWp in Seoul and 1,197 kWh/kWp in Jeju. National average daily generating time based on STC was 3.6 hours (${\sigma}=0.43$), and that of Mokpo and Seoul was 3.9 and 3.2 hours respectively. Second, Jeju showed the great difference of annual monthly generation by month (annual average = 99.7 kWh/kWp, ${\sigma}=25.5$), while Jinju showed the smallest difference (annual average = 115.5 kWh/kWp, ${\sigma}=10.6$). Generation in Jeju was at the largest in April with 132.2 kWh/kWp, which was 2.3 times greater than the lowest 55.2 kWh/kWp in January. However, generation in Jinju was at the largest in March with 129.3 kWh/kWp, which was only 1.3 times greater than the lowest 101.1 kWh/kWp in June. Third, the annual average PR was the highest in Incheon with 85.8% and the lowest in Jeju with 83.2%. PR of Mokpo was 84.3%, which was lower than that of national average.

• 한국신재생에너지학회:학술대회논문집
• /
• 2005.06a
• /
• pp.412-415
• /
• 2005

Solar thermal power generation is one of promising and well-proven ways to convert solar energy to electricity. Though it requires high initial cost for system construction and continuous efforts for maintainment. it is more positive in terms of efficiency than other solar power generation technologies. Moreover, solar thermal power generation allows additional benefits of cheap thermal storage and easy hybridization with other fossil fuel-driven power generation. Owing to these benefits, large scale solar thermal power generation technology is expected to be competitive to other commercial technologies in the near future. In this paper an overview on the solar thermal hybrid power generation technology and the state of the art in Korea were briefly introduced.

• KIEAE Journal
• /
• v.14 no.6
• /
• pp.87-92
• /
• 2014

The objectives of this study are to investigate input variables of photovoltaic generation programs and to compare their prediction to actual generation of photovoltaic system in the C city hall and the C city sewage treatment plant. We investigated the actual amount of generation, the forecast amount of generation, the amount of solar radiation data, and calculated the relative errors. We simulated the photovoltaic system of C city hall and the C city sewage treatment plant located in Chungju using existing programs, such as SAM, RETSCREEN, HOMER, PV SYST, Solar Pro. The result of this study are as follows : Through examining the relative errors of monthly predicted and actual generation data, monthly generation data showed big errors in winter season?. Except winter season, actual amount of generation and the predicted amount of generation showed no large errors.

• Nuclear industry
• /
• v.5 no.11 s.33
• /
• pp.39-45
• /
• 1985

In some parts of Canada, such as Ontario, the choice between nuclear and coal is clear : the economics, environmental, and public health effects all favour nuclear. It is recognized that the economics of coal depend largely on the price of coal, which in

• Journal of the Economic Geographical Society of Korea
• /
• v.26 no.2
• /
• pp.96-109
• /
• 2023

Recently, there has been a lot of discussion about the regional pricing of electricity and electricity self-sufficiency. In Korea, power generation facilities are highly ubiquitous and there is an imbalance between electricity production and consumption regions. So it is proposed to charge different price by region, instead of the current nationwide uniform price, and the regional electricity self-sufficiency rate is proposed as a criterion for identifying electricity production and consumption regions. However, many discussions set the spatial unit for measuring electricity self-sufficiency by 17 Si·Do, which needs to be analyzed for its appropriateness. In this study, we analyzed the electricity self-sufficiency rate using 17 provinces and 229 Si·Gun·Gu as the spatial unit. As a result of the analysis, there are 7 and 10 electricity producing and consuming regions at Si·Do level, but 38 and 191 at Si·Gun·Gu level. In addition, although the electricity self-sufficiency rate measurement has the advantage of identifying electricity production and consumption areas in a simple and intuitive way, we points out that it has some problems with the criteria for regional pricing of electricity.

• Environmental and Resource Economics Review
• /
• v.28 no.2
• /
• pp.201-229
• /
• 2019

This paper estimates the effects of generation mix changes in the $7^{th}$ and $8^{th}$ Basic Plan for Long-term Power Supply and Demand from two aspects: economic efficiency through electricity prices and environmental performance through $CO_2$ and air pollutants(NOx, SOx, PM) emissions. Particularly, we examined additional generation mix conversion paths that take into account the trade-off between economic efficiency and environmental performance through scenario analysis. According to our results, the conversion from the $7^{th}$ plan to the $8^{th}$ plan should increase the electricity prices in the mid- and long-term, while reducing GHG and air pollutants emissions at the same time. The alternative generation mix that combines $7^{th}$ and $8^{th}$ plans shows that there exists a path to mitigate the trade-off between economic and environmental in the long-term. It will be next to impossible to derive a optimal generation mix that simultaneously considers the core values, such as supply stability, environmental performance, economic efficiency, energy safety and energy security, when establishing the power supply and demand plan. However, by exploring the effects of various generation mix paths and suggesting near-optimal paths, people can best choose their direction after weighhing all the paths when deciding on a forward-looking generation mix in the long term.

• 한국신재생에너지학회:학술대회논문집
• /
• 2010.11a
• /
• pp.137.2-137.2
• /
• 2010

With current real economic growth of more than 10% per year, the Chinese energy consumption is rapidly increasing. Coal supply consists of the vast majority of China's total energy consumption requirements in 2008. China, the largest energy consumer, is expected to be heavily dependent on coal for future power generation, too (IEA,2009). A growing concern on global warming, on the other hand, drives Chinese government to declare her commitment to the reduction of CO2 emission by 2020. In this paper, China's energy market is examined for the current and future primary energy mix. Coal is found to be the biggest part accounting for 68.7% of total primary energy consumption while coal-fired power accounts for over 80% of the total power generation. The importance of Clean Coal Technology is being discussed based on the findings of the importance of coal in China's economy and its sustainable development. Among the technologies involved, a brief investigation of IGCC(Integrated Gasification Combined Cycle) technology with a review on current IGCC projects in China are provided from the perspective of environmental benefits. Studies on regional Chinese power market is also conducted. It is found that the regulated power tariff in electricity system makes the power suppliers suffer from financial loss and changes in the electricity price system is under serious consideration by Chinese government. Even though Chinese power market system causes difficulties of commercialization for IGCC technology, the potential benefits will be high due to China's huge requirements of power generating capacity and its heavy reliance on coal if the electricity price system can be changed smoothly.

• Journal of the Korean Institute of Intelligent Systems
• /
• v.24 no.4
• /
• pp.379-384
• /
• 2014

This paper proposes a Cournot model that can be used to analyze the strategic behaviors of generation companies which try to maximize their profits in an imperfectly competitive electricity and carbon markets. The proposed model consists of two parts. First, the strategic behaviors of generation companies are modeled based on the Cournot theory. Second, the market operation is modeled based on the assumption that the market operator tries to maximize the total social welfare in consideration of environmental welfare. To find the Nash equilibrium of the proposed model, the two-level optimization technique is used. The proposed method has been applied to an illustrative example of oligopolistic markets. We found that the proposed method has strong potential to analyze the influence of the strategic biddings of the generation companies and the impact of renewable generator on markets where the competitiveness of the markets is not fully developed.

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