• Journal of Energy Engineering
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• v.24 no.2
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• pp.9-16
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• 2015

As electricity is an indispensable input to human's existence and industrial production, economic benefits arise from consumption. The economic benefits of the electricity consumption are useful information in various fields of electricity-related policy. Therefore, this study attempts to value the economic benefits from electricity use. The economic benefit of electricity consumed is the area under the demand curve which made of the sum of the actual consumer expenditure and the consumer surplus. Consumer expenditure can be easily observed but the information on price elasticity of demand is necessarily required to compute consumer surplus. This study derives the estimates for price elasticities through literature review. The price elasticities of the electricity demand for residence, industry, and commercial are estimated to be -0.332, -0.351, and -0.263, respectively. Because the consumer surplus of the electricity consumption for residence, industry, and commercial are computed to be 191.54, 143.44, and 231.91 won per kWh, respectively. Given that average prices of electricity use were 127.02, 100.70, and 121.98 won per kWh for the year 2013, the economic benefit are calculated to be 318.56, 244.14, and 353.89 won per kWh, respectively. We can convert the values to 321.96, 246.75, and 357.67 won per kWh in 2014 constant price, respectively, using consumer price index. They can be used in the economic feasibility analysis of a new electricity supply project.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.53 no.2
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• pp.97-103
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• 2004

CHP system supplies electricity and heating together with high efficiency. Current utility's CHP system uses electric power by itself and sells thermal energy to KDHC(Korea District Heating Corporation). CHP's operation cost except sales revenue of heating was covered by the sale revenue of electricity. Thus Electric generation cost in district Heating CHP system has close relationship with the level of heating price. However, after the restructuring of electricity industry, the operation cost could not be covered by sales revenue of heating and electricity. This loss was compensated by energy subsidy program in the electric power industry infrastructure fund. This paper suggests reasonable evaluation and improvement methods of the loss calculation of CHP system utilizing the infrastructure fund efficiency In terms of the direction of support by the fund, it provides the methods to prevent inefficient operation through setting up the upper limit of subsidy and to improve the loss calculation. Moreover, it suggest fixed rate support by heating supply level and reducing subsidy gradually for an efficient operation of CHP system.

• Journal of the Korean Society of Industry Convergence
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• v.12 no.2
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• pp.69-78
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• 2009

Dust in the fabric production sites is increased by the static electricity in air which is generated in the manufacturing process. The static electricity is shown in inverse proportion to humidity of the production sites. The optimum humidity rate for the filament in the production process has been established as 65~75%. Where as, average humidity rate of production site is estimated as 40%. Therefore, it is necessary to raise the humidity rate by 30% to maintain appropriate humidity to control generation of static electricity and dust in the production sites. In this study, a new air-jet water sprayer was developed and it can produce $10{\mu}m$ sprayed particles. When the air-jet water sprayer was operated on the production site dust generation rate was shown far below the environmental standard. It is assumed that when the air jet sprayers was applied to 1,000 fabric machines of 5 gloves making plants, its productivity and rates of operation will be improved by value of about 2.5 billion Won a year.

• Environmental and Resource Economics Review
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• v.17 no.4
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• pp.751-774
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• 2008

In this paper, we examine the institutional prices differences in the electricity and natural gas industries using unbalanced panel data from 1999 to 2001. The changing market structures following deregulation in both markets allow us to examine the institutional prices differences by ownership type, market structure and merger activities. Estimating the reduced form, after controlling both intrinsic characteristic (marginal costs) and external factors (demand), allows us to identify the extent to which specific factors are correlated with the price. Furthermore it allows us to identify systematic institutional price differences in both electricity and natural gas markets. Our estimation results suggest that the private firms in electricity markets are associated with higher prices than public firms after controlling for demand and cost. We further find that dual-product firms in the natural gas industry and the electricity industry are associated with lower rates than single product firms. These results provide a weak evidence of economies of scope in the dual-product firms. Our results finally suggest that merger activities in natural gas markets are associated with higher rates.

• Journal of Korea Technical Association of The Pulp and Paper Industry
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• v.47 no.5
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• pp.52-60
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• 2015

Static electricity is an imbalance of electric charges within or on the surface of a material. All packed items that are particularly sensitive to static discharge must be protected by antistatic treatment. Otherwise, static electricity generated by an electrical insulator may cause serious damages to some sensitive electronics. In order to remove or prevent a buildup of static electricity, packed items must be treated with the application of an antistatic agent, which helps any excess charge to be evenly distributed. Functional pulp tray used for packing of electronic goods was developed with application of an antistatic agent. As the concentration of the antistatic agent increased, charging voltage and surface resistance of molded pulps decreased. The increase of humidity in surrounding atmosphere around molded pulps led to the decrease of accumulation of static charges. In conclusion, the surface treatment of the antistatic agent not only reduced or eliminated buildup of static electricity in the surface, but also prevented generation of tiny dirts from molded tray.

• Proceedings of the KIEE Conference
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• 2007.07a
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• pp.822-823
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• 2007

It is easily can be expected that Korea cannot be free under the regulation, because Korea is one of the major $CO_2$ emitter in the world. Even though Korea currently doesn't have any obligation to mitigate the carbon emission, power industry needs to study the effect of that. this paper aims to analyze the change of economic loading order for generation dispatch by various carbon price, looking at each plant's or generator's variable generation cost per unit electricity(kWh) that consists of basic generation price calculated by automatic generation system planning model, WASP 4.0, and $CO_2$ price per unit electricity generation.

• IE interfaces
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• v.20 no.2
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• pp.186-194
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• 2007

Recent deregulation of Korean electricity industry has made each power generation company pay more attention to maximizing its own profit instead of minimizing the overall system operation cost while guaranteeing system security. Electricity power generation problem is typically defined as the problem of determining both the on and off status and the power generation level of each generator under the given fuel constraints, which has been known as Profit-Based Unit Commitment (PBUC) problem. To solve the PBUC problem, the previous research mostly focused on devising Lagrangian Relaxation (LR) based heuristic algorithms due to the complexity of the problem and the nonlinearity of constraints and objectives. However, these heuristic approaches have been reported as less practical in real world applications since the computational run time is usually quite high and it may take a while to implement the devised heuristic algorithms as software applications. Especially when considering long-term planning problem which spans at least one year, the complexity becomes higher. Therefore, this paper proposes an explicit column generation algorithm using power generation patterns and the proposed algorithm is successfully applied to a Korean power generation company. The proposed scheme has a robust structure so that it is expected to extend general PBUC problems.

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

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.54 no.8
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• pp.418-428
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• 2005

In this paper, a new probabilistic generation modeling method which can address the characteristics of changed electricity industry is proposed. The major contribution of this paper can be captured in the development of a probabilistic generation modeling considering generator maintenance outage and in the classification of market demand into multiple demand clusters for the applications to electricity markets. Conventional forced outage rates of generators are conceptually combined with maintenance outage of generators and, consequently, effective outage rates of generators are newly defined in order to properly address the probabilistic characteristic of generation in electricity markets. Then, original market demands are classified into several distinct demand clusters, which are defined by the effective outage rates of generators and by the inherent characteristic of the original demand. We have found that generators have different effective outage rates values at each classified demand cluster, depending on the market situation. From this, therefore, it can be seen that electricity markets can also be classified into several groups which show similar patterns and that the fundamental characteristics of power systems can be more efficiently analyzed in electricity markets perspectives, for this classification can be widely applicable to other technical problems in power systems such as generation scheduling, power flow analysis, price forecasts, and so on.

• Proceedings of the KIEE Conference
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• 2005.07a
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• pp.801-803
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• 2005

Fundamentally, success of the competitive electricity market is dependent on efficient market design. However, since electricity incorporates various physical constraints as other commodities, the resource assignment (i.e., dispatch scheduling) is also one of requisites for the successful operation of electricity market. Therefore, efficient dispatch scheduling is an important issue to succeed in the deregulated electricity market and the efficiency of this electricity market may be considerably increased by systematic studies on dispatch scheduling algorithm and corresponding constraints, especially system security. Moreover, contrary to traditional vertically-integrated electric power industry condition, since various decision-makings in deregulated electricity market are directly connected with market participants' benefits, only rational dispatch scheduling algorithm can convince these participants. Therefore, it can provide a basis of grievance prevention. In this paper, we propose an algorithm for security constrained dispatch scheduling with respect to load curtailment. Proposed algorithm decomposes the dispatch problem into a master problem corresponding to basecase optimal power flow (OPF) and several subproblems corresponding a series of contingencies using two-stage optimization technique.