• Journal of the Korea Society for Simulation
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• v.13 no.2
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• pp.35-43
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• 2004

The purpose of this study is an economic analysis of power plant utilities by comparing electricity generating cost including environmental costs. Considering the enormous role of electricity in the national economy, it is very important to study the effect of environmental regulation on the electricity sector. Because power utilities need for large investment during construction, operation and maintenance, and also require much construction lead time. Economic analysis is the important process in the electric system expansion planning. This paper compares the costs of electricity generation including environmental costs between a coal-fired power plant and an LNG combined cycle power plants. With the simulation, this study surveys the sensitivity of fuel prices, interest rate and carbon tax. In each case, this sensitivity can help to decide which utility is economically better in environmental regulation circumstance.

• Proceedings of the KIEE Conference
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• 2002.07b
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• pp.1342-1344
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• 2002

Wind is a significant and valuable renewable energy resource. It is safe and abundant and can make an important contribution to future clean, sustainable and diversified electricity supplies. Unlike other sources of energy, wind does not pollute the atmosphere nor create any hazardous waste. In some countries wind energy is already competitive with fossil and nuclear power even without accounting for the environmental benefits of wind power. The cost of electricity from conventional power stations does not usually take full account of its environmental impact (acid rain, oil slick clean up, the effects of climate change, etc). In this paper, a transient phenomenon simulation method for Wind Power Generation System(WPGS) under real weather conditions has been proposed. The simulation method is expected to be able to analyze easily under various conditions with considering the sort of wind turbine, the capacity of system and the converter system. Wind turbine connected to the synchronous generator and power converter was simulated.

• Journal of the Korean Society for Precision Engineering
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• v.31 no.10
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• pp.935-945
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• 2014

This paper presents a new road generative system that employs a pad of preventive overspeed or tollgate. The system consists of pad, shaft, torsional damper, oneway-clutch, gear system, and electricity generator components. When the car driven through the road generation system, it occurred to surplus energy in the DC power. In order to maximize the power of electricity energy harvester, the simulation software is developed. It is used to determine parametric dimension for optimal design with the theoretically calculated results from the simulation software. The transient responses at the conditions of low and high vehicle speed are compared with the calculated results as torque, impact force, power, out energy etc. Consequently, before design a road generation system, the analysis of simulation results shows that the proposed concept and system has efficiency and confidence.

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

• 한국신재생에너지학회:학술대회논문집
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• 2008.05a
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• pp.270-273
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• 2008

The integrated power system combining a tidal power plant and two ocean current power parks is suggested. It is characterized by the set up of an ocean current power park in the lake side by installing a number of ocean current turbines generating electricity by using sea water flow discharged into the lake side from the turbine generator of a tidal power plant and an ocean current power park in the sea side by installing a number of ocean current turbines generating electricity by using sea water flow exiting into the sea side through the sluice gate from the lake side. The vision of the integrated power system is demonstrated by the simple theory and simulation results of the SIWHA Tidal Power Plant. And it is shown that the newly proposed integrated power system combining tidal power and ocean current power can produce very high economical benefits.

• Proceedings of the KIEE Conference
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• 2001.11c
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• pp.61-64
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• 2001

The electric power load during the peak time in summer is strongly affected by cooling load. which decreases the preparation ratio of electricity and brings about the failure in the supply of electricity in the electric power system. The ice-storage system and heat pump system etc are used to settle this problem. In this study, the method of estimating temperature and humidity to forecast the cooling load of ice-storage system is suggested. And also the method of forecasting the cooling load using neural network is suggested. For the simulation, the cooling load is calculated using actual temperature and humidity. The forecast of the temperature, humidity and cooling load are simulated. As a result of the simulation, the forecasted data approached to the actual data.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.54 no.2
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• pp.88-96
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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 preparing for Two Way Bidding Pool(TWBP) market open. As the circumstance of the traditional system is changed according to power system deregulation, the simulation tool which should reflect market code providing market operating mechanism is needed to analyze an electricity market. This paper presents the development of an unique market simulator, Market Modeling and Price Simulator(MMPS) that is designed to imitate the Korean electricity market considering uniform price. The MMPS is developed in VB.NET and is composed of two modules that consist of market modeling and price simulation interfacing access database program. To evidence the features and the performance of MMPS, a small two way bidding market with 12-bus system and one way bidding market for generator competition will be presented for the electricity market simulations using MMPS.

• Proceedings of the KIEE Conference
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• 2004.11b
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• pp.97-100
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• 2004

As the circumstance of the traditional system is changed according to power system deregulation, the simulation tool which should reflect market code providing market operating mechanism is needed to analyze an electricity market. This paper presents the development of Electricity Market Price Simulator for short term(EMPS) that is designed to imitate the Korean electricity market. The EMPS is developed in VB.NET and is composed if three functions that consist of calculating SMP for CBP market, MCP for TWBF market and LMP for LMP-market. To evidence the features and the performance of EMPS, a small two way bidding market with 12-bus system, one way bidding market for generator competition and LMP market with 5-bus system will be presented for the electricity market simulations using EMPS.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.63 no.8
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• pp.1025-1032
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• 2014

The effective energy management method will provide the significant advantage to the residential customers under real time pricing plan since it can reduce the electricity charge by controlling the energy consumption according to electricity rate. The earlier studies for load management mainly aim to minimize the electricity charges and peak power but put a less emphasis on the human comfort dwelling in the residence. The discomfort and displeasure from the energy management only focusing on reduction of electricity charge will make the residential customer reluctant to enroll the real time pricing plan. In this paper, therefore, we propose optimal load control strategy which aim to achieve not only minimizing the electricity charges but also maintaining human comfort by introducing "the human comfort coefficient." Using the human comfort coefficient, the energy management system can reflect the various human personality and control the loads within the range that the human comfort is maintained. Simulation results show that proposed load control strategy leads to significant reduction in the electricity charges and peak power in comparison with the conventional load management method.

• Korean System Dynamics Review
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• v.6 no.2
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• pp.25-35
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• 2005

This paper describes the mechanism for new investment to appear in waves of boom and bust causing alternative periods of over and under supply of electricity in Korean market. A system dynamics model was developed to describe the dynamic behavior of new investment in Korean market. The simulation results show the boom and bust cycle in the new investments. When the market price is high, investors decide to build new power plants. However, it takes some delay time to complete new power plants. When the new power plants are being added into the grid, the supply increases and the wholesale price begins to decrease. This causes the cancellation of new power plant or delay the construction. This mechanism causes the boom and bust cycle in new investment.