• Title/Summary/Keyword: Energy Price

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Foodstuffs sovereignty and agflation (기획특집: 식량주권과 애그플래이션)

  • Kim, Dong-Soo
    • Journal of the Korean Professional Engineers Association
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    • v.44 no.5
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    • pp.21-25
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    • 2011
  • Food sovereignty is the right of peoples to healthy and culturally appropriate food produced through ecologically sound and sustainable methods, and their right to define their own food and agriculture systems. An increase in the price of food that occurs as a result of increased demand from human consumption and use as an alternative energy resource. Furthermore, agflation, a combination of the words "agriculture" and "inflation", will also affect non-vegetative foods as the price increases for grain will make livestock feed more expensive as well. Food sovereignty implies new social relations free of oppression and inequality between men and women, peoples, racial groups, social classes and generations.

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The effect of temperature on the electricity demand: An empirical investigation (기온이 전력수요에 미치는 영향 분석)

  • Kim, Hye-min;Kim, In-gyum;Park, Ki-Jun;Yoo, Seung-Hoon
    • Journal of Energy Engineering
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    • v.24 no.2
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    • pp.167-173
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    • 2015
  • This paper attempts to estimate the electricity demand function in Korea with quarterly data of average temperature, GDP and electricity price over the period 2005-2013. We apply lagged dependent variable model and ordinary least square method as a robust approach to estimating the parameters of the electricity demand function. The results show that short-run price and income elasticities of the electricity demand are estimated to be -0.569 and 0.631, respectively. They are statistically significant at the 1% level. Moreover, long-run income and price elasticities are estimated to be 1.589 and -1.433, respectively Both of results reveal that the demand for electricity is price- and income-elastic in the long-run. The relationship between electricity consumption and temperature is supported by many of references as a U-shaped relationship, and the base temperature of electricity demand is about $15.2^{\circ}C$. It is shown that power of explanation and goodness-of-fit statistics are improved in the use of the lagged dependent variable model rather than conventional model.

The Effects of Spot Pricing for the Change of the Electric Power Demand Based the Demand Elasticity (수요 탄력성에 따른 전력수요의 변화가 현물가격에 미치는 영향)

  • 김문영;백영식;송경빈
    • Journal of Energy Engineering
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    • v.11 no.2
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    • pp.142-148
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    • 2002
  • The variations of real time electric price in competitive electricity markets have influence on electric power demands of the consumers. Residential, commercial, and industrial consumers with different characteristics cause the different price elasticity of the demand due to changing the pattern of consumption. Therefore, this paper analyze the effects of spot pricing for the change of the electric power demand based on the demand elasticity of each loads in competitive electricity market.

Petroleum Imports and Exchange Rate Volatility (원유수입과 환율변동성)

  • Mo, Soo-Won;Kim, Chang-Beom
    • Environmental and Resource Economics Review
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    • v.11 no.3
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    • pp.397-414
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    • 2002
  • This paper presents an empirical analysis of exchange rate volatility, petroleum's import price and industrial production on petroleum imports. The GARCH framework is used to measure the exchange rate volatility. One of the most appealing features of the GARCH model is that it captures the volatility clustering phenomenon. We found one long-run relationship between petroleum imports, import price, industrial production, and exchange rate volatility using Johansen's multivariate cointegration methodology. Since there exists a cointegrating vector, therefore, we employ an error correction model to examine the short-run dynamic linkage, finding that the exchange rate volatility performs a key role in the short-run. This paper also apply impulse-response functions to provide the dynamic responses of energy consumption to the exchange rate volatility. The results show that the response of energy consumption to exchange rate volatility declines at the first month and dies out very quickly.

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Optimal Generation Asset Arbitrage In Electricity Markets

  • Shahidehpour Mohammad;Li Tao;Choi Jaeseok
    • KIEE International Transactions on Power Engineering
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    • v.5A no.4
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    • pp.311-321
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    • 2005
  • A competitive generating company (GENCO) could maximize its payoff by optimizing its generation assets. This paper considers the GENCO's arbitrage problem using price-based unit commitment (PBUC). The GENCO could consider arbitrage opportunities in purchases from qualifying facilities (QFs) as well as simultaneous trades with spots markets for energy, ancillary services, emission, and fuel. Given forecasted hourly market prices for each market, the GENCO's generating asset arbitrage problem is formulated as a mixed integer program (MIP) and solved by a branch-and-cut algorithm. A GENCO with 54 thermal and 12 combined-cycle units is considered for analyzing the proposed formulation. The proposed case studies illustrate the significance of simultaneous arbitrage by applying PBUC to multi-commodity markets.

A Study on Developing Mathematical Model for DSM Monitoring (DSM Monitoring을 위한 수리모형 개발에 관한 연구)

  • Kim, Sung-Il;Lim, Jae-Yoon;Chang, Seung-Chan;Kim, Chang-Seob;Kim, Jung-Hoon
    • Proceedings of the KIEE Conference
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    • 1997.07c
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    • pp.764-766
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    • 1997
  • This paper presents a DSM Monitoring Methodology which is able to evaluate the impact of DSM programs under processing. For an effective assessment of DSM programs, it is foremost necessary to examine the market characteristics on the specific end-use appliance according to the customer's adoption of DSM programs. The Proposed Monitoring system contains a diffusion process of high efficient end-use considering major factors of DSM impact such as, price, price elasticity and lifetime of end-use apparatus or appliance. The case study shows the propriety and necessity of DSM monitoring in order to diagnose the current state and provide a baseline of DSM policy

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Game Theory-based Bi-Level Pricing Scheme for Smart Grid Scheduling Control Algorithm

  • Park, Youngjae;Kim, Sungwook
    • Journal of Communications and Networks
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    • v.18 no.3
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    • pp.484-492
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    • 2016
  • Smart grid (SG) technology is now elevating the conventional power grid system to one that functions more cooperatively, responsively, and economically. When applied in an SG the demand side management (DSM) technique can improve its reliability by dynamically changing electricity consumption or rescheduling it. In this paper, we propose a new SG scheduling scheme that uses the DSM technique. To achieve effective SG management, we adopt a mixed pricing strategy based on the Rubinstein-Stahl bargaining game and a repeated game model. The proposed game-based pricing strategy provides energy routing for effective energy sharing and allows consumers to make informed decisions regarding their power consumption. Our approach can encourage consumers to schedule their power consumption profiles independently while minimizing their payment and the peak-to-average ratio (PAR). Through a simulation study, it is demonstrated that the proposed scheme can obtain a better performance than other existing schemes in terms of power consumption, price, average payment, etc.

A Study on Drive Characteristic of Photovoltaic to consider temperature compensation account. (온도보정계수를 고려한 태양광발전 운전특성연구)

  • Lee Jeong-il;Yoon Jeong-Phil;Yu Hee-Ok;Yoon Hyung-Sang;Cha In-Su
    • Proceedings of the KIPE Conference
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    • 2001.07a
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    • pp.63-66
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    • 2001
  • Photovoltaic System does military exploit that use heliometer light and is clearness source of energy. Photovoltatic System is no noise, shock among is several Substitute energy and after establishment maintenance having simple special quality, is applied in many fields. However, while Photovoltatic System is having these advantage, but react sensitively in effect of Photovoltaic scanning Quantity, temperature change etc.. surrounding environment, when did not satisfy condition, express indefinite output price. Consider voltage$\cdot$current output measurement value and temperature revision calculation by temperature change of existing photovoltaic system and change of output price of when did Simulation analyzed comparison.

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Two-dimensional attention-based multi-input LSTM for time series prediction

  • Kim, Eun Been;Park, Jung Hoon;Lee, Yung-Seop;Lim, Changwon
    • Communications for Statistical Applications and Methods
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    • v.28 no.1
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    • pp.39-57
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    • 2021
  • Time series prediction is an area of great interest to many people. Algorithms for time series prediction are widely used in many fields such as stock price, temperature, energy and weather forecast; in addtion, classical models as well as recurrent neural networks (RNNs) have been actively developed. After introducing the attention mechanism to neural network models, many new models with improved performance have been developed; in addition, models using attention twice have also recently been proposed, resulting in further performance improvements. In this paper, we consider time series prediction by introducing attention twice to an RNN model. The proposed model is a method that introduces H-attention and T-attention for output value and time step information to select useful information. We conduct experiments on stock price, temperature and energy data and confirm that the proposed model outperforms existing models.

Public Building Value Evaluation Using Contingent Valuation Method Based on Market Value Estimation

  • PARK, Jieun;YU, Jungho
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.367-370
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    • 2015
  • Building deterioration reflects the degradation of basic building performance including structural performance, energy performance, durability, and safety, and it also includes perceived deterioration, which considers a user-based perspective. More than 50% of the existing buildings in Korea are over 15 years old and public buildings compose 2.5% of all buildings domestically. Therefore, there are several different problems, such as poor energy efficiency, structural performance, and safety. To address the challenges of increasing stock in deteriorated buildings, it is necessary to make decisions about reconstruction or renovation. In this study, we propose a new method to evaluate public building value with a contingent valuation method (CVM). By estimating willing-to-pay (WTP) from users of private buildings in similar situation with the public building, it is possible to compare market prices and calculate a correction factor to adjust the WTP data. Finally, we apply the correction factor to the WTP of a public building and estimate market price, willingness to pay (WTP). Finally, we apply the correction factor to willing to pay (WTP) of public building and estimate market price.

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