• Title/Summary/Keyword: Fuel cost minimization

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Minimization of Fuel Cost by Optimal Generation (연료비 최소화를 위한 유무효 발전력 분담)

  • 이상중
    • Proceedings of the Korean Institute of IIIuminating and Electrical Installation Engineers Conference
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    • 2003.11a
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    • pp.289-290
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    • 2003
  • This paper gives a method for the minimization of the fuel cost by optimal generation. Derivation of the sensitivity of system loss by optimization technique is introduced and the loss sensitivities are substituted into the optimality conditions to obtain the minimized fuel cost.

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Minimization of Fuel Cost by Optimal P-Q Generation in Three-Bus System (3 모선 시스템의 유무효 발전력 최적분담을 통한 연료비 최소화)

  • Lee, Sang-Joong;Yang, Seong-Deog
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.19 no.1
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    • pp.40-43
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    • 2005
  • This paper presents the minimization of the fuel cost by optimal allocation of P-Q generation in a three-bus sample system. Derivation of the system loss sensitivities by optimization technique is introduced. The loss sensitivities are substituted into the optimality conditions and the optimal P-Q allocation is computed to obtain the minimal fuel cost.

A Study of Optimal Fuel-Mix Considering Power Generation Operation (발전기 출력특성을 고려한 최적전원구성 연구)

  • Jung, Young-Beom;Kim, Kil-Sin;Park, Chang-Ho;Yoon, Yong-Beom
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.25 no.10
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    • pp.28-37
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    • 2011
  • Though Korea has introduced CBP(Cost Based pool) power trading system since 2001, long-term Generation system planning has been executed by government for Cost minimization every 2 years. Until currently the model which is used for Generation system planning and best-mix only considers cost minimization and total yearly or quarterly electricity demand every year. In a view point of one day power supply operation, technical characteristics, like the ramp up/down rate of total generation system, minimum up/down time and GFRQ(Governor Free Response Quantity), are very important. this paper analyzes Optimal Fuel-Mix for 2022 Korea generation system satisfying these constraints of each fuel type and considering pump storage plants, construction cost and $CO_2$ emission charge Using MILP(Mixed Integer Linear Programming) method. Also the sensitivity analysis which follows in future power industry environmental change accomplished.

An Operation Algorithm for a 2 Shaft Parallel Type Hybrid Electric Vehicle for Optimal Fuel Economy (2축 병렬형 하이브리드 차량의 최저 연비 주행 알고리즘)

  • 최득환;김현수
    • Transactions of the Korean Society of Automotive Engineers
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    • v.9 no.5
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    • pp.122-130
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    • 2001
  • In this paper, an operational algorithm for a 2-shaft parallel hybrid electric vehicle is suggested for the minimization of operation cost. The operation cost is obtained as a summation of the engine fuel cost and the motor electricity cost. The electrical cost function is estimated in case of motoring, and generating when the recuperation is carried out during the braking. In addition, weight function is introduced in order to maintain the battery state of charge. Based on the operation algorithm, the optimal engine operation point that minimizes the operation cost is obtained with respect to the required vehicle power for every state of charge of battery. The optimal operation point provides the optimal power distribution of the engine and the motor for a required vehicle power Simulation was performed and the fuel economy of the hybrid vehicle was compared to that of the conventional vehicle. Simulation results showed that hybrid vehicle's fuel economy can be improved as much as 45∼48% compared to the conventional vehicle's.

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An Application of Harmony Search Algorithm for Operational Cost Minimization of MicroGrid System (마이크로 그리드 운영비용 최소화를 위한 Harmony Search 알고리즘 응용)

  • Rhee, Sang-Bong;Kim, Kyu-Ho;Kim, Chul-Hwan
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.58 no.7
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    • pp.1287-1293
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    • 2009
  • This paper presents an application of Harmony Search (HM) meta-heuristic optimization algorithm for optimal operation of microgrid system. The microgrid system considered in this paper consists of a wind turbine, a diesel generator, and a fuel cell. An one day load profile which divided 20 minute data and wind resource for wind turbine generator were used for the study. In optimization, the HS algorithm is used for solving the problem of microgrid system operation which a various generation resources are available to meet the customer load demand with minimum operating cost. The application of HS algorithm to optimal operation of microgrid proves its effectiveness to determine optimally the generating resources without any differences of load mismatch and having its nature of fast convergency time as compared to other optimization method.

Generation Rescheduling Based on Energy Margin Sensitivity for Transient Stability Enhancement

  • Kim, Kyu-Ho;Rhee, Sang-Bong;Hwang, Kab-Ju;Song, Kyung-Bin;Lee, Kwang Y.
    • Journal of Electrical Engineering and Technology
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    • v.11 no.1
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    • pp.20-28
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    • 2016
  • This paper presents a generation rescheduling method for the enhancement of transient stability in power systems. The priority and the candidate generators for rescheduling are calculated by using the energy margin sensitivity. The generation rescheduling formulates the Lagrangian function with the fuel cost and emission such as NOx and SOx from power plants. The generation rescheduling searches for the solution that minimizes the Lagrangian function by using the Newton’s approach. While the Pareto optimum in the fuel cost and emission minimization has a drawback of finding a number of non-dominated solutions, the proposed approach can explore the non-inferior solutions of the multiobjective optimization problem more efficiently. The method proposed is applied to a 4-machine 6-bus system to demonstrate its effectiveness.

Electric Bill Minimization Model and Economic Assessment of Battery Energy Storage Systems Installed in a Non-residential Customer (비주거용 소비자 전력요금최소화 목적 BESS 최적운영 및 경제성 평가)

  • Park, Yong-Gi;Kwon, Kyoung-Min;Lim, Sung-Soo;Park, Jong-Bae
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.65 no.8
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    • pp.1347-1354
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    • 2016
  • This paper presents optimal operational scheduling model and economic assessment of Li-ion battery energy storage systems installed in non-residential customers. The operation schedule of a BESS is determined to minimize electric bill, which is composed of demand and energy charges. Dynamic programming is introduced to solve the nonlinear optimization problem. Based on the optimal operation schedule result, the economics of a BESS are evaluated in the investor and the social perspective respectively. Calculated benefits in the investor or customer perspective are the savings of demand charge, energy charge, and related taxes. The social benefits include fuel cost savings of generating units, construction deferral effects of the generation capacity and T&D infra, and incremental CO2 emission cost impacts, etc. Case studies are applied to an large industrial customer that shows similarly repeated load patterns according to days of the week.

Fuel Mix Comparison from Fuel Price Volatility and Cost Minimization (가격변동성 및 비용 최소화측면의 적정전원구성 비교연구)

  • Lee, Kyung-Jin;Yoon, Yong-Beum
    • Proceedings of the KIEE Conference
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    • 2011.07a
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    • pp.600-601
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    • 2011
  • 국가 경제활동에서의 에너지 역할이 점차 증대함에 따라 이를 안정적으로 확보하는 것이 중요한 과제로 부각되고 있다. 에너지원의 대부분을 수입하고 있는 우리나라의 경우 안정적이고도 저가의 에너지원을 확보하는 것은 매우 중요한 문제이다. 전력측면에서의 이와 같은 문제는 적정전원 구성문제로 귀결된다. 이에 대한 개념적 해법으로는 심사곡선법이 주로 사용되고 있으며, 실질적으로는 발전설비의 건설 및 운전기간을 고려한 동태적 최적화기법이 사용되고 있다. 본 논문에서는 투자자산의 포트폴리오 기법에 의한 적정전원 구성을 도출하고 심사곡선법에 의한 결과와 비교하였다.

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Enhanced Particle Swarm Optimization for Short-Term Non-Convex Economic Scheduling of Hydrothermal Energy Systems

  • Jadoun, Vinay Kumar;Gupta, Nikhil;Niazi, K. R.;Swarnkar, Anil
    • Journal of Electrical Engineering and Technology
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    • v.10 no.5
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    • pp.1940-1949
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    • 2015
  • This paper presents an Enhanced Particle Swarm Optimization (EPSO) to solve short-term hydrothermal scheduling (STHS) problem with non-convex fuel cost function and a variety of operational constraints related to hydro and thermal units. The operators of the conventional PSO are dynamically controlled using exponential functions for better exploration and exploitation of the search space. The overall methodology efficiently regulates the velocity of particles during their flight and results in substantial improvement in the conventional PSO. The effectiveness of the proposed method has been tested for STHS of two standard test generating systems while considering several operational constraints like system power balance constraints, power generation limit constraints, reservoir storage volume limit constraints, water discharge rate limit constraints, water dynamic balance constraints, initial and end reservoir storage volume limit constraints, valve-point loading effect, etc. The application results show that the proposed EPSO method is capable to solve the hard combinatorial constraint optimization problems very efficiently.

Korean Nuclear Reactor Strategy for the Early 21st Century -A Techno-Economic and Constraints Comparison- (21세기 차세대 한국형 원자로 전략 -기술경제 제약요인 비교-)

  • Lee, Byong-Whi;Shin, Young-Kyun
    • Nuclear Engineering and Technology
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    • v.23 no.1
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    • pp.20-29
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    • 1991
  • The system analysis for Korean nuclear power reactor option is made on the basis of reliability, cost minimization, finite uranium resource availability and nuclear engineering manpower supply constraints. The reference reactor scenarios are developed considering the future electricity demand, nuclear share, current nuclear power plant standardization program and manufacturing capacity. The levelized power generation cost, uranium requirement and nuclear engineering professionals demand are estimated for each reference reactor scenarios and nuclear fuel cycle options from the year 1990 up to the year 2030. Based on the outcomes of the analysis, uranium resource utilization, reliability and nuclear engineering manpower requirements are sensitive to the nuclear reactor strategy and associated fuel cycle whereas the system cost is not. APWR, CANDU longrightarrow FBR strategy is to be the best option for Korea. However, APWR, CANDU longrightarrow Passive Safe Reactor(PSR)longrightarrowFBR strategy should be also considered as a contingency for growing national concerns on nuclear safety and public acceptance deterioration in the future. FBR development and establishment of related fuel cycle should be started as soon as possible considering the uranium shortage anticipated between 2007 and 2032. It should be noted that the increasing use of nuclear energy to minimize the greenhouse effects in the early 21st century would accelerate the uranium resource depletion. The study also concludes that the current level of nuclear engineering professionals employment is not sufficient until 2010 for the establishment of nuclear infrastructure.

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