• Proceedings of the KIEE Conference
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• 2005.07a
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• pp.748-750
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• 2005

This paper approaches a methodology for deciding the optimal reliability criteria for an optimal composite power system expansion planning considering generation and transmission systems simultaneously. A probabilisticreliability criterion, $LOLE_R$(Loss of Load Expectation), is used in this study. The optimalreliability criterion $LOLE_R*$ is decided at minimum cost point of total cost curve which is the sum of the utility cost associated with construction cost and the customer outage cost associated with supply interruptions for load considering forced outage rates of elements(generators and lines) in long term forecasting. The characteristicsand effectiveness of this methodology are illustrated by the case study using MRBTS size system.

• Proceedings of the KIEE Conference
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• 2006.11a
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• pp.393-395
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• 2006

In competitive market, it is important to establish a plan of transmission expansion considering uncertainty of future generation and load behavior. For this reason, revised transmission expansion model is proposed in this paper. In the proposed model, information of predictable future condition are included in a cost function of transmission expansion investment. Also, to reduce risk of the investment, mean-variance Markowitz approach is added to the objective function of cost. By optimization programming, the most robust and the minimum cost plan can be obtained.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.4
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• pp.534-541
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• 2012

This paper tries to elicit an optimal generation mix of Korea. Two approaches, using the screening curve method and taking advantage of a generation expansion planning tool, WASP-IV, are applied in getting the mix. The data used in this study is based on the 5th basic plan for long-term electricity supply and demand. The Load Duration Curve, that is needed for applying Screening Curve Method(SCM), is made based on the load profile in 2010. In our using SCM, the nuclear plant's operation characteristic, carbon emission cost and spinning reserve are considered. In using WASP-IV to get the adequate generation mix, the base and target demand forecasts in the 5th basic plan are used and the carbon emission cost is also considered. In this paper, It introduces the domestic adequacy generation mix in 2024 though SCM and WASP-IV.

• Journal of Energy Engineering
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• v.24 no.3
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• pp.74-81
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• 2015

Currently, the government is encouraging the introduction of energy storage system to reduce carbon emissions and peak power demand. The government is planning the cumulative capacity of ESS of 2GW in 2020. By utilizing charge and discharge of the ESS, it is possible to sell the surplus power to utility and electricity market. This paper suggests the model that economic feasibility of energy storage system for planning the construction of power generation facilities in 2035. Our results of simulation indicate the energy storage plan of utility for constructing renewable energy facilities is need to incentives from the government to encourage power utilities and expansion of ESS.

• The Transactions of the Korean Institute of Electrical Engineers
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• v.40 no.6
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• pp.551-561
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• 1991

The probabilistic generation simulation plays a key role in power system expansion and operational planning especially for the calculation of expected energy, loss of load probaility and unserved energy expected. However, it is crucial to develop a probabilistic generation simulation algorithm which gives sufficiently precise results within a reasonable computation time. In a previous paper, we have proposed an efficent method using Fast Hartley Transform in convolution process for considering the thermal and nuclear units. In this paper, a method considering the scheduling of pumped-storage plants and hydro plants with energy constraint is proposed. The method also adopts FHT techniques. We improve the model to include multi-state and multi-block generation. The method has been applied for a real size model system.

• Journal of Energy Engineering
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• v.7 no.1
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• pp.131-137
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• 1998

This paper discusses definition, concepts, approach methods, application areas, and evaluation of avoided generation costs based on the Korea's official long-term generation expansion plan. The main objective to evaluate avoided costs of resources is to supply decision makers with the breakeven costs of the resources. For the evaluation of avoided costs based on the Korea's generation system, we consider a DSM option which has 1,000MW peak savings, load factor with 70 percents, and life-time with 25 years. The DSM resource can save the fuel spending and capacity additions of a electric utility during its life time. The capacity and fuel savings are evaluated from two different cashflows with and without the DSM option, which are supplied with on the basis of the generation system optimization model (WASP-II), independently. The breakeven kWh costs of the DSM option is projected to be 31.3 [won/kWh], which is composed of generation capacity and fuel avoided costs with 15.0[won/kWh] and 16.3[won/kWh], respectively.

• Journal of Electrical Engineering and Technology
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• v.9 no.4
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• pp.1163-1170
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• 2014

Due to global environmental regulations and policies with rapid advancement of renewable energy technologies, the development type of renewable energy sources (RES) in power systems is expanding from small-scale distributed generation to large-scale grid-connected systems. In the near future, it is expected that RES achieves grid parity which means the equilibrium point where the power cost of RES is equal to the power costs of conventional generators. However, although RES would achieve the grid parity, the cost related with development of large-scale RES is still a big burden. Furthermore, it is hard to determine a suitable capacity of RES because of their output characteristics affected by locations and weather effects. Therefore, to determine an optimal capacity for RES becomes an important decision-making problem. This study proposes a method for determining an optimal installed capacity of RES from the business viewpoint of an independent power plant (IPP). In order to verify the proposed method, we have performed case studies on real power system in Incheon and Shiheung areas, South Korea.

• The Transactions of the Korean Institute of Electrical Engineers
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• v.40 no.1
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• pp.1-9
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• 1991

This paper describes a new method of calculating expected energy generation and loss of load probability (L.O.L.P) for electric power system operation and expansion planning. The method represents an equivalent load duration curve (E.L.D.C) as a mixture of cumulants approximation (M.O.N.A). By regarding a load distribution as many normal distributions-rather than one normal distribution-and representing each of them in terms of Gram-Charlier expansion, we could improve the accuracy of results. We developed an algorithm which automatically determines the number of distribution and demarcation points. In modeling of a supply system, we made subsets of generators according to the number of generator outage: since the calculation of each subset's moment needs to be processed rapidly, we further developed specific recursive formulae. The method is applied to the test systems and the results are compared with those of cumulant, M.O.N.A. and Booth-Baleriaux method. It is verified that the M.O.C.A. method is faster and more accure than any other method.

• Proceedings of the KIEE Conference
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• 2004.11b
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• pp.255-257
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• 2004

In a competitive environment of electric power industry, the level of uncertainly increase due to generation investment decisions creating new challenge to transmission system planner. The use of a locational signal and the provision of a indicative plan to control the transmission investment reasonably is very important in the viewpoint of a regulator. The main target of this study is to emphasize on the necessity for considering simultaneously both transmission expansion plan and congestion cost. This paper demonstrate the many case studies to make certain of the necessity for transmission planning with congestion cost.

• Bulletin of the Korea Photovoltaic Society
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• v.3 no.3
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• pp.56-61
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• 2017

With the appearance of the climate change concerns, energy transition to renewable energy is accelerating over the world. Korea, a latecomer to the renewable energy sector, has also been unable to avoid energy transition. The government is promoting strong goals for expansion of renewable energy. However, switching from stable and controllable conventional generation to intermittent and uncontrollable renewable generation will be a big challenge for the electric power industry. Korea Power Exchange(KPX), which is responsible for the planning and operation of the electric power industry in Korea, is trying to improve measures in various fields such as the implementation of real-time unit commitment and additional real-time markets in order to cope with the volatility and intermittency of renewable energy.