• Journal of Energy Engineering
• /
• v.22 no.2
• /
• pp.141-147
• /
• 2013

Electricity is a basis for human existence. This paper attempts to analyze the households' willingness to pay (WTP) for the residential electricity use. The WTP for the residential electricity use can be defined as the sum of actual price of and additional WTP for it. The former is easily observed in the market, but the second is not observed and thus should be obtained through a WTP survey of households. To this end, this study conducted a survey of randomly selected 1,000 households in Korea in November 2010. The results indicate that the mean additional WTP for the residential electricity use was estimated to be KRW 11.24 per kWh. Given that the average price of residential electricity was KRW 98.07 per kWh at the time of the survey, the economic benefit from the residential electricity use was computed as KRW 109.31 per kWh. This information can be compared with the cost involved in the supply of one kWh of residential electricity.

• Journal of Energy Engineering
• /
• v.21 no.3
• /
• pp.301-308
• /
• 2012

This paper attempts to estimate the demand function for the transport LPG and to analyze long-run and short-run price and income elasticities. In addition, the paper measures consumer surplus and economic value ensuing from the transport LPG consumption by utilizing the estimated long-run price elasticity. The price and the income data are the monthly real transport LPG price and the monthly composite index adjusted by real transport LPG price from 2003 to 2012. Unit root test, co-integration test and error correction model are to take the procedure of estimation of demand curve. The demand for transport LPG is considered to be inelastic and the long-run demand is more elasticity than that of short-run. Price elasticity of demand estimate here is -0.422, and the estimated consumer surplus and economic value in 2010/03 are 966 and 1,781 billion won, respectively.

• Journal of Korean Institute of Industrial Engineers
• /
• v.8 no.1
• /
• pp.40-60
• /
• 1982

Since the first oil embargo (1973), there have been developed many different types of energy-economy interaction models based upon various aspects of energy impact mechanism. We will propose to develop an integrated energy-economy interaction analysis system for less developed countries' energy policy analysis, especially for investment analysis toward constructing energy-saving industry infrastructure ; which is based on the motivation of combined energy models by John P. Weyant. This modeling system can cover the economic growth, inter-industry transactions including production features, and process analysis of energy sector in the total network scheme of general equilibrium, so that it can give many political implications as well as the modeling concept to be used for analyzing various political issues and making decisions related to national energy environment.

• Journal of Energy Engineering
• /
• v.22 no.3
• /
• pp.270-282
• /
• 2013

Combustible waste into energy policy is an effective method to respond to climate change and depletion of fossil fuels. Combustible waste into energy is the process of generating energy in the form of electricity and/or heat from the combustible waste such as vinyl, paper and plastic. This study tries to estimate the external benefit of enhancing the ratio of combustible waste into energy to primary energy from 1.89% to 5% using contingent valuation(CV) method. To this end, we report the results from a CV survey to elicit the willingness to pay (WTP) for combustible waste into energy. A CV survey of 500 households was conducted in the Seoul by using person-to-person interviews. Thus, the procedures of applying and the findings from the one-and-one-half bounded dichotomous choice spike model used to deal with the zero WTP responses are provided in the paper. The results show that the average WTP is estimated to be 2,724 won per household per month and statistically significant at the 5% level. Expanding the value to the Seoul gives us an aggregate value of 13.7 billion won per year.

• New & Renewable Energy
• /
• v.4 no.1
• /
• pp.19-24
• /
• 2008

Energy environment has been changing rapidly such as high oil prices and the effectuation of UNFCCC. Oil prices have continued to rise and Dubai crude prices recorded about 90 dollars per barrel in 2007. In addition, the effectuation of UNFCCC will affect Korean economy and national energy security. Korea is the 9th $CO_2$ emissions country and takes the 1st place related to the increase rate of $CO_2$ emissions globally. Energy technology development is a key breakthrough and one of the optimal alternatives to cope with national energy security. In this study, we prioritize energy technologies in the sectors of high oil prices and UNFCCC related to ETRM for well focus R&D and efficiency of finite resources allocations. We applied to the extended method of AHP, fuzzy AHP reflecting the fuzziness of human thoughts and perception, for prioritizing the relative importance among energy technologies in ETRM for the first time as we make an energy policy in Korea.

• Transactions of the Korean hydrogen and new energy society
• /
• v.20 no.1
• /
• pp.22-30
• /
• 2009

Energy environment has been changing rapidly such as the fluctuation of oil prices and the effect on UNFCCC. Oil price change affects Korea's economy heavily due to her poor natural resources and large dependence of consumed energy resources. Korea takes the 4th place of importing the crude oil and 9th place in $CO_2$ emissions with the 1st place of $CO_2$ emissions increasing rate. Considering the current statue of Korea including oil price change and UNFCCC, Korea will be expected to be the Annex I nation due to Korean energy environments and the quantity of $CO_2$ emission. Energy technology development is a crucial key to cope with Korea's national energy security and environments. In this study, we establish the framework, which allocates the relative weights of assessment criteria and sub-criteria, for assessing and selecting R&D programs of energy technologies strategically. We integrated fuzzy theory and analytic hierarchy process (AHP) approach since the fuzzy AHP approach reflects the vagueness of human thoughts and perception effectively as making pairwise comparisons of criteria and alternatives. The fundamental data of this research results will support R&D planning phase for policy-makers and the production of well focused R&D outcomes.

• Journal of Environmental Policy
• /
• v.11 no.3
• /
• pp.97-122
• /
• 2012

This article analyzes the effects of energy price increase induced by GHGs mitigation policy on automobile industry empirically. An increase in energy price due to GHGs mitigation policy does not have a significant effect on the production and the value-added in automobile industry. Electricity price has a negative effect on the production and the value-added in automobile industry, but it is not significant. However, employment is significantly affected by a change in electricity price. Export is also affected negatively, but the effect is insignificant. These results imply that GHGs mitigation policy such as carbon tax might affect adversely the employment in automobile industry. Especially, their effects on employment are significant. Therefore, some moderating measures to relieve the adverse effects on employment in automobile industry should be called upon with the implementation of GHGs mitigation policy.

• 한국신재생에너지학회:학술대회논문집
• /
• 2007.06a
• /
• pp.742-746
• /
• 2007

Energy environment has been changing rapidly such as high oil prices and the effectuation of UNFCCC. Oil prices have continued to rise and Dubai crude prices recorded 60 or 70 dollars per barrel in 2006. In addition, the effectuation of UNFCCC will affect Korean economy and national energy security. Korea is the 9th $CO_2$ emissions country and takes the 1st place related to the increase rate of $CO_2$ emissions globally. Energy technology development is a key breakthrough and one of the optimal alternatives to cope with national energy security. In this study, we prioritize energy technologies in the sectors of high oil prices and UNFCCC related to ETRM for well focus R&D and efficiency of finite resources allocations. We applied to the extended method of AHP, fuzzy AHP reflecting the fuzziness of human thoughts and perception, for prioritizing the relative importance among energy technologies in ETRM for the first time as we make an energy policy in Korea.

• Journal of Nuclear Fuel Cycle and Waste Technology
• /
• v.1 no.1
• /
• pp.1-7
• /
• 2013

The safe management of radioactive waste is a national task required for sustainable generation of nuclear power and for energy self-reliance in Korea. Since the initial introduction of nuclear power to Korea in 1978, rapid growth in nuclear power has been achieved. This large nuclear power generation program has produced a significant amount of radioactive waste, both low- and intermediate-level waste (LILW) and spent nuclear fuel (SNF); and the amount of waste is steadily growing. For the management of LILW, the Wolsong LILW Disposal Center, which has a final waste disposal capacity of 800,000 drums, is under construction, and is expected to be completed by June 2014. Korean policy about how to manage the SNF has not yet been decided. In 2004, the Atomic Energy Commission decided that a national policy for SNF management should be established considering both technological development and public consensus. Currently, SNF is being stored at reactor sites under the responsibility of plant operator. The at-reactor SNF storage capacity will run out starting in 2024. In this paper, the fundamental principles and steps for implementation of a Korean policy for national radioactive waste management are introduced. Korean practices and prospects regarding radioactive waste management are also summarized, with a focus on strategy for policy-making on SNF management.

• Journal of the Korean Solar Energy Society
• /
• v.26 no.4
• /
• pp.31-38
• /
• 2006

The national goal of wind energy dissemination has to be determined rationally based on technically available wind resource potential. For an accurate and scientific estimation of wind resource potential, a wind map is requisite. This paper introduces the national wind map of Korea established by numerical wind simulation. Therefore, quantification of national wind resource potential is now possible and is anticipating to be used as a core index for policy and strategy building of wind energy dissemination and technology development.