• Title/Summary/Keyword: Power markets

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Analysis of Gas Turbine Competitiveness and Adequacy of Electricity Market Signal in Korea (한국 전력시장에서의 가스터빈(GT) 발전기 경쟁력 및 시장 미진입 적정성 분석)

  • Kim, Eun Hwan;Park, Yong-Gi;Park, Jong-Bae;Roh, Jae Hyung
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.66 no.8
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    • pp.1172-1180
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    • 2017
  • This study analyzed competition in peak load plants between CCGT and GT instead of competition between base and peak load plants like in previous studies. In common overseas power markets, CCGT and GT claim certain market shares as peak load plants with the latter boasting a high utilization rate as reserve plants. In South Korea, however, there has been no introduction of GT in the market that opened in 2001 with no analysis cases of GT's economy as a peak load plant. The current power market of South Korea is run on the cost-based pool, which allows for no price spikes. Since the capacity payment criteria for compensations for missing money are set based on GT generators, the power market uses GT generators as marginal plants. The purposes of this study were to analyze the competitive edge of GT generators as peak load plants in the domestic power market of South Korea and identify the causes of GT's failure in market entry, thus assessing the adequacy of market signals in the domestic power market.

What Makes France a Fashion Power: A Socio-historical Approach (프랑스 패션 파워 형성의 배경이 된 사회·문화적 요인)

  • Cho, KyeongSook
    • Journal of the Korean Society of Costume
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    • v.66 no.2
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    • pp.32-44
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    • 2016
  • Having set a trend for luxury fashion brand markets since the $17^{th}$ century, France has established the norms and the forms of the fashion business. In addition, it has maintained its status as a leading fashion power by discovering economic value from the intangible value of design and brand, and developing fashion into a high value-added industry. This paper aims to examine the socio-cultural factors that have exerted a positive influence on the formation of "fashion power" in France from a historical perspective. It will focus on four major external historical factors that made France the top fashion power: insights and innovation of French leaders as well as their constant concerns and efforts for the promotion of fashion, a tradition of experimental cultures and arts, open and the public-centered social environment and an atmosphere of cherishing the values of creation, and the establishment of a legitimate system that protects them.

Incorporating Resource Dynamics to Determine Generation Adequacy Levels in Restructured Bulk Power Systems

  • Felder, Frank A.
    • KIEE International Transactions on Power Engineering
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    • v.4A no.2
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    • pp.100-105
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    • 2004
  • Installed capacity markets in the northeast of the United States ensure that adequate generation exists to satisfy regional loss of load probability (LOLP) criterion. LOLP studies are conducted to determine the amount of capacity that is needed, but they do not consider several factors that substantially affect the calculated distribution of available capacity. These studies do not account for the fact that generation availability increases during periods of high demand and therefore prices, common-cause failures that result in multiple generation units being unavailable at the same time, and the negative correlation between load and available capacity due to temperature and humidity. A categorization of incidents in an existing bulk power reliability database is proposed to analyze the existence and frequency of independent failures and those associated with resource dynamics. Findings are augmented with other empirical findings. Monte Carlo methods are proposed to model these resource dynamics. Using the IEEE Reliability Test System as a single-bus case study, the LOLP results change substantially when these factors are considered. Better data collection is necessary to support the more comprehensive modeling of resource adequacy that is proposed. In addition, a parallel processing method is used to offset the increase in computational times required to model these dynamics.

A study of overspeed-protection furling mechanism of Small Wind Turbine (소형 풍력의 과풍속 보호 장치에 관한 연구)

  • Kim, Hyoung-Gil;Kim, Chul-Ho;Seo, Young-Taek;Oh, Chul-Soo
    • Proceedings of the KIEE Conference
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    • 2007.07a
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    • pp.959-960
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    • 2007
  • The wind power has been used steadily since long ago, but the importance of it has been faded because of the abundant and convenient fossil energy. Now, due to the energy crisis, experiencing the environmental problems etc, the necessity of using it growing bigger. Because the small wind turbines under a few kW grade has the merits of setting up with low costs by individuals, and get the energy saving effects that, it has the secured, separate markets from the range systems, and the developing of it is continuously proceeding. The small wind turbine system must have the output power regulating system for the over wind speed, to run steadily in the various wind speed environment. In case of the small wind turbine system, to prevent the breaking and for safety, at the over wind speed, additional system is required, and in most cases, output power is restricted by mechanical means. In this paper, the furling system makes the tail and the head move to make the blades to the wind in slanted angle, restrict the output power at the over wind speed. In thesis, small prototype wind turbine is made, and analyzing the output power characteristics at the over wind speed, and to verify, through the logical study and tests.

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An Analysis of Policy Initiatives and Benefit Sharing Schemes to Support Floating Solar Power Plants (수상태양광 지원제도와 이익공유 방식 분석)

  • Ahn, Seunghyeok;Soh, Yoonmie;Ryu, Hojae;Lee, Hyoeun;Hwangbo, Eunyoung;Yun, Sun-Jin
    • New & Renewable Energy
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    • v.17 no.4
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    • pp.9-27
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    • 2021
  • Floating solar power markets are rapidly growing worldwide. The main policy instrument utilized to expand renewable energy use in foreign countries with many floating solar power installations is Feed-in-Tariffs (FITs). Foreign countries apply FIT to projects that have a secured grid connection, and lately, there has been a change in the direction of introducing or expanding auction systems. Vietnam and Taiwan give higher FIT to floating solar installations than land solar ones, and China, Vietnam, and Taiwan have higher FITs for certain regions. Compared to foreign countries where large-scale floating solar power installations have been installed, Korea has utilized Renewable Energy Certificate (REC) weights for residents' participation are provided additionally under the Renewable Portfolio Standard (RPS). In contrast to Korea, where residents' participation and benefit profit sharing are emphasized, the Netherlands provides opportunities for local residents to participate in floating solar power projects through cooperatives to improve the residents' acceptance.

An Exploratory Study of business support policy by growth phases for Small and medium sized enterprises -Focused on Cheonan and Asan in ChungNam- (중소기업의 성장단계별 지원정책에 관한 탐색적 연구 -충청남도 천안·아산지역을 중심으로-)

  • Lee, Jae-Beom
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.14 no.5
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    • pp.2215-2224
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    • 2013
  • This study performed empirical analysis to estimate SMEs needs in terms of business support policy by growth stages(start-up growth expansion). The subject is the SMEs in Cheonan and Asan, ChungNam and the results are as follows. First, In the initial start-up stage, management plays a key role in dealing with money, labor force, markets and technology while running the organization is a key role of the management in the expansion stage. Major policies to help SMEs grow includes money provision needed in the start-up stage, domestic marketing assistance and the provision of human resources in the growth stage, and assistance in foreign marketing and R&D in the expansion stage. Second, To achieve markets businesses aim at entering the existing and niche markets in the initial phase, and creating new markets in the growth phase. Third, Labor force for technology, sales and management planning in the start-up stage, marketing in the growth stage, and labor force for production in the expansion stage are core man- power needed. Fourth, Money for technology development, securing land for factories, organizing man power, securing markets and running the company is needed in the initial and growth stages while fund for facility investment is needed to grow in the expansion stage. Five, Regarding technology, the initial stage needs technology related to new product development, renewing existing products, improving the existing manufacturing process or developing new manufacturing process, while the growth stage needs processing techniques, and the expansion stage needs technology for developing new manufacturing process. Sixth, Making supply contracts with conglomerates, SMEs and public institutions, and sales to foreign markets are ways for SMEs to grow sales. Seventh, What SMEs wish to get includes business incubating support, R&D assistance, information exchanges, practical use of the R&D results, merchandising support, help with the land to build factories and custom-made support for management in the foundation stage while the support they want to get in the growth stage and in the expansion stage is training assistance and trial production respectively.

Pork Production in China, Japan and South Korea

  • Oh, S.H.;Whitley, N.C.
    • Asian-Australasian Journal of Animal Sciences
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    • v.24 no.11
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    • pp.1629-1636
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    • 2011
  • Global pork markets are becoming more competitive, riding the wind of the bilateral free trade agreement. China is the world's largest pork producer with nearly 50% of the world's total production. China's fast growing economy has provided its people with higher purchasing power, resulting in a rapid expansion of the Chinese swine industry over the past decades. Worldwide, China consumes the greatest amount of pork and it is believed that this trend will continue. Japan is the world's largest pork importing country, even though it also produces a lot of pork. The Japanese swine industry encounters weighty obstacles in production costs and environmental limitations which result in reduced domestic supply and creates the situation in which Japan has to import a significant amount of pork for their consumption. South Korea is also a large buyer of pork, with a status greatly influenced by the struggle that the country has faced with Foot and Mouth Disease (FMD) which occurred in 2000, 2002 and 2010. High production costs, low production efficiency, and forced culling following the FMD outbreak resulted in the loss of many hog farming households in the country, reducing supply of domestic pork in the face of continued demand. Overall, pork production in these economically important countries can greatly impact the industry globally. The goal of this review paper is to describe pork production in China, Japan, and South Korea and discuss these countries' role in global pork export markets.

ISO Coordination of Generator Maintenance Scheduling in Competitive Electricity Markets using Simulated Annealing

  • Han, Seok-Man;Chung, Koo-Hyung;Kim, Balho-H.
    • Journal of Electrical Engineering and Technology
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    • v.6 no.4
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    • pp.431-438
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    • 2011
  • To ensure that equipment outages do not directly impact the reliability of the ISO-controlled grid, market participants request permission and receive approval for planned outages from the independent system operator (ISO) in competitive electricity markets. In the face of major generation outages, the ISO will make a critical decision as regards the scheduling of the essential maintenance for myriads of generating units over a fixed planning horizon in accordance with security and adequacy assessments. Mainly, we are concerned with a fundamental framework for ISO's maintenance coordination in order to determine precedence of conflicting outages. Simulated annealing, a powerful, general-purpose optimization methodology suitable for real combinatorial search problems, is used. Generally, the ISO will put forward its best effort to adjust individual generator maintenance schedules according to the time preferences of each power generator (GENCO) by taking advantage of several factors such as installed capacity and relative weightings assigned to the GENCOs. Thus, computer testing on a four-GENCO model is conducted to demonstrate the effectiveness of the proposed method and the applicability of the solution scheme to large-scale maintenance scheduling coordination problems.

Prospects of Rehabilitation Welfare Devices: Based on Assistive and Robotic Devices (재활복지기기의 전망: 보조기기와 로봇장치를 중심으로)

  • Song, W.K.
    • Journal of rehabilitation welfare engineering & assistive technology
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    • v.9 no.1
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    • pp.1-9
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    • 2015
  • This paper reviews trends of the rehabilitation welfare devices on the basis of products and markets. Latest assistive devices tend to have a fold function. Auxiliary power assist module has been added. The completion of products has been improved. The folding function has strong relationship with portability. Specifically, various mobility devices, including foldable devices, are associated with enhanced portability. Powered auxiliary wheels and upper extremity supporting modules have entered the market. The leading-edge technology like Segway's control technology applies to two-wheel wheelchairs. The brand- new technology, lower extremity robotic exoskeleton, applies to markets. Standing wheelchairs, ramps, stair climbing assistive devices becomes more common. In addition, a combination of a variety of smart devices is being promoted to the classical assistive devices' part. Rehabilitation welfare devices can be more valuable due to nice industrial design, improved materials, and processing technology.

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Development of Customer Oriented Load Management Software for Savings on Utility Bills in the Electricity Market

  • Chung, Koo-Hyung;Lee, Chan-Joo;Kim, Jin-Ho;Hur, Don;Kim, Balho-H.;Park, Jong-Bae
    • Journal of Electrical Engineering and Technology
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    • v.2 no.1
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    • pp.42-49
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    • 2007
  • For electricity markets to function in a truly competitive and efficient manner, it is not enough to focus solely on improving the efficiencies of power supply. To recognize price-responsive load as a reliability resource, the customer must be provided with price signals and an instrument to respond to these signals, preferably automatically. This paper attempts to develop the Windows-based load management system in competitive electricity markets, allowing the user to monitor the current energy consumption or billing information, to analyze the historical data, and to implement the consumption strategy for cost savings with nine possible scenarios adopted. Finally, this modeling framework will serve as a template containing the basic concepts that any load management system should address.