• Journal of the Korean Institute of Electrical and Electronic Material Engineers
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• v.26 no.9
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• pp.690-700
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• 2013

This study reviewed how the changes of the government policy on solar power generation projects affected the annual mandatory quotas of the regulated power providers under the RPS (renewable portfolio standard) system and analysed economic feasibility of the investment for meeting their quotas as compared to the case of non-regulated power providers. The analysis results showed that under the discount rate of 7.5%, which was used for the annual national electricity plans for the recent years, both the regulated and non-regulated power providers achieved economic feasibility under both the NPV (net present value) method and the real option pricing method. It was also shown that higher profitability was attained by non-regulated power providers than by their regulated counterparts, which can be attributable to the fact that regulated providers are required to out-source 50% of the total quota. The results of this study are considered to be useful for establishing a meaningful mid term or long term strategy for the future of solar power generation linked to the current RPS system.

• 한국신재생에너지학회:학술대회논문집
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• 2011.05a
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• pp.185.2-185.2
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• 2011

1900년대 이후 산업발전에 따른 인구의 도시 집중화로 인한 하수량 증가에 따라 하수슬러지 발생량이 점차 증가하게 되면서 하수슬러지 처리에 관한 문제 등이 제기되기 시작하였다. 국내의 경우 2003년 하수슬러지의 매립이 금지된 후, 발생슬러지 대부분을 해양투기 등을 통해 처리하여왔다. 2009년 기준으로 국내에서 발생되는 하수슬러지량과 처리 분포를 살펴보면 전국 433개소 하수처리장에서 1일 평균 8,295톤(3,028천톤/년)이 발생되고 있으며, 이 중 47%가 해양투기 되고 있는 실정이다. 그러나 해양투기마저도 런던협약'96의정서 가입으로 2012년부터 금지됨에 따라 국내에서는 슬러지처리 및 재활용 방안과 관련한 연구개발이 활발히 진행되고 있는 중이다. 하수슬러지 처리 및 재활용기술의 경우 다양한 공법 등이 개발 중에 있으나 설비의 불안정 및 높은 투자비 등으로 인해 아직까지 상용화 된 설비 등은 많지 않은 실정이다. 이에 따라 본 연구에서는 POSCO 건설에서 개발한 슬러지 연료화 기술을 통해 생산된 슬러지 탄을 석탄 화력발전소 등에 석탄 보조연료로 활용할 수 있는 방안을 강구하여 상용화 가능한 혼소 기술을 개발하고자 하였다. 슬러지탄(발열량 3.000kcal 이상)을 석탄 화력발전소 보일러에 일정 비율로 혼소하여 슬러지탄의 품질평가, 중금속 용출시험 및 함량분석, 잔재물의 중금속 용출시험 등을 실시하였으며, 그 결과 모든 시험항목에서 연료화 관련 법적기준을 만족하는 것으로 나타났다. 슬러지탄을 화력발전소에 혼소하여 사용할 경우, 2012년부터 시행예정인 RPS(Renewable Portfolio Standard)법 대응 및 석탄사용량 저감 등을 통한 $CO_2$ 저감으로 저탄소 녹색성장의 자원순환사회를 구축하는 데 이바지 할 것으로 판단된다.

• Environmental and Resource Economics Review
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• v.20 no.1
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• pp.61-98
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• 2011

This study conducts economic evaluation of alternatives for $CO_2$ reduction of thermal power plants. Two alternatives in reducing $CO_2$ emission are considered for the evaluation under the RPS(Renewable Portfolio Standard) system; one is to perform renewable energy quotas and another is to construct green thermal power plants using CCS(Carbon Capture and Sequestration). As evaluation methods, DCF(Discount Cash Flow) and ROPM(Real Options Pricing Method) are employed. At a discount rate of 7.5% applied to the Electricity Supply and Demand Plan, it is shown that green thermal power generation has economic dominance under both evaluation methods.

• Korean Journal of Construction Engineering and Management
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• v.14 no.4
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• pp.152-163
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• 2013

In this research, we analyse the economic feasibility of a tidal power plant project which can efficiently generate mass, permanent, predictable, and homogeneous electric power. For the economic feasibility analysis, we used the RETScreen that is developed at the CANMET Energy Technology Center in Natural Resources Canada and widely utilized for analysing the economic feasibility and sensitivity of clean energy projects. Results from the feasibility and sensitivity analysis showd that the tidal power plant project in Korea has a enough economic feasibility, and its feasibility increases more as certified emission reductions price and electricity unit price increase. Based on the results from the feasibility study, we can solve the energy problems to be come in near future by constructing the tidal power plants in Korea more aggressively.

• Journal of the Korean Society for Geothermal and Hydrothermal Energy
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• v.10 no.1
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• pp.7-13
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• 2014

This study intends to analyse the economical aspect of a GSHP(Ground Source Heat Pump) system compared to the conventional system which is consisted with a boiler and a chiller. This study has simulated four systems in Incheon. It developed and analyzed for applications in a residential and an office building which was based on the hourly EPI(Energy Performance Index, $kWh/m^2yr$). Case 1 is utilizing a boiler and a chiller to meet heating and cooling demand of a house. Case 2 is utilizing the same conventional set up as Case 1 of a office. Case 3 is summation of Case 1(house) and 2(office) systems and loads. And Case 4 is utilizing a GSHP to meet the combined loads of the house and office. The method of the economic assessment has been based on IEA ECBCS Annex 54 Subtask-C SPB(Simple Payback) method. The SPB calculated the economic balanced year of the alternative system over the reference system. The SPB of the alternative systems (GSHP) with 10%, 30% and 50% initial incentive has been calculated as 9.38, 6.72 and 4.06 year respectively while the SPB without initial incentive of systems was 10.71 year.

• Journal of the Korea Society for Simulation
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• v.22 no.1
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• pp.1-8
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• 2013

A higher penetration of renewable energy sources and adoption of renewable portfolio standard(RPS), the penetration of distributed generators(DGs) into power distribution network is becoming a threat for the safe operation of distribution network. The ground fault current of DGs can cause parasitic trip and mal-trip of protective device in the power distribution network. KEPRI has developed a simulation program for current setting of protective devices in DGs connected distribution network. In this study, we analyzed fault currents of a sample network in two cases, i.e. case 1 is for no DG connection, case 2 for a DG connection. We performed protection coordination for relays installed in the network and analyzed the contribution of a DG.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.66 no.12
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• pp.1873-1878
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• 2017

Both the introduction of the Renewable Energy Portfolio Standard (RPS) system into the electric energy market in 2012 and a decrease in the cost of constructing photovoltaic (PV) power plants have been increasing the number of MW PV plants in South Korea. Jeju Island is located at the center of three nations, South Korea, China and Japan, and its provincial government declared in 2012 that the island will be a clean region where greenhouse gases are not emitted by 2030. The Jeju provincial government is now doing its best to install PV plants and wind farms to realize a carbon-free island. In this study we investigated contribution of MW PV plants to the power of the electric grid during summer peak times on Jeju Island. Mt. Halla the highest mountain in South Korea, is located at the center of Jeju Island, and we divided the island into four regions and carried out analyses of a total of 24 PV plants. The average contribution of the PV plants in the respective region to electric power of Jeju Island during summer peak times was investigated and compared with those of the other regions. The best average contribution during the 12.5% maximum load period was obtained from the PV plants in the western region, and the value was 33% during 2015 and 2016.

• Transactions of the Korean Society of Mechanical Engineers B
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• v.38 no.9
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• pp.757-762
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• 2014

A solar heat and power hybrid system can simultaneously generate electricity and thermal energy. In this study, several experiments were carried out with a solar heat and power hybrid unit. Then, a method to increase the photovoltaic efficiency and amount of thermal energy was suggested based on a comparative analysis. The experiment was conducted using only the photovoltaic system as a reference case, with the photovoltaic-thermal air system as a hybrid case. A numerical increase in the photovoltaic efficiency per $1^{\circ}C$ was suggested based on a comparative data analysis of these two cases. In this experiment, the surface temperature on the air hybrid system was $13.52^{\circ}C$ lower than that in the reference case, and the photovoltaic efficiency was increased by 5.09. The amount of thermal energy produced was 15.69 Wt per $1^{\circ}C$ difference between the ambient and outlet temperatures. In this paper, therefore, a photovoltaic efficiency increase of 0.34 per $1^{\circ}C$ is proposed for the air hybrid system based on the analysis of the experimental data.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.16 no.5
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• pp.3391-3398
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• 2015

Recently, the large scaled lead-acid battery is widely introduced to efficient operation of the photovoltaic system in many islands. but the demand of lithium-ion battery is getting increased by the operation of wind power and replacement of the lead-acid battery. And also, under the renewable portfolio standard(RPS) and energy efficiency resource standard(EERS) policy of Korea government, the introduction of energy storage system(ESS) has been actively increased. Therefore, this paper presents the operation algorithm of hybrid battery management system(BMS) using the lead-acid and lithium-ion batteries, in order to maximize advantage of each battery. In other words, this paper proposed the algorithm of state of charge(SOC) and hybrid operation algorithm to calculate the optimal composition rate considering the fixed cost and operation cost of each battery. From the simulation results, it is confirmed that the proposed algorithms are an effective tool to evaluate SOC and to optimally operate hybrid ESS.

• Environmental and Resource Economics Review
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• v.22 no.4
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• pp.691-726
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• 2013

We develop a hybrid model which allows the change in electricity generation mix by adding the electricity-sector components of bottom-up model to the conventional CGE model. The electricity sector is represented as a sum of separate generation technologies, each of which has the form of DRTS (Decreasing Returns to Scale) production function, unlike the conventional CGE model. We compare the effects of the 30% emission reduction target using the hybrid model with those using the conventional CGE model. The cost of meeting the target is lower with the hybrid model than the conventional CGE. It is consistent with previous studies in that adding the bottom-up components to the top-down model reduces the cost of emission reduction. In an extra analysis we find that an additional regulation like RPS (Renewable Portfolio Standard) increases the cost.