• Journal of Energy Engineering
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• v.19 no.4
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• pp.251-257
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• 2010

Korea have a plan to enforce the Renewable Portfolio Standard(RPS) in 2012 for climate change action and effective use of energy but because of lack of renewable energy resources and limits of technology development, it will be hard to fullfill a target for RPS obligation in domestic power generation sector and woodchip biomass cofiring with coal combustion is the one of the alternative methods of the goal. Woodchip biomass cofiring with coal combustion is easy to approach technical design and has competitiveness of $CO_2$ & renewble energy certificate benefit and also has much lower generation cost than any other renewable energy resources. Because of that reason, woodchip biomass cofiring with coal combustion should be needed to fullfill the goal for RPS obligation in domestic power generation sector with midlong-term direction.

• Journal of Environmental Impact Assessment
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• v.23 no.1
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• pp.11-17
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• 2014

Since the Renewable Portfolio Standard (RPS) would be started in 2012, the use of renewable energy should be 11% of total energy use including bio-fuel in 2030. The economic efficiency for renewable energy in B power plant was considered with the bio-diesel, wind power and solar power. The Net Present Value (NPV) and Benefit/Cost Ratio(BC) were used for the economic efficiency with the cost and benefit analysis. In case of bio-diesel, the cost resulted from the fuel conversion and the benefit would be created with trade and environmental improvement. With regard to wind power and solar power, the construction cost would be required and benefit factors would be same as the bio-diesel. The wind power was the best of economic efficiency of renewable energy as the results of NPV and BC ratio. Whereas, the market of wind power was very popular and the techniques of wind power has been developing rapidly.

• Journal of the Korean Applied Science and Technology
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• v.32 no.3
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• pp.588-598
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• 2015

Recently, the government is actively promoting the RFS(Renewable Fuel Standards) and RPS(Renewable Portfolio Standards). Therefore, the importance of renewable energy fuel is being highlighted more than ever. Now is the time required active research in Korea. Since power bio-fuel oil demonstration project is underway dissemination to meet RPS quota. In this study, we investigated emission performance to make the performance standard draft of bio-fuel oil. In addition, the quality properties of the fuel oil and bio-oil, and after combustion in industrial boilers and compared the amount of exhaust gas. It was reduced emissions of bio-oil in industrial boilers due to bio-fuel properties as compare with fuel oil.

• New & Renewable Energy
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• v.1 no.3 s.3
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• pp.24-34
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• 2005

Ministry of Commerce, Industry [MOCIE] has taken it into consideration to introduce a Renewable Portfolio Standard (RPS) that is a purchase obligation program as an alternative plan to the FIT. We conducted a survey of renewable energy companies and experts to ask their opinions about renewable energy policy, the introduction of the RPS, and the scheme for aid of North Korea with renewable energy. Korean renewable energy companies show an impartial opinion about a FIT and a RPS system overall, although they tend to have distinctive opinions by technology each other. With respect to eligible resources for a RPS, the industries want to extend the scope of it as broad as possible. In addition, experts prefer the multi-tiered and energy production based RPS to the sing1e-tiered and installed capacity based RPS. We also conducted a surrey to find the best renewable energy sources. Wind, Geothermal, Solar-thermal, and Photovoltaic were selected to have the best potential capacities to support North Korea by renewable energy experts. However, these energy resources also have several problems to overcome in the aid of North Korea, and thus, the plans for solving them and for giving efficient support to North Korea in the area of Renewable Energy are discussed.

• Environmental and Resource Economics Review
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• v.19 no.1
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• pp.159-198
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• 2010

The Korean government is planning to introduce the Renewable Portfolio Standard (RPS) system to replace the currently used Feed-in-Tariff (FIT) system which is a subsidy-based mechanism to foster the renewable energy industry. The RPS system is a market-oriented system in which the power companies are obliged to use renewable energy sources to produce electricity by a certain ratio of their production level. They can either produce for themselves or simply purchase the REC (renewable energy certificate) in the market to implement. The objective of this article is to compare the RPS system with the current FIT system in terms of the implementing cost to achieve the policy goal to expand the share of renewable energy m the total power generation. The analysis is conducted using Linear Programming models. The results of this study imply several policy suggestions to successfully introduce the RPS system.

• Environmental and Resource Economics Review
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• v.31 no.1
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• pp.51-83
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• 2022

Renewable Portfolio Standards (RPS), one of the most commonly adopted regulation for renewable energy expansion since 2012, has the obvious advantage of inducing competition in power generation source and alleviating the government's financial burden. However, the abuse of credit multipliers and the use of national Renewable Energy Credits (RECs) have resulted in the distortion of RPS as a quantitative control policy. Just as no face value 10 years ago can hold its real value, this paper highlights for the first time that 27.8% of total renewable obligations over the total RPS period were not actually met due to REC inflation and the consequent decline in the value of renewable energy generation. In addition, the distortion of face/real value of REC causes problems in interoperability with other government policies such as RE100 and Emission Trading System.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.60 no.2
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• pp.273-278
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• 2011

By introducing RPS(Renewable Portfolio Standard) for reduction of greenhouse gas, Renewable energy has becoming widespread gradually. Due to a large number of advantages, wind power, which is one of Renewable energy, has standing in the spot-light rather than other Renewable energy. Wind power, however, is difficult to control output and because of severe output fluctuation, it would cause some problems when it is connected with system. Using battery as a solution for these problems has been researched all over the world. In this paper, the reliability modeling of windfarm connected battery and reliability evaluation of system are executed. Also the optimum battery capacity is selected through evaluating reliability cost.

• Journal of the Korean Applied Science and Technology
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• v.31 no.4
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• pp.562-571
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• 2014

In these days, many countries carry out many renewable energy policies to increase the renewable energy portion and to reduce the GHG(Green House Gas). In Korea, RPS(Renewable Portfolio Standards) focused on over 500MW power producers is conducting. And they are using the bio-fuel oil to meet their RPS quota. The oil is a mixture of animal and vegetable fat or fatty acid ester of them and should satisfy some specifications to use the power generation such as viscosity, pour point, acid number. Depends on the raw materials, quality characteristics of power bio-fuel oil are changed. By adding the power bio-fuel oil, pour point, density, sulfur content and viscosity are decreased and acid number, iodine number, oxygen content are increased. In this study, we test the quality characteristic of power bio-fuel oil and the property changes by the blending ratio of power bio-fuel oil & conventional fuel oil.

• Journal of the Korea Society of Computer and Information
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• v.25 no.3
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• pp.81-88
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• 2020

The Renewable Portfolio Standard(RPS) which is in operated by country for many years is eco-friendly energy business. Although a variety of institute are accessing the RPS, it consists of a centralized system. Also, it shows opacity of data access in user's point of view. And each institutes is possessing their own data collected by themselves. Therefore decentralization and integrated control is demanded. Also, when institutes are attacked, the interruption of RPS can be existed. For resolving this issue, this study proposes the RPS using blockchain. Using the consortium method of blockchain, every institutes has possessing same data inserting REC data in block data, it is resolvable that transparency and security issue as transaction through verification of certain block. Furthermore, in case of one institute is paused by external attack, the role can be replaced by other institutes. This study tried the processing of putting data through ethereum network, therefore it presents the possibility of introducing the blockchain method in RPS.

• Journal of the Korean Society of Marine Environment & Safety
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• v.19 no.1
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• pp.85-92
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• 2013

Many efforts will have to be made on securing the stable supply of the energy due to the worldwide trend of controlling the utilization fossil fuels inducing global climate change. Renewable portfolio standard enforced to power companies over 500 MW capacity from 2012. Tidal current energy is one of the most interesting renewable and clean energy resources that have been less exploited. Especially, Korea has worldwide outstanding tidal current energy resources and it is highly required to develop a tidal current energy conversion system(TECS) in coastal region. So, we examine a tidal in-stream energy using a numerical model and estimate a tidal current potential for commercialization of tidal current power plant in the sea of the Bunamgun-do. Available tidal energy resources is also analytically estimated using a tidal farm method and the annual energy production of an optimal TECS arrays will be calculated with taking into account interference of lateral and longitudinal spacing.