• Korean Chemical Engineering Research
• /
• v.56 no.5
• /
• pp.655-662
• /
• 2018

To respond effectively to climate change following the launch of the new climate system, the government is seeking to expand the use of distributed power resources. Among them, the district heating system centered on Combined Heat and Power (CHP) is accepted as the most realistic alternative. On the other hand, the government recently announced the change of energy paradigm focusing on eco-friendly power generation from the base power generation through $8^{th}$ Basic Plan for Long-term Electricity Supply and Demand(BPE). In this study, we analyzed the quantitative effects of profit and loss on the CHP operating business by changing patterns of the heat production, caused by the change of energy paradigm. To do this, the power market long-term simulation was carried out according to the $7^{th}$ and $8^{th}$ BPE respectively, using the commercialized power market integrated analysis program. In addition, the CHP operating model is organized to calculate the power and heat production level for each CHP operation mode by utilizing the operating performance of 830MW class CHP in Seoul metropolitan area. Based on this, the operation optimization is performed for realizing the maximum operating profit and loss during the life-cycle of CHP through the commercialized integrated energy optimization program. As a result, it can be seen that the change of the energy paradigm of the government increased the level of the ordered power supply by Korean Power Exchange(KPX), decreased the cost of the heat production, and increased the operating contribution margin by 90.9 billion won for the 30 years.

• Proceedings of the KIEE Conference
• /
• 2009.07a
• /
• pp.357_358
• /
• 2009

According to the 4th BPE(Basic Plan for long-term Electricity Supply and Demand), Electricity demand of Jeju island in 2012 will be reached to 682MW. Jeju island will be faced with severe shortage of electricty, also needed to find transport route to supply green energy which will be made from "Carbon free island" energy policy toward land at that time. For that reason, The plan which construct 400MW size HVDC connection line was decided for potential supply stabilization and transportation of green energy. KEPCO organized special construction office not only to observe the successful project completion which aims 2011 December but also to build up professional manpower. KEPCO is putting spur to the HVDC project these days. Construction site of converter stations has been already confirmed and contracts of cable, converter have done as per turn-key early this year. On this report, we would like to discuss about project scheme, main characteristics of system, and the furture progress plan of "Jindo~Jeju HVDC construction project expecially converter station part" which is being pushed by KEPCO.

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

• The Transactions of The Korean Institute of Electrical Engineers
• /
• v.66 no.12
• /
• pp.1712-1720
• /
• 2017

In South Korea, minimum reserve rate, which is to satisfy reliability standard, has been determined by simulation result using WASP. But, it is still controversial whether the level of minimum reserve rate is adequate. Thus, in this study, various analyses of minimum reserve rate are being conducted. WASP uses the probabilistic simulation technique to evaluate whether reliability standard is satisfied. In this process, forced outage rate and maintenance periods of each generator play important roles. Especially, the long-term plan can be varied depending on how maintenance periods deal with. In order to model maintenance periods in the probabilistic simulation technique, WASP uses derating method. However, broad analyses have to be conducted because there are various ways including derating method to model maintenance periods which result in different results. Therefore, in this paper, 3 different maintenance outage rate modeling methods are applied to arbitrarily modeled system based on the basic plan for long-term electricity supply and demand of South Korea. Results show impact of each modeling method on minimum reserve rate.

• Journal of the Korean Solar Energy Society
• /
• v.39 no.4
• /
• pp.79-91
• /
• 2019

The capacity credit (CC) is a key metric for mid- to long-term power system capacity planning. The purpose of this study is to estimate the CCs of domestic wind turbines. Based on hourly capacity factor (CF) data during the seven years from 2011 to 2017, the new so-called probabilistic CF scheme is introduced to effectively reflect the variability of CFs on CC estimation. The CCs are then estimated through the CF-based method and the ELCC (Effective Load Carrying Capability) method reflecting the probabilistic CF scheme, and the results are compared. The results show that the CC value 0.019 for domestic wind turbines proposed in the $8^{th}$ Basic Plan for Electricity Supply and Demand corresponds to the CC with a confidence level slightly lower than 95%.

• The Transactions of the Korean Institute of Electrical Engineers A
• /
• v.55 no.11
• /
• pp.453-462
• /
• 2006

This paper evaluates the reliability of KEPCO system using TRELSS, which is a probabilistic reliability evaluation program for large-scaled power system. In order to reflect the characteristic of KEPCO system, the sensitivity of reliability indices such as LOLP, EDLC, EENS and Energy Curtailment for variations of TRELSS parameter and input data was analyzed. Additionally, probabilistic reliability of KEPCO system reflecting sensitivity analysis results was systematically evaluated and simulated. Finally, maximum acceptable FOR of KEPCO system to satisfy reliability criterion, which meet in process of establishing the basic plan for long-term electricity supply and demand is suggested.

• Proceedings of the KIEE Conference
• /
• 2007.11b
• /
• pp.231-233
• /
• 2007

구조개편 이후 전력수급계획 수립여건이 한전의 독점적 계책에서 사업자 건설의향으로 전환됨에 따라 신규설비 건설계획은 수익성 위주로 전환되었다. 이에 따라 본 논문에서는 기저선비(원자력, 석탄화력) 운전효율성 항상 차원에서 건설되던 양수설비의 적정 설비규모를 계통 공급신뢰도 측면, 에너지 이응 효율성 향상 측면, 전력시장에서의 경제성 측면에서 검토하여 최적전원구성(Best Fuel Mix) 유도론 위한 정책적 방향을 제시하였다.

• Transactions of the Korean hydrogen and new energy society
• /
• v.22 no.1
• /
• pp.118-127
• /
• 2011

An IGCC was evaluated as one of the next generation technologies that would be able to substitute for coal-fired power plants. According to "The 4th Basic Plan of Long-term Electricity Supply & Demand" which is developed by the Electricity Business Acts, the first IGCC will be operated at 2015. Like other new and renewable energy such as solar PV, Fuel cell, The IGCC is considered as non-competitive generation technology because it is not maturity technology. Before the commercial operation of an IGCC in our electricity market, its economic feasibility under the Korean electricity market, which is cost-based trading system, is studied to find out institutional support system. The results of feasibility summarized that under the current electricity trading system, if the IGCC is considered like a conventional plant such as nuclear or coal-fired power plants, it will not be expected that its investment will be recouped within life-time. The reason is that the availability of an IGCC will plummet since 2016 when several nuclear and coal-fired power plants will be constructed additionally. To ensure the reasonable return on investment (NPV>0 IRR>Discount rate), the availability of IGCC should be higher than 77%. To do so, the current electricity trading system is amended that the IGCC generator must be considered as renewable generators to set up Price Setting Schedule and it should be considered as pick load generators, not Genco's coal fired-generators, in the Settlement Payment.

• ETRI Journal
• /
• v.37 no.2
• /
• pp.295-305
• /
• 2015

The purpose of this paper is to a develop model for generation expansion planning that can support diverse environmental policies for the reduction of greenhouse gases (GHGs) of South Korea. South Korea is required to reduce its GHG emissions by 30% from the BAU level by 2020. The Wien Automatic System Planning Package currently used in South Korea has limitations in terms of the application of renewable energy policies and GHG targets; this paper proposes the use of an equipment planning model named generation and transmission expansion program, which has been developed to resolve such limitations. For verification of the model, a case study on the 6th Basic Plan of Long-Term Electricity Supply and Demand has been conducted. The results show that for the year 2020 South Korea's annual GHG emissions will be 36.6% more than the GHG Target Management System (GHG TMS) target set for the same year (30%). To achieve the GHG TMS target, the costs involved amount to about 72 trillion KRW (70 billion USD). Consequently, the South Korean government needs to review the performability of this target.

• Nuclear Engineering and Technology
• /
• v.41 no.4
• /
• pp.427-446
• /
• 2009

In order to meet the increasing demand for electricity, Korea has to rely on nuclear energy due to its poor natural resources. In order for nuclear energy to be expanded in its utilization, issues with uranium supply and waste management issues have to be addressed. Fast reactor system is one of the most promising options for electricity generation with its efficient utilization of uranium resources and reduction of radioactive waste, thus contributing to sustainable development. The Korea Atomic Energy Research Institute (KAERI) has been performing R&Ds on Sodium-cooled Fast Reactors (SFRs) under the national nuclear R&D program. Based on the experiences gained from the development of KALIMER conceptual designs of a pool-type U-TRU-10%Zr metal fuel loaded reactor, KAERI is currently developing Advanced SFR design concepts that can better meet the Generation IV technology goals. This also includes developing, Advanced SFR technologies necessary for its commercialization and basic key technologies, aiming at the conceptual design of an Advanced SFR by 2011. KAERI is making R&D efforts to develop advanced design concepts including a passive decay heat removal system and a supercritical $CO_2$ Brayton cycle energy conversion system, as well as developing design methodologies, computational tools, and sodium technology. The long-term Advanced SFR development plan will be carried out toward the construction of an Advanced SFR demonstration plant by 2028.