• Advances in Energy Research
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• v.5 no.2
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• pp.129-145
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• 2017

In this study, the use of a micro gas turbine system using biogas to supply heating, cooling and electricity loads of a rural building located in rural area around Tehran has been studied. Initially, the amount of energy needed by the farmhouse was calculated and then the number of needed microturbines was determined. Accordingly, the amount of substances entering biogas digester as well as tank volume were determined. The results of this study showed that village house loads including electrical, heating and cooling and hot water loads can be supplied by using a microturbine with a nominal power of 30 kW and $33.5m^3/day$ of biogas. Digester tank and reservoir tank volumes are $67m^3$ and $31.2m^3$, respectively. The cost of electricity produced by this system is 0.446 US$/kWh. For rural area in Iran, this system is not compatible with micro gas turbine and IC engine system use urban natural gas due to low price of natural gas in Iran, but it can be compatible by wind turbine, photovoltaic and hybrid system (wind turbine& photovoltaic) systems.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.22 no.1
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• pp.49-55
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• 2010

The objectives of this study are to analyze the energy independence plan and to propose a suitable sewage treatment plant in Korea. The total amount of electricity consumption for public sewage treatment plant was estimated as 1,812 GWh in 2007. It was estimated that total 16 sewage treatment plants with renewable energy systems produced electricity of 15 GWh per year, which could replace 0.8% of total electricity used for sewage treatment. It was found that domestic sewage treatment plants with power generation plants by digestion gas were installed in 7 places and produced electricity of 13 GWh per year. It was also found that the power generation plants by digestion gas were the most cost-effective for sewage treatment plant out of the renewable energy systems based on the benefit-cost analysis.

• New & Renewable Energy
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• v.7 no.4
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• pp.10-17
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• 2011

Recently, electricity industry is facing high market uncertainty which has ever had and which increase risks in power market. In this study, we analyze risk factors such as discount rates, initial investment (overnight cost), plant factor, fuel cost, carbon price, etc, for the perspective of investor. For the analysis of risk factors, we used LCOE method. The results of this study show that renewable energy is more affected by plant factor and overnight cost than other risk factors. First, Renewable energy has higher proportion of overnight cost in the total investment than that of other technologies. Second, renewable energy is free of fuel cost and carbon price so plant factor is the most important factor, in other words, competitiveness of renewable energy depends on plant factor. Furthermore, we conducted economic feasibility of wind power and PV in domestic case study. The minimum requirement condition to get profitability is that plant factor 15% and overnight cost \6,000,000/kW and 26%, \2,200,000/kW for PV and Wind Power, respectively.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.37 no.4
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• pp.63-71
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• 2014

As power consumption increases, more power utilities are required to satisfy the demand and consequently results in tremendous cost to build the utilities. Another issue in construction of power utilities to meet the peak demand is an inefficiency caused by surplus power during non-peak time. Therefore, most power company considers power demand management with time-based electricity rate policy which applies different rate over time. This paper considers an optimal machine operation problem under the time-based electricity rates. In TOC (Theory of Constraints), the production capacities of all machines are limited to one of the bottleneck machine to minimize the WIP (work in process). In the situation, other machines except the bottleneck are able to stop their operations without any throughput loss of the whole manufacturing line for saving power utility cost. To consider this problem three integer programming models are introduced. The three models include (1) line shutdown, (2) block shutdown, and (3) individual machine shutdown. We demonstrate the effectiveness of the proposed IP models through diverse experiments, by comparing with a TOC-based machine operation planning considered as a current model.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.21 no.2
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• pp.71-78
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• 2009

Up until recently, the energy and the economic analysis of a cogeneration system have been implemented by a manual calculation that is based on monthly thermal loads of buildings. In this study, a cogeneration system modeling validation with a detail building energy simulation, eQUEST, for a building energy and cost prediction has been implemented. By analyzing the hourly building electricity and thermal loads, it enables users to decide proper cogeneration system capacity and to estimate more accurate building energy consumption. eQUEST also verified the energy analysis when the heat pump system is integrated with the cogeneration system. The mechanical system configuration benefits from the high efficiency heat pump system while avoiding the building electricity demand increase. Economic analysis such as LCC (Life Cycle Cost) method is carried out to verify economical benefits of the system by applying actual utility rates of KEPCO(Korea Electricity Power COmpany) and KOGAS(KOrea GAS company).

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.30 no.3
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• pp.130-142
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• 2018

We use heat pumps with thermal storage system to reduce peak usage of electric power during winters and summers. A heat pump stores thermal energy in a thermal storage tank during the night, to meet load requirements during the day. This system stabilizes the supply and demand of electric power; moreover by utilizing the inexpensive midnight electric power, thus making it cost effective. In this study, we propose a system wherein the thermal storage tank and heat pump are modeled using the TRNSYS, whereas the control simulations are performed by (i) conventional control methods (i.e., thermal storage priority method and heat pump priority method); (ii) region control method, which operates at the optimal part load ratio of the heat pump; (iii) load response control method, which minimizes operating cost responding to load; and (iv) dynamic programming method, which runs the system by following the minimum cost path. We observed that the electricity cost using the region control method, load response control approach, and dynamic programing method was lower compared to using conventional control techniques. According to the annual simulation results, the electricity cost utilizing the load response control method is 43% and 4.4% lower than those obtained by the conventional techniques. We can note that the result related to the power cost was similar to that obtained by the dynamic programming method based on the load prediction. We can, therefore, conclude that the load response control method turned out to be more advantageous when compared to the conventional techniques regarding power consumption and electricity costs.

• KIEE International Transactions on Power Engineering
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• v.5A no.2
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• pp.199-203
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• 2005

This paper proposes the level of price cap in the TWBP(Two- Way Bidding Pool) market in Korea for which the draft of market design has been prepared by KPX. Max - GMCP(Maximum Generation Market Clearing Price) and APC(Administered Price Cap) would be separately applied as individual price caps for a normal period and a Price Capping period in TWBP. The level of price cap is determined for inducing optimal investment in the Korean Electricity Market considering the 'electricity resource baseline plan' published by the Korean government in 2002 for maintaining government-leading resource planning in Korea. In this regard, Max - GMCP is calculated from the equilibrium condition of investment based on reliability standard and fixed cost of the peaking plant. For verifying the propriety of the proposed price cap, this paper compares the proposed value with the estimated VoLL(Value of Lost Load) based on Korea's GDP(Gross Domestic Product).

• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.6
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• pp.1046-1052
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• 2010

In residential house, photovoltaic (PV) system among various alternatives in renewable energy system is the most efficient and feasible solution for reducing energy consumption and electricity cost. However, relatively high initial cost make people reluctant to install PV system in their houses. Therefore, in the initial state for PV system installation in the house, it is very important to decide proper capacity of the PV system considering the expected energy usage and solar energy supplying condition with the house. This paper proposes a novel optimization model for deciding appropriate capacity of the PV system for residential house. The objective function of the model is to minimize the annual cost including electricity bill, operation and maintenance cost, and annual fixed cost calculated from the initial installation cost based on capital recovery factor (CRF). The model also shows the optimal inclining angle of PV panels of the system. In this paper, we estimate the PV output using PVWATTS (PV simulator of Office of Energy Efficiency and Renewable Energy) and find optimal solutions by Sequential Quadratic Programming (SQP) method using MATLAB software. The proposed approach is finally applied to a residential model house in Gangneung, Gangwon-Do and verified its feasibility for adopting to PV system design for residential houses.

• Proceedings of the KIEE Conference
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• 2000.07a
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• pp.394-396
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• 2000

This paper presents a new algorithm for the allocation of the reliability level of composite power system under deregulated electricity market. Under deregulated electricity market, it is required to establish a methodology that can evaluate supply cost and supply reliability of each demand to realize the available priority service reflected a preference of each customer. In this study, a concept of reliability differentiated electricity service as priority service to keep reliability of particular customer within a desirable level is proposed on HLII under deregulated competitive electricity market. The uncertainties of not only generators but also transmission lines are considered for the reliability evaluation in this study. The characteristics and effectiveness of this methodology are illustrated by the case studies on MRBTS and IEEE-RTS.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.22 no.6
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• pp.134-140
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• 2008

A switch in congestion management nile in an electricity market may have positive or negative impact on the surplus of a market participant. As a number of wholesale electricity markets around the world either have already adopted or plan to implement Locational Marginal Pricing (LMP) for energy and congestion management, it is necessary to study the economic impact of a change in congestion management in the Korean electricity market. However, the impact of congestion management on consumer costs and generator surplus has not been studied for the electricity market in Korea. This paper examines how a change in congestion management affects consumer costs and generator surplus in the Korean electricity market.