• Environmental and Resource Economics Review
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• v.25 no.1
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• pp.113-140
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• 2016

Achieving the two goals of providing stable remuneration and promoting market based incentive for generation capacity with only one kind of capacity price is a difficult proposition. This paper suggests a market design in which two different kinds of capacity prices are used to achieve these goals. It maintains the current capacity price that is determined administratively based on the fixed cost of the gas-turbine generator. A second capacity price is added that covers generators with higher fixed costs and lower fuel costs such as combined-cycle gas turbine, coal-powered, and nuclear generators. This second capacity price is conditional on a lower energy price ceiling and determined by the interaction of the market supply and a demand schedule derived from the optimal fuel mixed principle.

• Proceedings of the KIEE Conference
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• 2006.07a
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• pp.398-399
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• 2006

The procurement of generation and transmission/Distribution capacity in vertically-integrated electric industry is sufficient by facility construction in suitable time. However, the introduction of competitive electricity market increase the efficiency of availability for facilities and fuels. As a result, long-term capacity procurement is required for stable demand-supply balance since it is expected to maintain their generation capacity at a minimum for profit maximization. In this paper, a new long-term capacity procurement mechanism is proposed, which is able to assure supplemental contribution in competitive electricity market.

• Proceedings of the KIEE Conference
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• 2009.07a
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• pp.159_160
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• 2009

In this paper proposes a new algorithm of efficiency outage restoration using a outage load switching to a healthy MTR a fault occurrence at a MTR. In addtion, proposed algorithm includes a outage restoration method which keeps MTR optimal capacity with reorganization of distribution network in case it can not restore outage state loads caused by shortage of healthy MTR remain capacity. In case that proposed sequence still can not complete restoration, this paper suggests a efficiency outage restoration with objective function included priority in outage loads.

• Proceedings of the KIEE Conference
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• 2006.07a
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• pp.521-522
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• 2006

This paper calculates co-generation generating capacity for the electric supply and demand. CHP is applied to SCM(Screening Curve Method) to calculate CHP generating capacity On the other hand, small co-generation is applied to potential area conversing small co-generation generating capacity considering economic analysis and useful life. these methods executed project scheduled to construction plan. Accordingly, EES(Expected Energy Served), Fuel type consumption and CO2 effects is analyzed by Booth-Baleriaux and data

• The Transactions of The Korean Institute of Electrical Engineers
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• v.56 no.2
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• pp.233-239
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• 2007

As the Kyoto Protocol, which aims at reducing greenhouse gases in accordance to the UNFCCC, came into force, research on environment friendly energy resources has been a matter of concern worldwide. As a general power generation system, among renewable energy resources, that is interconnected and operated with power system, the wind turbine is emerging as an effective alternative. Since power capacity of the wind turbine has been steadily increasing and its relative importance is also increasing in total facility capacity, we cannot ignore its effect. Because controlling generation output in the wind turbine is not as easy as in the synchronous machine due to its facility characteristics and it generates irregular output fluctuations when interconnected with power system, system interconnection was difficult. But the effect of large capacity wind turbine on isolated power system like Jeju island is serious problem on the frequency stability. Accordingly, it is necessary to analyze the effects of wind turbine on system interconnection and assess the optimum capacity of wind turbine that satisfies the most important principle of stable power supply. This paper have analyzed the effects of wind turbine capacity increases on the system and suggested the method of the capacity to achieve its steady operation. And It is applied to the Jeju island.

• The Transactions of the Korean Institute of Electrical Engineers P
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• v.67 no.1
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• pp.15-20
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• 2018

This paper presents the method of ESS energy capacity calculation for stand-alone renewable energy generation system consisting of photovoltaic energy. There is almost no power from photovoltaic system during sunless days. So this source is very weak in terms of the power supply reliability. To improve problem of power supply, battery is mainly used Energy Storage System(ESS). The number of sunless days and Depth of Discharge(DOD) is important factor to determine energy capacity of battery. However, a many study for economical design is required due to the high cost of ESS. In this paper, we propose the new method of ESS energy capacity calculation by applying different DOD for operation with and without sun. We determine the Battery capacity using higher DOD of operation during sunless day than the DOD of the normal operation. And we carried out an economic analysis of the calculation results.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.50 no.9
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• pp.424-430
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• 2001

A multi-level optimal power flow(OPF) algorithm has been evolved from a simple two stage optimal Power flow algorithm for constrained power economic dispatch control. In the proposed algorithm, we consider various constraints such as ower balance, generation capacity, transmission line capacity, transmission losses, security equality, and security inequality constraints. The proposed algorithm consists of four stages. At the first stage, we solve the aggregated problem that is the crude classical economic dispatch problem without considering transmission losses. An initial solution is obtained by the aggregation concept in which the solution satisfies the power balance equations and generation capacity constraints. Then, after load flow analysis, the transmission losses of an initial generation setting are matched by the slack bus generator that produces power with the cheapest cost. At the second stage we consider transmission losses. Formulation of the second stage becomes classical economic dispatch problem involving the transmission losses, which are distributed to all generators. Once a feasible solution is obtained from the second stage, transmission capacity and other violations are checked and corrected locally and quickly at the third stage. The fourth stage fine tunes the solution of the third stage to reach a real minimum. The proposed approach speeds up the two stage optimization method to an average gain of 2.99 for IEEE 30, 57, and 118 bus systems and EPRI Scenario systems A through D testings.

• Proceedings of the KIEE Conference
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• 1998.07c
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• pp.926-928
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• 1998

A fast optimization algorithm has been evolved from a simple two stage optimal power flow(OPF) algorithm for constrained power economic dispatch. In the proposed algorithm, we consider various constraints such as power balance, generation capacity, transmission line capacity, transmission losses, security equality, and security inequality constraints. The proposed algorithm consists of four stages. At the first stage, we solve the aggregated problem that is the crude classical economic dispatch problem without considering transmission losses. An initial solution is obtained by the aggregation concept in which the solution satisfies the power balance equations and generation capacity constraints. Then, after load flow analysis, the transmission losses of an initial generation setting are matched by the slack bus generator that produces power with the cheapest cost. At the second stage we consider transmission losses. Formulation of the second stage becomes classical economic dispatch problem involving the transmission losses, which are distributed to all generators. Once a feasible solution is obtained from the second stage, transmission capacity and other violations are checked and corrected locally and quickly at the third stage. The fourth stage fine tunes the solution of the third stage to reach a real minimum. The proposed approach speeds up the coupled LP based OPF method to an average gain of 53.13 for IEEE 30, 57, and 118 bus systems and EPRI Scenario systems A through D testings.

• Proceedings of the KIEE Conference
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• 2007.07a
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• pp.606-607
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• 2007

This paper is about optimal flywheel capacity estimation for Ullueng-do power system. The power system of Ullueng-do has some differences with other island power system in Korea. It includes wind generator, hydro-generators as well as diesel generators. There are some problems on 600kW wind generator. Because of frequent drop of wind generator, the Ulleung-do power system have been threatened on frequency. The power frequency is 60Hz, and it should be between 59.9 and 60.1Hz. However, since the electrical inertia is small and the weight of wind generation is relatively high, generator drop of wind generation might make the power frequency out of boundary. In this paper, the flywheel energy storage system is assumed to be installed on Ulleung-do power system. Then, the maximum wind generation capacity and the optimal superconducting flywheel energy storage system capacity is estimated by the transient stability simulations.

• KEPCO Journal on Electric Power and Energy
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• v.5 no.4
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• pp.295-309
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• 2019

This paper demonstrates that the verification and analysis of the increase of hosting capacity of distributed energy resources in distribution system for the high penetration of distributed energy resources. In the case of generally designed distribution feeders in South Korea, it can host up to 10 MVA of distributed energy resources and the over voltage due to reverse power flow is prohibited beyond the range by the law of electric utility. However, it should take into consideration that there are some factors of extra hosting capacity such as generation characteristics of distributed energy resources and minimum loads that always exist to distribution system. For these reason, we choose a specific distribution system hosted 10 MVA of distributed energy resources monitored by distribution system operator and verify the impact of increasing hosting capacity such as power flow and voltage profile of distribution system. By the result, we could find that it is possible to increase the hosting capacity and define the factors to expand the hosting capacity of distributed energy resources in distribution system.