• Korean Management Science Review
• /
• v.25 no.1
• /
• pp.43-53
• /
• 2008

This paper considers a profit-based unit commitment problem with fuel consumption constraint and maintenance cost, which is one of the key decision problems in electricity industry. The nature of non-linearity inherent in the constraints and objective functions makes the problem intractable which have led many researches to focus on Lagrangian based heuristics. To solve the problem more effectively, we propose mixed integer programming based solution algorithm linearizing the complex non-linear constraints and objectives functions. The computational experiments using the real-world operation data taken from a domestic electricity power generator show that the proposed algorithm solves the given problem effectively.

• The Transactions of The Korean Institute of Electrical Engineers
• /
• v.67 no.2
• /
• pp.179-185
• /
• 2018

A considerable cost gap between three major power generation technologies, namely nuclear, coal, and combined cycle gas turbine (CCGT), has been a well-established fact in the Korean electricity market. Alternatively, this paper analyzes the levelized costs of electricity (LCOE) of the three technologies reflecting overall social costs of electricity generation including accident risk, $CO_2$ emission, and air pollution damage. The paper unveils to what extent current discriminative subsidies on fuels regarding the social costs, mostly through tax exemptions, affect economic competitiveness of the technologies. In particular, it finds relative positions of coal and CCGT could be altered depending on appreciation level of the social costs. It has limits in analyzing fixed costs of the technologies, however, due to limited data availability of nuclear power, and suggests further studies on the issue.

• Transactions of the Korean hydrogen and new energy society
• /
• v.31 no.4
• /
• pp.337-344
• /
• 2020

Worldwide, there is a significant surge in the efforts for addressing the issue of global warming; the use of renewable energy is one of the solutions proposed to mitigate global warming. However, severe volatility is a critical disadvantage, and thus, power-to-gas technology is considered one of best solutions for energy storage. Hydrogen is a popular candidate from the perspective of both environment and economics. Accordingly, a hydrogen production system based on renewable energy sources is developed, and the economics of the system are assessed. The result of the base case shows that the unit cost of hydrogen production would be 6,415 won/kg H₂, with a hydrogen production plant based on a 100 MW akaline electrolyzer and 25% operation rate, considering renewable energy sources with no electricity cost payment. Sensitivity study results show that the range of hydrogen unit cost efficiency can be 2,293 to 6,984 Won/kg H₂, depending on the efficiency and unit cost of the electrolyzer. In case of electrolyzer operation rate and electricity unit cost, sensitivity study results show that hydrogen unit cost is in the range 934-26,180 won/kg H₂.

• Proceedings of the KSME Conference
• /
• 2000.11b
• /
• pp.222-227
• /
• 2000

At representative thermoeconomic theory to determine the unit cost of multiple products, there are the $\ulcorner$SPECO$\lrcorner$ method of Tsatsaronis's study group and the $\ulcorner$MOPSA$\lrcorner$ method of chung-ang university phase laboratory. Against this theory, we propose new theory called $\ulcorner$Thermoeconomics to divide the exergetic cost into each working fluid$\lrcorner$ in this study. Also, we apply new thermoeconomic theory to CGAM problem (30MW-grade imaginary gas turbine cogeneration power plant) that it is representative power system in thermoeconomics theory, and we fixed to interpreted the unit cost of electricity on the part of gas turbine and the unit cost of steam exergy(enthalpy) on the part of HRSG.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
• /
• v.21 no.5
• /
• pp.311-318
• /
• 2009

In previous study, a new allocation methodology of common cost on multi-product have been suggested. The aim of this study is to suggest the methodology that allocates an environment pollution cost including carbon emission cost to each cost of multi-product. For this study, a supposed multi-energy system composed of twenty kinds of systems was made. The multi-energy system produces eighteen kinds of outputs that are electricity, steam, hot water, chilled water, ice, warm air, and cooling air from seven kinds of energy source that are LNG, coil, geothermal energy, sun heat, hydrogen, bio-mass, and waste. The new methodology was applied to the multi-energy system in order to allocate the environment pollution cost to each production cost, and twenty seven equations were induced. From this result, it is concluded that this methodology can estimate each unit cost and allocate each cost flow in any product of any energy system.

• Proceedings of the KIEE Conference
• /
• 2007.07a
• /
• pp.822-823
• /
• 2007

It is easily can be expected that Korea cannot be free under the regulation, because Korea is one of the major $CO_2$ emitter in the world. Even though Korea currently doesn't have any obligation to mitigate the carbon emission, power industry needs to study the effect of that. this paper aims to analyze the change of economic loading order for generation dispatch by various carbon price, looking at each plant's or generator's variable generation cost per unit electricity(kWh) that consists of basic generation price calculated by automatic generation system planning model, WASP 4.0, and $CO_2$ price per unit electricity generation.

• The Journal of the Korea institute of electronic communication sciences
• /
• v.14 no.3
• /
• pp.537-546
• /
• 2019

In this paper, a system that integrates a home concentrate unit(HCU) in a smart electricity meter to collects water, gas, hot water, and heating usage required for AMI has been proposed. The collected data could be transmitted to the in house display(IHD) and server to provide a more economical AMI system. The developed system is less expensive in the network configuration than the existing system, which could reduce the operating cost, and be easy to install. By applying the developed system, the usage of electricity, water, gas, hot water and heating could be measured and these make it easier to apply AMI system. The main contents of the development are the smart electricity meter and embedding of HCU into the smart electricity meter, and transferring these data to IHD and server to structure the AMI system. The each developed unit has been networked to structure the AMI system to perform the actual meter reading operation and show the result.

• The Transactions of the Korean Institute of Electrical Engineers A
• /
• v.52 no.4
• /
• pp.234-239
• /
• 2003

In recent decades, many countries have introduced competition in the electricity industry. Now, unit commitment becomes not a problem to be solved by a monopoly company but the one to be tackled by each generation company(GENCO). Its aim has been altered from the global cost minimization to the each GENCO's profit maximization. In this paper, the author proposes the scheme of unit commitment of a GENCO to maximize profit considering the uncertainty of market clearing price. The type of the assumed market is a uniform price market. A genetic algorithm is used for the maximization of the profit.

• IE interfaces
• /
• v.20 no.2
• /
• pp.186-194
• /
• 2007

Recent deregulation of Korean electricity industry has made each power generation company pay more attention to maximizing its own profit instead of minimizing the overall system operation cost while guaranteeing system security. Electricity power generation problem is typically defined as the problem of determining both the on and off status and the power generation level of each generator under the given fuel constraints, which has been known as Profit-Based Unit Commitment (PBUC) problem. To solve the PBUC problem, the previous research mostly focused on devising Lagrangian Relaxation (LR) based heuristic algorithms due to the complexity of the problem and the nonlinearity of constraints and objectives. However, these heuristic approaches have been reported as less practical in real world applications since the computational run time is usually quite high and it may take a while to implement the devised heuristic algorithms as software applications. Especially when considering long-term planning problem which spans at least one year, the complexity becomes higher. Therefore, this paper proposes an explicit column generation algorithm using power generation patterns and the proposed algorithm is successfully applied to a Korean power generation company. The proposed scheme has a robust structure so that it is expected to extend general PBUC problems.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
• /
• v.20 no.10
• /
• pp.654-661
• /
• 2008

Our government will make a plan regulating the cooling limit temperature of the summer season to 26 degree and the heating limit temperature of the winter season to 20 degree for energy saving. Where, the key point of this politic pursuit can be the charge system on heating and cooling cost. Currently, the heating and cooling cost are charged as much as the volume or heat flow rate regardless of the high and low room temperature. However, we have suggested new cost estimating methodology as a worth method in the precedent study, and preformed the worth evaluation and cost allocation of electricity and heat on various cogenerations. In this study, we applied the suggested worth method to four kind of warm air, and preformed the worth evaluation and cost allocation of each warm air. As a result, the more energy a customer saved, the more heating unit cost decreased, and the more energy a customer consumed, the more heating unit cost increased. From this analysis, we hope that the suggested worth methodology can offer a theoretical basis to the politic pursuit of government, and induce the spontaneous energy saving of consumers.