• Journal of Electrical Engineering and Technology
• /
• v.4 no.3
• /
• pp.346-352
• /
• 2009

The eventual goal of this paper is to help the generating companies and load-serving entities to choose appropriate relative levels of interconnected system versus bilateral trades while considering risk, and economic performance. In competitive power markets, electricity prices are determined by balance between demand and supply in electric power exchanges or bilateral contracts. The problem formulation is bilateral contract incorporated into Multi-area unit commitment with import/export and tie-line constraints. This proposed method considers maximizing own profit or minimize the operating cost among the generating companies in multi-area system. The feasibility of the proposed algorithm has been demonstrated using IEEE system with four areas and experimental results shows that proposed method is reliable, fast and computationally efficient

• The Transactions of the Korean Institute of Electrical Engineers A
• /
• v.52 no.11
• /
• pp.668-674
• /
• 2003

The electric marketplace is in the midst of major changes designed to promote competition. No longer vertically integrated with guaranteed customers and suppliers, electric generators and distributors will have to compete to sell and buy electricity. Unit commitment (UC) in such a competitive environment is not the same as the traditional one anymore. The objective of UC is not to minimize production cost as before but to find the solution that produces a maximum profit for a generation firm. This paper presents a hi-level formulation that decomposes the UC game into a generation-decision game (first level game) and a state(on/off)-decision game (second level game). Derivation that the first-level game has a pure Cournot Nash equilibrium(NE) helps to solve the second-level game. In case of having a mixed NE in the second-level game, this paper chooses a pure strategy having maximum probability in the mixed strategy in order to obviate the probabilistic on/off state which may be infeasible. Simulation results shows that proposed method gives the adequate UC solutions corresponding to a NE.

• Proceedings of the Korean Institute of IIIuminating and Electrical Installation Engineers Conference
• /
• 2000.11a
• /
• pp.235-240
• /
• 2000

This paper presents the reasonable method for electric power management through efficient use of electricity. With a rapid of national economics and living standard, electrical energy consumption markedly increased. Especially it is increased electrical energy consumption in commercial buildings and thus an energy conservation through efficient use of electricity became more important.

• Proceedings of the SAREK Conference
• /
• 2009.06a
• /
• pp.315-320
• /
• 2009

Thermoeconomics or exergoeconomics can be classified into the three fields of cost estimating, cost optimization, and internal cost analysis. The objective of cost estimating is to estimate each unit cost of product and allocate each cost flow of product such as electricity or hot water. The objective of optimization is to minimize the input costs of capital and energy resource or maximize the output costs of products under the given constraints. The objective of internal cost analysis is to find out the cost formation process and calculate the amount of cost flow at each state, each component, and overall system. In this study, a new thermoeconomic methodology was proposed in the three fields. The proposed methodology is very simple and obvious. That is, the equation is only each one, and there are no auxiliary equations. Any energy including enthalpy and exergy can be applied and evaluated by this equation. As a new field, the cost allocation methodology on cool air or hot air produced from an air-condition system was proposed. Extending this concept, the proposed methodology can be applied to any complex system.

• Proceedings of the KSME Conference
• /
• 2001.06d
• /
• pp.689-696
• /
• 2001

Exergetic and thermoeconomic analysis were performed for a 200kW Phosphoric Acid Fuel Cell(PAFC) plant which offers many advantage for cogeneration in the aspect of high electrical efficiency and low emission. This analytical study was based on the data obtained by in-field measurement of PC25 fuel cell plant to find whether this system is viable economically. For 100% load condition, the electrical efficiency and the unit cost of electricity are about 45% and 0.032 $/kWh respectively, which turn out to be much better than those for the 1000kW gas turbine cogeneration plant. Further, at lower loads, the unit costs of electricity and hot water increase slightly and consequently more economic operation is possible at any loads.

• Proceedings of the KIEE Conference
• /
• 2005.11b
• /
• pp.277-279
• /
• 2005

Generally, It was used to use a unit of a Large regularity in developing Large Capacity Converter System of the electric power. Lager a capacity of a unit of regularity, more expensive cost of it. So, normally, We overcome the limit of a proper form of an electricity semiconductor which be used in application field of Large capacity electricity conversion system through the Composition of Multi-level Circuit or Dual-Mode or parallel switch. but some problem is discussed. Using parallel RC-diode circuit instead of Large Capacity diode, We implemented a circuit that it overcome the limit of a regularity with dealing current distributed by parallel RC-diode circuit.

• Journal of the Korean housing association
• /
• v.23 no.6
• /
• pp.31-38
• /
• 2012

In this paper, we draws tendency of the electricity consumption in residential buildings according to inhabitants Composition types and the level of incomes. it is necessary to reduce energy cost and keep energy security through the electricity demand forecasting and management technology. Progressive social change such as increases of single household, the aging of society, increases in the income level will replace the existing residential electricity demand pattern. However, Only with conventional methods that using only the energy consumption per-unit area are based on Energy final consumption data can not respond to those social and environmental change. To develop electricity demand estimation model that can cope flexibly to changes in the social and environmental, In this paper researches propensity of electricity consumption according to the type of residents configuration, the level of income. First, we typed form of inhabitants in residential that existed in Korea. after that we calculated hourly electricity consumption for each type through National Time-Use Survey performed at the National Statistical Office with considering overlapping behavior. Household appliances and retention standards according to income level is also considered.

• Advances in Energy Research
• /
• v.3 no.3
• /
• pp.167-179
• /
• 2015

This paper presents a techno-economic analysis of a partial repowering scheme for an existing 210 MW coal fired power plant by integrating a gas turbine and by employing waste heat recovery. In this repowering scheme, one of the four operating coal mills is taken out and a new natural gas fired gas turbine (GT) block is considered to be integrated, whose exhaust is fed to the furnace of the existing boiler. Feedwater heating is proposed through the utilization of waste heat of the boiler exhaust gas. From the thermodynamic analysis it is seen that the proposed repowering scheme helps to increase the plant capacity by about 28% and the overall efficiency by 27%. It also results in 21% reduction in the plant heat rate and 29% reduction in the specific $CO_2$ emissions. The economic analysis reveals that the partial repowering scheme is cost effective resulting in a reduction of the unit cost of electricity (UCOE) by 8.4%. The economic analysis further shows that the UCOE of the repowered plant is lower than that of a new green-field power plant of similar capacity.

• Journal of Electrical Engineering and Technology
• /
• v.5 no.4
• /
• pp.530-537
• /
• 2010

By development of renewable energy and more efficient facilities in an increasingly deregulated electricity market, the operation cost of distributed generation (DG) is becoming more competitive. International environmental regulations of the leaking carbon become effective to reinforce global efforts for a low-carbon paradigm. Through increased DG, operators of DG are able to supply electric power to customers who are connected directly to DG as well as loads that are connected to entire network. In this situation, a community energy system (CES) with DGs is a new participant in the energy market. DG's purchase price from the market is different from the DG's sales price to the market due to transmission service charges and other costs. Therefore, CES who owns DGs has to control the produced electric power per hourly period in order to maximize profit. Considering the international environment regulations, CE will be an important element to decide the marginal cost of generators as well as the classified fuel unit cost and unit's efficiency. This paper introduces the optimal operation of CES's DG connected to the distribution network considering CE. The purpose of optimization is to maximize the profit of CES. A Particle Swarm Optimization (PSO) will be used to solve this complicated problem. The optimal operation of DG represented in this paper would guide CES and system operators in determining the decision making criteria.

• Journal of the Korean Society for Geothermal and Hydrothermal Energy
• /
• v.10 no.2
• /
• pp.19-23
• /
• 2014

In the capital of Mongolia where the air quality is getting worse due to the coal consumption used for electricity generation and district heating, the application of geothermal systems in the housing sector is recently designed for high class resort. In this study, the case of applying a geothermal system in a house in Mongolia is examined. The effects of passive house design on the needed heat pump capacity, as well as the annual energy consumption are analyzed. Moreover, as the initial costs, except labor fee, are assumed similar to Korea, cost analysis for several cases is examined, too. From the results, if a house is designed according to passive house standard instead of ASHRAE standard, the heat pump capacity can be expected to be reduced from 16 to 5~6 RT. Furthermore, although the initial cost of architectural cost might increased by 29 M\, the total initial cost is reduced by 14 M\, while the annual energy consumption is reduced by 14%. This is mainly driven by the fact that the geothermal system which serves as the main system to cover the building needs, with a high initial cost for fulfilling the peak requirements.