• Environmental and Resource Economics Review
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• v.13 no.4
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• pp.593-619
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• 2004

This study analyzes the interfuel substitution of energy demand in Korean manufacturing sector using static and dynamic linear logit models. For the period of 1981~2002, this study uses petroleum, electricity, natural gas and coal as energy sources. According to the empirical results, firstly, the own-price elasticity of coal has been increased steadily even though its elasticity is smallest compared with those of other energy sources. On the other hand, price elasticity of natural gas is largest, but its value has been decreased after 1997. Price elasticities of petroleum and electricity are very stable over the sample period. One of the main features in trends of interfuel substitution is as follows. Substitution effect of a change in price of natural gas on both petroleum and coal has been increased especially after 1997. The implication of the empirical results is summarized as follows: First, the fact of inelastic own-price elasticity of petroleum implies that the dependency of Korean manufacturing sector on petroleum and coal will be persistent even in a sharp fluctuation of petroleum price. Second, the effects of price increase in natural gas on demand for petroleum and coal are very significant. Thus, price decline of natural gas rather than price declines of coal and petroleum could be more effective as an energy price policy for the reduction of $CO_2$ emission. The assessment on this implication will remain for future researches.

• Korea Petroleum Association Journal
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• no.10 s.20
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• pp.6-12
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• 1982

1.문제의 제기2.석유류가격의 구조분석 1)단계별 사격형성과정2)공장도가격의 결정요인 3.석규류가격의 국제비교 1)가격정책비교2)국별가격비교3)국내가격수준의 평가4.석유류가격정책의 전환방향 1)유가자율화실시의 타당성 2)유가자율화 실시에 따른 난제 3)합리적인 가격정책방향

• Journal of Energy Engineering
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• v.22 no.4
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• pp.376-385
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• 2013

There are conflicts about energy price increase among government, producer, and consumer. The supplier insists on price increase for escaping running a deficit and business continuity, but the consumer concerns about worsening profitability and price rise. This study investigates the effects of energy rate increase on national economy using input-ouput(I-O) analysis. This study attempts to analyze the effects of national economy due to Coke and hard-coal, Naphtha, Gasoline, Kerosene, Light oil, Heavy oil, Liquefied petroleum gas, Electric utilities, Manufactured gas supply and Steam and hot water supply (using input-output table for the year 2011, Korea.) The results of the sectoral price changes due to a 10% increase in energy price that is obtained from the Leontief price model are presented in article. The result of this analysis is presented: The impact of the 10% increase in electricity rate on the general price level is estimated to be 0.2196%. In case of Kerosene, the impact is 0.1222%. It shows that Electric utilities are approximately 18 times larger price inducing effect as Kerosene. Also, this study indicates 3 years results sequentially to make it possible to observe trend. Then, study suggests balancing price by making each energy source adjusted.

• 한국신재생에너지학회:학술대회논문집
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• 2008.05a
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• pp.83-86
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• 2008

정부는 2006년 8월 기존의 발전차액 지원제도를 개정하여 발전차액 기준가격 지원대상 확대, 적용기간의 15년 단일화, 수력, 바이오에너지는 고정요금과 변동요금 중에서 선택할 수 있는 선택권 부여, 기술발전에 따라 태양광, 풍력, 연료전지는2-3년간의 유예기간 이후 매년 감소율을 적용하여 기준가격을 낮추는 등 많은 제도개선 내용을 반영하였다. 2006년 10월부터 개정된 발전차액 지원제도가 시행된 이후 태양광, 풍력의 신규진입이 대폭 증가하였고 수력, LFG, 바이오가스는 대부분 변동요금을 신청하였으며 2007년 집행된 신재생에너지 발전차액 기반기금의 55% 이상이 태양광발전에 지급되는 편중현상의 영향이 나타났다. 따라서 변동요금 설계시보다 SMP 평균이 22원 이상 높아져 변동요금의 재설계, 태양광 발전의 기반기금규모가 55% 이상을 점유하고 있으며 향후 더욱 심화될 예정이므로 특정전원의 기반기금 점유비중 제한 및 최근 수년간 준공된 신재생에너지의 운영실적을 분석하고 법적요건을 상세히 검토하여 투자비, 운영비, 이용률등을 재조정하여 기준가격을 합리적으로 개정하여 제2의 신재생에너지 도약기를 마련해야 할 것이다.

• Environmental and Resource Economics Review
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• v.27 no.2
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• pp.339-362
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• 2018

In this paper, we simulate the contribution of an increasing renewable energy to demands for fossil fuels and power supply price by estimating a cost function for the Korean electric power generation sector. Since the renewable energy is a composite input, it is not feasible to compute the price index for renewable energy due to data limit. We estimate a restricted cost function, which is derived by minimizing the costs of fossil fuels conditional on the quantity of renewable energy set to its optimal level, jointly with supply relation. In particular, derivation of the shadow price of renewable energy would make it possible to analyze potential costs incurred by power plants.

• Environmental and Resource Economics Review
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• v.30 no.2
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• pp.325-345
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• 2021

In this paper, we empirically evaluate the potential performance of energy conversion policy and analyze its effects on power generation sector. We first examine the degree of substitutability between energy inputs by measuring the price elasticities of energy demands and then estimate the changes in CO₂ generation when the proportions of nuclear power plants and renewable power generation are increased. The shadow prices of nuclear power and renewable energy are calculated to compare the potential costs of power generation between the two energy sources. We analyze the impacts of the expansion of nuclear power plants and renewable power generation on power supply price. Nuclear and renewable energy were measured to be complementary to each other. The expansion of nuclear power plants has been more effective in reducing CO₂ emissions than increasing renewable power generation. In most years over 2002 to 2016, the impact of nuclear power expansion on the power supply price was generally higher than that of renewable power generation, with relatively large range of fluctuations.

• Environmental and Resource Economics Review
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• v.22 no.4
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• pp.759-784
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• 2013

Participants can use the allowances and offsets for implementing the compliance in the Emissions Trading Scheme(ETS). There are alternative commodities which are different prices it gives the opportunities to reduce the compliance costs and get the arbitrage. This study analyzes the price driver of spread which is the difference between EUA and sCER using AR-GARCH model, EUA and CER during the Phase 2 in EU ETS. The results show that there are common elements which impacts the EUA and sCER and also different elements between them. EUA and sCER get the effects from energy price and economic criteria such as coal price and financial crisis as common elements. However them get the effects from electric price, policy criteria such as restricted CERs and difference price between EUA and ERU price as different elements. The results shows that spread will be widen if energy price increase, especially oil and electric price give more impacts the spreads. This study has the means that it explains the reason why the spreads will broaden sharply in 2012. And it also suggests the price driver of spread during the whole period of Phase 2. In addition, this study shows that political aspects maybe become the main criteria of price change with structural elements shch as energy price in Korea ETS which starts in 2015.

• Environmental and Resource Economics Review
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• v.6 no.2
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• pp.209-231
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• 1997

본 논문은 전통적인 산업연관분석이 고정투입계수를 시용하고 있어서 상대가격체계의 변화에 따른 경제 주체들의 비용최소화 노력을 모형 내에 반영하지 못하고 있다는 한계를 극복하기 위하여 상대가격체계의 변화에 따라 가변투입계수를 갖는 "반복다중최적화(IMO) 모형"을 이용하여 탄소세 부과가 가격구조에 미치는 영향을 분석하였다. 분석 결과는 고정투입계수모형에 비하여 가격인상효과는 전반적으로 낮게 나타났으며, 특히 에너지집약산업은 고정투입계수모형에 비하여 가격상승률이 낮게 나타난 반면, 기타산업은 가격상승폭이 높게 나타났다. 이러한 결과는 에너지원에 대한 탄소세의 부과효과가 상대가격변화에 적응한 경제주체들의 비용최소화 노력으로 각 산업으로 분산된 결과라 여겨진다.

• Proceedings of the KIEE Conference
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• 2011.07a
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• pp.656-657
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• 2011

산업사회의 급속한 발전과 생활수준 향상에 따라 전력수요 및 공급전망에 대한 인식이 점차 강조되고 있다. 에너지자원이 부족한 우리나라는 전체 에너지의 약 97%를 수입에 의존하고 있으므로 전력공급의 정확한 수요예측을 통해서 안정적, 경제적으로 전력을 공급해야 한다. 2001년 전력산업구조개편에 따라 전력시장은 발전부문만 시장에 참여하여 경쟁하는 발전경쟁체제로 발전사업자의 입찰량과 전력거래소의 전력수요 예측 결과를 이용하여 시간대별 전력시장가격을 결정하는 가격결정발전 계획을 수립하고 있다. 본 논문에서는 청정 녹색에너지로 피크시간대에 발전하여 주파수 조절을 담당함으로써 전력계통에 크게 기여하고 있는 수력 발전기의 최적 입찰 전략 및 수력발전 사업계획에 활용할 수 있는 전력거래가격 전망 전략을 제시하여 수력발전사업자의 수익 증대와 전력시장 가격 안정화에 기여하고자 한다.

• Proceedings of the KIEE Conference
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• 2008.11a
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• pp.482-484
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• 2008

본 연구는 신재생에너지 발전차액지원제도의 기준가격이 보급규모를 제어할 수 없는 제도적 한계를 보완하여 시스템적으로 기준가격이 조정될 수 있는 유연감소율 메커니즘을 제안한다. 제안한 유연감소율 메커니즘은 시장의 보급규모에 따라 기준가격을 시스템적으로 조정함으로써 시장여건의 반영체계를 갖추어 가격조정에 대한 이행당사자간의 이해상충 문제를 완화하는 수단으로 활용될 수 있다.