• Korean Chemical Engineering Research
• /
• v.56 no.5
• /
• pp.655-662
• /
• 2018

To respond effectively to climate change following the launch of the new climate system, the government is seeking to expand the use of distributed power resources. Among them, the district heating system centered on Combined Heat and Power (CHP) is accepted as the most realistic alternative. On the other hand, the government recently announced the change of energy paradigm focusing on eco-friendly power generation from the base power generation through $8^{th}$ Basic Plan for Long-term Electricity Supply and Demand(BPE). In this study, we analyzed the quantitative effects of profit and loss on the CHP operating business by changing patterns of the heat production, caused by the change of energy paradigm. To do this, the power market long-term simulation was carried out according to the $7^{th}$ and $8^{th}$ BPE respectively, using the commercialized power market integrated analysis program. In addition, the CHP operating model is organized to calculate the power and heat production level for each CHP operation mode by utilizing the operating performance of 830MW class CHP in Seoul metropolitan area. Based on this, the operation optimization is performed for realizing the maximum operating profit and loss during the life-cycle of CHP through the commercialized integrated energy optimization program. As a result, it can be seen that the change of the energy paradigm of the government increased the level of the ordered power supply by Korean Power Exchange(KPX), decreased the cost of the heat production, and increased the operating contribution margin by 90.9 billion won for the 30 years.

• Proceedings of the KIEE Conference
• /
• 2007.11b
• /
• pp.231-233
• /
• 2007

구조개편 이후 전력수급계획 수립여건이 한전의 독점적 계책에서 사업자 건설의향으로 전환됨에 따라 신규설비 건설계획은 수익성 위주로 전환되었다. 이에 따라 본 논문에서는 기저선비(원자력, 석탄화력) 운전효율성 항상 차원에서 건설되던 양수설비의 적정 설비규모를 계통 공급신뢰도 측면, 에너지 이응 효율성 향상 측면, 전력시장에서의 경제성 측면에서 검토하여 최적전원구성(Best Fuel Mix) 유도론 위한 정책적 방향을 제시하였다.

• Environmental and Resource Economics Review
• /
• v.21 no.3
• /
• pp.543-572
• /
• 2012

This paper compared historical energy use from 2000 between Japan and Korea and reviewed literature of mid-and long-term low carbon energy scenarios and plans in both countries released since 2000. In terms of energy use pattern, there are similarities between Korea and Japan; high dependence on energy imports, high proportion of manufacturing industry among OECD countries, closed electricity system disconnected with foreign countries, and high proportion of nuclear power generation with low proportion of renewable electricity despite of high potential of renewable energy. Differences are as follows; decreasing trend in Japan and increasing trend in Korea in terms of energy demand and supply, difficulty of exchanging electricity between regions in Japan unlike Korea, and prospect of nuclear power, that is, curtailing in Japan while expanding in Korea according to governmental plan. Energy Basic Plan in both countries established before nuclear accident in Fukushima required expanding about two times of nuclear energy by 2030, while civil society's energy scenarios suggested reducing energy demand, phasing-out nuclear power, and expanding renewable energy. This paper will serve as a base for future studies about long-term energy scenarios and plan in Japan and Korea.

• The Transactions of the Korean Institute of Electrical Engineers A
• /
• v.55 no.11
• /
• pp.453-462
• /
• 2006

This paper evaluates the reliability of KEPCO system using TRELSS, which is a probabilistic reliability evaluation program for large-scaled power system. In order to reflect the characteristic of KEPCO system, the sensitivity of reliability indices such as LOLP, EDLC, EENS and Energy Curtailment for variations of TRELSS parameter and input data was analyzed. Additionally, probabilistic reliability of KEPCO system reflecting sensitivity analysis results was systematically evaluated and simulated. Finally, maximum acceptable FOR of KEPCO system to satisfy reliability criterion, which meet in process of establishing the basic plan for long-term electricity supply and demand is suggested.

• Journal of the Korean Solar Energy Society
• /
• v.39 no.4
• /
• pp.79-91
• /
• 2019

The capacity credit (CC) is a key metric for mid- to long-term power system capacity planning. The purpose of this study is to estimate the CCs of domestic wind turbines. Based on hourly capacity factor (CF) data during the seven years from 2011 to 2017, the new so-called probabilistic CF scheme is introduced to effectively reflect the variability of CFs on CC estimation. The CCs are then estimated through the CF-based method and the ELCC (Effective Load Carrying Capability) method reflecting the probabilistic CF scheme, and the results are compared. The results show that the CC value 0.019 for domestic wind turbines proposed in the $8^{th}$ Basic Plan for Electricity Supply and Demand corresponds to the CC with a confidence level slightly lower than 95%.

• Journal of Environmental Impact Assessment
• /
• v.24 no.5
• /
• pp.472-486
• /
• 2015

More than 8M tons of coal ashes are generated from coal-fired thermal power plants every year in Korea. Excluding the recycled portion (Current recycling rate: approximately 70%), all of the generated coal ashes end up in coastal landfills. Currently, the difficulties faced in establishing new ash treatment fields are attributed to the concerns raised over the environmental impacts caused by the landfills at individual plant facilities. Given the number of coal-fired thermal power plants to be built in the future (reflected in the 7th Basic Plan for Long-term Electricity Supply and Demand), building new ash treatment fields or seeking a new treatment plan seems unavoidable. Based upon a review of coal ash and its management, this study concluded that the most effective and fundamental strategy to minimize the environmental impacts resulting from coal ash landfills is to avoid constructing new coal-fired powerplants and furthermore, suggests that the practice of beneficial use and recycling the produced coal wastes should be encouraged.

• Transactions of the Korean hydrogen and new energy society
• /
• v.22 no.1
• /
• pp.118-127
• /
• 2011

An IGCC was evaluated as one of the next generation technologies that would be able to substitute for coal-fired power plants. According to "The 4th Basic Plan of Long-term Electricity Supply & Demand" which is developed by the Electricity Business Acts, the first IGCC will be operated at 2015. Like other new and renewable energy such as solar PV, Fuel cell, The IGCC is considered as non-competitive generation technology because it is not maturity technology. Before the commercial operation of an IGCC in our electricity market, its economic feasibility under the Korean electricity market, which is cost-based trading system, is studied to find out institutional support system. The results of feasibility summarized that under the current electricity trading system, if the IGCC is considered like a conventional plant such as nuclear or coal-fired power plants, it will not be expected that its investment will be recouped within life-time. The reason is that the availability of an IGCC will plummet since 2016 when several nuclear and coal-fired power plants will be constructed additionally. To ensure the reasonable return on investment (NPV>0 IRR>Discount rate), the availability of IGCC should be higher than 77%. To do so, the current electricity trading system is amended that the IGCC generator must be considered as renewable generators to set up Price Setting Schedule and it should be considered as pick load generators, not Genco's coal fired-generators, in the Settlement Payment.

• Plant Journal
• /
• v.18 no.3
• /
• pp.41-51
• /
• 2022

Recently, LNG power plants are increasing drastically and the desire of an improvement in the quality of life is growing. The delay of power plant construction can hinder the stability of power supply and increase the cost. So this study was conducted to help power plant construction progressing from now on by studying on the social acceptance of a LNG power plant. On this study I limited the scope of the study to the stage of Site Selection which is the most conflict stage and can interrupt the project. To conduct this study I researched the recently constructed power plants which have been delayed, in particular Eumseong Natural Power Plant and Daegu LNG Power Plant which are under bitter conflicts with local residents and have difficulty in construction progressing. So I found out that it is very important to collect the opinions of the residents in the stage of Site Selection and it is necessary to change ACT ON ASSISTANCE TO ELECTRIC POWER PLANTS- NEIGHBORING AREAS. Lastly it is very important to adapt the state-of-the-art facilities to increase the social acceptance of a LNG power plant.

• Journal of Energy Engineering
• /
• v.28 no.3
• /
• pp.42-54
• /
• 2019

The solar and wind power is spreading as a means to $CO_2$ reduction, but it has the characteristics of the volatility depending on the weather changes. This article aims to estimate the additional integration costs in Korea electric system in response to such volatility of increasing solar and wind power generation, using Korea electric power trading analyzer(KEPTA). The analysis utilizes the statistics of "8th Basic Plan for Long-term Electricity Supply and Demand" and "Renewable Energy Plan 3020". As the results, integration costs will be estimated 13.94Won/kWh~32.55Won/kWh, consisting of 8.94Won/kWh as back-up costs, 1.03Won/kWh~4.45Won/kWh as balancing costs, and 3.97Won/kWh~19.16Won/kWh as grid-costs. These results suggest that when the integration costs are secured, Korea electric system will be expected in the stable situation. This article leaves the further studies with taking the technological development of solar and wind power generation, the introduction of energy storage system, and wholesale price of electricity into consideration.

• Environmental and Resource Economics Review
• /
• v.25 no.3
• /
• pp.377-401
• /
• 2016

This study analyzes how much cost the power generation and energy sector in South Korea have to bear due to the introduction of emissions trading scheme during 2016 - 2017. To this end, the data on the seventh basic plan for long-term electricity supply and demand is applied to the electricity market simulation model called M-Core, and then the model forecasts carbon dioxide emissions to compare with the free emission allowances in the first national emissions permit allocation plan. The main results are as follows. Carbon dioxide emissions are estimated to be less in 2016 but more than the free emission allowances in 2017. When the price of the allowances is changed from \10,000/ton to \20,000/ton, the cost of purchasing the allowances is ranged from \70 billion to \140 billion. Under the assumption that CO2 cost is incorporated into the variable cost, a reversal of merit order between coal and LNG generation takes place when the price of the allowances exceeds \80,000/ton.