• 설비공학논문집
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• 제17권6호
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• pp.560-568
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• 2005

The cost accounting of electricity and heat produced from an energy system is important in evaluating the economical efficiency and deciding the reasonable sale price. The OECOPC method, suggested by the author, was applied to a 650 MW combined cycle cogeneration system having 4 operating modes, and each unit cost of electricity and heat products was calculated. In case that a fuel cost is ${\\}400/kg$ and there are no direct and indirect cost, they were calculated as follows; electricity cost of ${\\}23,700/GJ$ at gas-turbine mode, electricity cost of ${\\}15,890/GJ$ at combined cycle mode, electricity cost of ${\\}14,146/GJ$ and heat cost of ${\\}6,466/GJ$ at cogeneration mode, and electricity cost of ${\\}14,387/GJ$ and heat cost of ${\\}4,421/GJ$ at combined cycle cogeneration mode. Further, these unit costs are applied to account benefit on this system. Since the suggested OECOPC method can be applied to any energy system, it is expected to contribute to cost accounting of various energy systems.

• 대한설비공학회:학술대회논문집
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• 대한설비공학회 2009년도 하계학술발표대회 논문집
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• pp.1197-1202
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• 2009

Cost allocation on cogeneration is a methodology dividing the input of common cost to electricity cost and heat cost. In the cost allocation methodology of the electricity and heat on a cogeneration, there are energy method, work method, proportional method, benefit distribution method, reversible work method, various exergetic methods, and so on. In previous study, various cost allocation methodologies have been applied and analyzed on a gas-turbine cogeneration producing the 33.1 MW of electricity and the 32.2 Gcal/h of heat, a steam-turbine cogeneration producing the 22.2 MW of electricity and the 44.3 Gcal/h of heat, and combined-cycle cogeneration producing the 314.1 MW of electricity and the 279.4 Gcal/h of heat. In this study, we integrately analyze the results of previous studies and examine the generality and rationality each methodology. Additionally, a new point of view on the values of alternative electricity efficiency and alternative heat efficiency in the previous methodologies was proposed. As the integrated result, we conclude that reversible work method of various common cost allocation methodologies is most rational.

• 청정기술
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• 제29권1호
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• pp.53-58
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• 2023

This study shows the summary of the economic performance of excess electricity conversion to hydrogen as well as methane and returned conversion to electricity using a fuel cell. The methane production process has been examined in a previous study. Here, this study focuses on the conversion of methane to electricity. As a part of this study, capital expenditure (CAPEX) is estimated under various sized plants (0.3, 3, 9, and 30 MW). The study shows a method for economic optimization of electricity generation using a fuel cell. The CAPEX and operating expenditure (OPEX) as well as the feed cost are used to calculate the discounted cash flow. Then the levelized cost of returned electricity (LCORE) is estimated from the discounted cash flow. This study found the LCORE value was ¢10.2/kWh electricity when a 9 MW electricity generating fuel cell was used. A methane production plant size of 1,500 Nm³/hr, a methane production cost of $11.47/mcf, a storage cost of $1/mcf, and a fuel cell efficiency of 54% were used as a baseline. A sensitivity analysis was performed by varying the storage cost, fuel cell efficiency, and excess electricity cost by ±20%, and fuel cell efficiency was found as the most dominating parameter in terms of the LCORE sensitivity. Therefore, for the best cost-performance, fuel cell manufacturing and efficiency need to be carefully evaluated. This study provides a general guideline for cost performance comparison with LCORE.

• 한국농공학회논문집
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• 제53권2호
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• pp.53-60
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• 2011

This study was conducted to investigate the effect of hydropower factors (watershed, gross head), operation ratio and unit electricity cost on the benefit-cost ratio (B/C ratio) of small hydropower using agricultural reservoirs. The equation of B/C ratio was expressed as a function of watershed area, gross head, operation ratio and unit electricity cost. The benefit increased with watershed area, gross head and unit electricity cost, while the cost increased with watershed area and gross head but decreased with operation ratio. The B/C ratio increased with watershed area, gross head, operation ratio and unit electricity cost. While the effect of gross head on the B/C ratio decreased with watershed area, the effect of operation ratio and unit electricity cost on the B/C ratio increased with watershed area. The operation ratio is an important factor to affect the B/C ratio and therefore we need to develop hydropower for the heightened dams to expect high operation ratio due to continuous water release. The unit electricity cost is also an important factor to affect the B/C ratio and the B/C ratio was always below 1 unless unit electricity cost is over 60 Won/kWh under given conditions. The reservoirs with economic feasibility for small hydropower development were three in 21 when the equation of B/C ratio was appled to the study reservoirs. The results can be used to choose the appropriate reservoir with economic feasibility for development of small hydropower.

• 설비공학논문집
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• 제20권9호
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• pp.624-630
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• 2008

When various kinds of outputs are produced from a single energy system, the methodology which allocates the common cost to each output cost is very important because it is directly related with the profit and loss of producers and purchasers. In the cost allocation methodology of the heat and the electricity on a cogeneration, there are energy method, work method, proportional method, benefit distribution method, exergetic methods, and so on. On the other hand, we have proposed a worth method which can be applied to any system. The definition of this methodology is that the unit cost of a product is proportion to the worth. Where, worth is a certain evaluating basis that can equalize the worth of products. In this study, we applied worth method to a steam-turbine cogeneration which produces 22.2 MW of electricity and 44.4 Gcal/h of heat, and then we allocated 2,578 $/h of common cost to electricity cost and heat cost. Also, we compared with various cost allocation methods. As the result, we conclude that exergy of various kinds of worth basis evaluates the worth of heat and electricity most reasonably on this system.

• 대한설비공학회:학술대회논문집
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• 대한설비공학회 2008년도 동계학술발표대회 논문집
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• pp.351-356
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• 2008

When various kinds of outputs are produced from a single energy system, the methodology which allocates the common cost to each output cost is very important because it is directly related with the profit and loss of producers and purchasers. In the cost allocation methodology of the heat and the electricity on a cogeneration, there are energy method, work method, proportional method, benefit distribution method, various exergetic methods, and so on. On the other hand, we have proposed a worth evaluation method which can be applied to any system. The definition of this methodology is that the unit cost of a product is proportion to the worth. Where, worth is a certain evaluating basis that can equalize the worth of products. In this study, we applied this methodology to a gas-turbine cogeneration which produces 119.2 GJ/h of electricity and 134.7 GJ/h of heat, and then we allocated 3,150 $/h of fuel cost to electricity cost and heat cost. Also, we compared with various cost allocation methods. As the result, we conclude that exergy of various kinds of worth basis evaluates the worth of heat and electricity most reasonably on this system.

• 설비공학논문집
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• 제21권4호
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• pp.252-259
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• 2009

When various kinds of outputs are produced from a single energy system, the methodology which allocates the common cost to each output cost is very important because it is directly related with the profit and loss of producers and purchasers. In the cost allocation methodology of the heat and the electricity on a cogeneration, there are energy method, work method, proportional method, benefit distribution method, various exergetic methods, and so on. On the other hand, we have proposed a worth evaluation method which can be applied to any system. The definition of this methodology is that the unit cost of a product is proportion to the worth. Where, worth is a certain evaluating basis that can equalize the worth of products. In this study, we applied this methodology to a gas-turbine cogeneration which produces 119.2 GJ/h of electricity and 134.7 GJ/h of steam, and then we allocated 3,150 $/h of fuel cost to electricity cost and steam cost. Also, we compared with various cost allocation methods. As the result, we conclude that reversible work of various kinds of worth basis evaluates the worth of heat and electricity most reasonably.

• 에너지공학
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• 제15권1호
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• pp.14-22
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• 2006

원자력발전과 신재생에너지발전에 대하여 과학적, 객관적 검토없이 다양한 정책과 주장이 제기되고 있다. 본 연구에서는 국가별 에너지정책을 조사 분석하고 총 34개의 가능한 전원구성 시나리오를 도출하였다. 이들 시나리오가 우리나라 전력정책에 도입될 경우를 가정하여 전력단가를 계산하였다. 전력단가 계산방법은 현재 우리나라 전력시장에서 사용하는 한계가격결정 방법을 사용하였고 발전원별로 표준건설비 및 운영비를 적용함으로써 계산을 단순화하였다. 계산결과 송배전 비용과 사업자의 이윤을 제외한 현행 전원 구성에 대한 전력단가는 평균 22.18원/kWh이고 전원구성비에 따라 19.74에서 164.07원/kWh까지 분포하였다. 원자력발전비율이 증가할수록 전력단가는 낮아졌고 신재생에너지 발전비율이 증가할수록 전력단가는 높아졌다. 주목할 만한 것은 신재생에너지 발전비율이 20%를 넘어서게 되면 값싼 기저발전을 활용할 수 없게 되어 전력수요가 적은 시간대에 전력단가가 오히려 상승하였다.

• 설비공학논문집
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• 제20권5호
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• pp.321-326
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• 2008

This paper presents and analyzes the effects of on-grid electricity cost, fuel price and initial capital cost of a CHP system, on the optimum DG and AC capacity and NPV, by using the ORNL CHP Capacity Optimizer, which was applied to a library in a university. By considering the current domestic energy cost and initial capital cost, it is shown that the installation and operation of the CHP system is not economical. However, with the current domestic CHP installation cost and fuel price, the NPV achieved by the installation of CHP system is greater when the on-grid electricity price is a factor of ${\times}1.5$ the present value. Regarding the initial capital cost of the CHP system, the reduction of the DG cost is much more economical than that of the AC cost, with respect to NPV. Electricity cost and fuel price have opposite effects on NPV, and NPV is more sensitive to an increase of the electricity cost than an increase of the fuel price.

• 한국태양에너지학회:학술대회논문집
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• 한국태양에너지학회 2008년도 춘계학술발표대회 논문집
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• pp.281-286
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• 2008

Current feed-in tariffs(FIT) of Electricity generating from new and renewable energy sources are reappraised with the corrected formula of levelized generation cost(LGC) of utility power. The LGC of new and renewable electricity should be formulated in explicitly reflecting the capital cost and corporate tax during the economic life cycle based on its realistic application data. An applicable term of the FITs should, especially, be equal to the economic life cycle. The revised FITs issued in 2006 were, however, derived from the incorrect formula described in the study of KERI(Korea Electrotechnology Research Institute), and consequently misestimated. The reappraisal values for FIT of new and renewable electricity were shown and interpreted in this paper. An FIT of PV more than 30 kW, for example, should be 972.86 won/kWh instead of current 677.38 won/kWh increasing 43.6%. An upward revision of other FITs for new and renewable electricities should also be required in the range of 8.6% to 47.3%.