• New & Renewable Energy
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• v.17 no.2
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• pp.1-8
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• 2021

We estimated the price range of electricity transactions under the prosumer system, considering the spread of renewable energy and the prospect of introducing a surplus power trading system between power consumers in Korea. The range (min/max) of power transaction prices was estimated by prosumers and consumers who could purchase electricity from utilities if needed. It is assumed that utilities purchased electricity from prosumers and consumers under a Time-of-Use (TOU) rate, trading at a monthly price. The range of available transaction prices according to the amount of power purchased from utilities and the amount of transaction power was also estimated. The price range that can be traded is expected to vary depending on variables such as the TOU rate, purchased and surplus power, levelized cost of electricity, etc.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.67 no.2
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• pp.165-172
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• 2018

This paper presents a structure of the retail electricity market based on the local pool with LDERP(Local Distributed Energy Resource Provider) for small energy prosumers. LDERP is an operator for the proposed market, which conducts performance measurement and settlement by the distribution plan determined through contract with participants. The trading process is designed similarly to the negawatt market. In the case study, the many-sided conditions of the proposed market are comparatively analyzed with the existing prosumer programs. The results demonstrate the effectiveness of the proposed framework in determining the purpose of market operating for the benefit of participants according to the various situations.

• Smart Media Journal
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• v.9 no.3
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• pp.52-58
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• 2020

The growing global energy demand has been the motivation for innovations for improved approaches on energy trade. The involvement of new energy market players known as prosumers have also enabled Peer-to-Peer (P2P) energy trade in microgrid communities. In this paper, a novel approach to energy trading based on Hive Strategy is proposed. The strategy aims to encourage prosumers to become workers that will meet the energy demands of consumers referred to as hives. The workers are selected based on their Prosumer Ratings (PR) and are ranked from the ones with the highest PR to the lowest. Using the PR, prosumers with the best energy consumption and generation behaviors are prioritized for energy trade. To test the proposed strategy, a simulation has conducted and the results show how the energy demand of the hive is met by the workers. Furthermore, an improvement in the pay-offs and PR of the workers are observed.

• The Journal of the Korea institute of electronic communication sciences
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• v.11 no.8
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• pp.773-782
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• 2016

Recently, Energy Industry is in the face of such sustained Low-Growth, Energy Depletion, Climate Warming and Energy Companies bankruptcy, Various methods have been tried to break through it. In this paper, We propose Business Model of Energy New Industry in Electric Power Market after analyze background of Energy New Industry and Technology Trends. The proposed Business Model introduces Energy of Things(: EoT) Service based Advanced Metering Infrastructure, Energy Storage System(: ESS) for Frequency Regulation, Energy Prosumer using Vehicle and Grid(: VnG) and Smart City.

• KEPCO Journal on Electric Power and Energy
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• v.7 no.1
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• pp.93-99
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• 2021

The government has proposed a mission to enhance intelligent power networks, decrease coal-fired generation, expand distributed energy resources, and promote energy prosumer into the distribution network in Korea. Installation cost of facility expansion to guaranteed interconnection with small distributed energy resources increases dramatically on KEPCO's distribution sector. And it is hard to withdraw in time. In addition, there are explicit research is required to meet the reliability on grid corresponding to the increase of distributed power. Infrastructure support for accommodating energy prosumer is also needed. Therefore, KEPCO is pushing transition to DSO by expanding distribution management scope and changing its roles. In addition, KEPCO is proactively preparing for integrated operation between distribution network and existing distributed power which is accommodated passively. KEPCO is also trying to accept multiple network users, e.g. building platforms, to manage a data and promote new markets. In the long term, transition to DSO will achieve saving investment costs for accommodating distributed sources and maintaining stable electrical quality. And it will be possible to create new business model using the platform to secure revenue.

• The Journal of Korea Institute of Information, Electronics, and Communication Technology
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• v.11 no.1
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• pp.45-53
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• 2018

The proliferation of distributed power sources such as renewable energy sources drives the changes of consumers to prosumers who actively want to deal with energy. The prosumer is a new type of consumer that can sell surplus energy or additionally generated energy to electric power companies, other energy service providers, or other consumers. To implement such a concept, a new technology and platform that can support the transaction of the prosumers are required. However, the study in the area is limited since it is in the early stage. This work examines the state-of-the-art transaction-based energy management technology through comparative analysis of representative technologies to show the future trends. Although, technologies and standards for transaction based energy are not much matured yet. related new research will be continued via competitions.

• The Journal of Korea Institute of Information, Electronics, and Communication Technology
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• v.13 no.6
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• pp.590-596
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• 2020

In the island areas where system connection with the commercial power grid is difficult, it is quite important to find a method to efficiently manage energy produced with independent microgrids. In this paper, a prosumer management system for P2P power transaction was realized through the testing the power meter and the response rate of the collected data for the power produced in the small-scale microgrids in which hybrid models of solar power and wind power were implemented. The power network of the microgrid prosumer was composed of mesh structure and the P2P power transaction was tested through the power meter and DC power transmitter in the off-grid sites which were independently constructed in three places. The measurement values of the power meter showed significant results of voltage (average): 380V + 0.9V, current (average): + 0.01A, power: 1000W (-1W) with an error range within ±1%. Stabilization of the server was also confirmed with the response rate of 0.32 sec. for the main screen, 2.61 sec. for the cumulative power generation, and 0.11 sec for the power transaction through the transmission of 50 data in real time. Therefore, the proposed system was validated as a P2P power transaction system that can be used as an independent network without transmitted by Korea Electric Power Corporation (KEPCO).

• Smart Media Journal
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• v.9 no.3
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• pp.18-24
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• 2020

Existing energy was a system produced by a specific company and sold to consumers, but it is expected that in the near future, producers will become consumers and consumers will become producers. Recently, the emergence of cloud systems, 5G network construction, and energy reuse, including solar energy, are changing the shape of the energy market. In order to share energy, there are various agent systems, energy networks, and structures that form markets. In this study, we defined the above three and proposed a strategy using the Secure Energy Model (SEM) by applying a blockchain for a safe and fair energy market. The analytical results showed that the trust between the energy producers and consumers participating in the energy trade was formed.

• Journal of Contemporary Eastern Asia
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• v.20 no.2
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• pp.259-277
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• 2021

This article investigates the geopolitics of the energy transition era, concentrating on China's solar photovoltaic (PV) industry. Authors have noted that the rise of renewables is changing the geopolitical landscape of world energy systems, but these new energy sources carry their own technical characteristics and geopolitical implications. Bearing this in mind, this research answers the questions: What are the structural factors that facilitate China's use of renewable energy to achieve political goals, and what are their implications? In order to analyze the data, I devise an analytical framework based on the energy statecraft literature and contrast rival explanations, particularly the "prosumer theory" and the premise of less geopolitical interdependence in a renewable-centered world. I show that asymmetric interdependence in the solar PV sector is already a reality. China's solar PV industry is a case that suffices all conditions (centrality in industrial capacity, market share, and companies' compliance, but to a lesser extent in critical materials and technological endowments) in the solar PV sector to devise effective strategies aimed at reaping benefits out of its asymmetric interdependence with the rest of the world.

• Journal of Energy Engineering
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• v.28 no.4
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• pp.76-81
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• 2019

This paper is a review of the certification system required for various energy prosumer business models, including P2P energy trading and participation in small demand response programs, which are based on reliable production and consumption certification. One of the most important parameter in energy trading is ensuring the reliability of trading account balancing. Therefore, we studied to use big data pattern analysis based blockchain smart contract between trading partners to make its tradings are more reliable. For this purpose big data analysis system collected from the IoT AMI and a production authentication system using a private blockchain network linked with the AMI is discussed, using the blockchain smart contract are also suggested. Futhermore, energy trading system concept and business models are introduced.