• Title/Summary/Keyword: Energy cost reduction

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Farm survey on the application of solar energy system to the controlled culture (태양열을 이용한 난방시스템의 시설재배 실용화 실태 조사)

  • 남상영;강한철;김태수;김인재;김민자;이철희
    • Korean Journal of Plant Resources
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    • v.13 no.3
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    • pp.249-254
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    • 2000
  • Heating supply system using solar energy-collecting plate was examined for 20 farmers. Some problems, resolution, future energy system, and basic information were discussed, Installation cost was approximately 18 million won/20a. Main crops cultured were tomato(30%) and floricultural crop(40%). Minor crops cultured were grape, red pepper, cucumber, lettuce, and strawberry. Information was mostly obtained from agricultural service agents. 75% of farm house hold reported that energy reduction effect was below 20%, showing some different result compared with over 20% that was totalized from agricultural service agents. Cost of installation was excessive in considering energy reduction effect. Another problem was insufficient technical proficiency of solar energy company.

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Optimal unidirectional grid tied hybrid power system for peak demand management

  • Vineetha, C.P.;Babu, C.A.
    • Advances in Energy Research
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    • v.4 no.1
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    • pp.47-68
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    • 2016
  • A well designed hybrid power system (HPS) can deliver electrical energy in a cost effective way. In this paper, model for HPS consisting of photo voltaic (PV) module and wind mill as renewable energy sources (RES) and solar lead acid battery as storage device connected to unidirectional grid is developed for peak demand reduction. Life time energy cost of the system is evaluated. One year hourly site condition and load pattern are taken into account for analysing the HPS. The optimal HPS is determined for least life time energy cost subject to the constraints like state of charge of the battery bank, dump load, renewable energy (RE) generation etc. Optimal solutions are also found out individually for PV module and wind mill. These three systems are compared to find out the most feasible combination. The results show that the HPS can deliver energy in an acceptable cost with reduced peak consumption from the grid. The proposed optimization algorithm is suitable for determining optimal HPS for desired location and load with least energy cost.

Effects of District Energy Supply by Combined Heat and Power Plant on Greenhouse Gas Emission Mitigation (열병합발전을 이용한 집단에너지사업의 온실가스 감축효과)

  • Shin, Kyoung-A;Dong, Jong-In;Kang, Jae-Sung;Im, Yong-Hoon;Kim, Da-Hye
    • Journal of Climate Change Research
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    • v.8 no.3
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    • pp.213-220
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    • 2017
  • The purpose of this study is to analyze effects of Greenhouse Gas (GHG) emission reduction in district energy business mainly based on Combined Heat and Power (CHP) plants. Firstly this paper compares the actual carbon intensity of power production between conventional power plants and district energy plants. To allocate the GHG from CHP plants, two of different methods which were Alternative Generation Method and Power Bonus Method, have been investigated. The carbon intensity of power production in district energy plants ($0.43tonCO_2e/MWh$) was relatively lower than conventional gas-fired power plants ($0.52tonCO_2e/MWh$). Secondly we assessed the cost effectiveness of reduction by district energy sector compared to the other means using TIMES model method. We find that GHG marginal abatement cost of 'expand CHP' scenario (-$134/ton$CO_2$) is even below than renewable energy scenario such as photovoltaic power generation ($87/ton$CO_2$). Finally the GHG emission reduction potential was reviewed on the projected GHG emission emitted when the same amount of energy produced in combination of conventional power plants and individual boilers as substitution of district energy. It showed there were 10.1~41.8% of GHG emission reduction potential in district energy compared to the combination of conventional power plants and individual boilers.

An Experimental Study on the Ground Source Heat Pump System for Heating Economic Efficiency and Reduction Amount of $CO_2$ (지열 시스템의 난방 경제성 및 $CO_2$ 절감 실증 연구)

  • Nam, Leem-Woo;Paek, Gi-Dong
    • Journal of the Korean Society for Geothermal and Hydrothermal Energy
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    • v.3 no.2
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    • pp.25-30
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    • 2007
  • The final energy consumption in the building sector in Korea represents almost 20% of the total energy consumption. Besides, Space heating and hot water generation in Korea are based on fossil fuels, with a serious environmental impact. This study describes thermal performance of heating demonstration system using close-loop ground source heat pump installed at Korean minjok leadership academy. The results of the experimental study, it retrieve the investment cost for 3years 8months and reduction amount of $CO_2$are 293,900 $kgCO_2$.

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A Study on Economic Analysis Algorithm for Energy Storage System Considering Peak Reduction and a Special Tariff (피크저감과 특례요금제를 고려한 ESS 경제성 분석 알고리즘에 관한 연구)

  • Son, Joon-Ho
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.67 no.10
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    • pp.1278-1285
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    • 2018
  • For saving electricity bill, energy storage system(ESS) is being installed in factories, public building and commercial building with a Time-of-Use(TOU) tariff which consists of demand charge(KRW/kW) and energy charge(KRW/kWh). However, both of peak reduction and ESS special tariff are not considered in an analysis of initial cost payback period(ICPP) on ESS. Since it is difficult to reflect base rate by an amount of uncertain peak demand reduction during mid-peak and on-peak periods in the future days. Therefore, the ICPP on ESS can be increased. Based on this background, this paper presents the advanced analysis method for the ICPP on ESS. In the proposed algorithm, the representative days of monthly electricity consumption pattern for the amount of peak reduction can be found by the k­means clustering algorithm. Moreover, the total expected energy costs of representative days are minimized by optimal daily ESS operation considering both peak reduction and the special tariff through a mixed-integer linear programming(MILP). And then, the amount of peak reduction becomes a value that the sum of the expected energy costs for 12 months is maximum. The annual benefit cost is decided by the amount of annual peak reduction. Two simulation cases are considered in this study, which one only considers the special tariff and another considers both of the special tariff and amount of peak reduction. The ICPP in the proposed method is shortened by 18 months compared to the conventional method.

Cost-Benefit Analysis of Oxy-Combustion Demonstration Project (순산소발전 실증사업의 비용-편익 분석)

  • Jin, Se-Jun;Yoo, Seung-Hoon
    • Journal of Energy Engineering
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    • v.21 no.2
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    • pp.179-186
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    • 2012
  • A climate change by increase of greenhouse gas is coming to the front by a large issue, and oxy-combustion demonstration project is coming to the attention to one plans for the reduction of carbon dioxide in power generation sector that used a fossil energy in points of time. This paper estimates benefit of electric generation, benefit of greenhouse gas reduction, benefit of environmental pollutant decreasing and domestic and foreign market value-added benefit caused by oxy-combustion demonstration project. Furthermore, this paper attempts to cost-benefit analysis, using NPV, B/C ratio, IRR techniques for oxy-combustion demonstration project. The results indicate that NPV is 681,620million KRW, B/C ratio 1.69 and IRR 21.4%. Accordingly, oxy-combustion demonstration project ensures economic feasibility that the three indicators have exceeded 0, 1.0 and 5.5%. Moreover, uses of the result is useful for the reduction of carbon dioxide in thermal power generation sector of policy decision.

A Study on the Analysis of Energy Consumption in University Campuses (종합대학 캠퍼스의 에너지 소비현황 분석에 관한 연구)

  • Jung, Jae-Woong;Kim, Dong-Woo;Seok, Ho-Tae;Yang, Jeong-Hoon
    • 한국태양에너지학회:학술대회논문집
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    • 2009.11a
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    • pp.175-180
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    • 2009
  • Today, the amount of energy consumption at the university campuses is huge. The effort for the energy consumption reduction in university campuses is certainly needed by the following reason; first, contribution for the reduction request about green house gas emission. Second, energy cost reduction in university campus. Third, emotional spreading influence consideration as the maximum higher educational institutions. For the energy consumption reduction in university campus, the energy consumption analysis of current situation has to be executed. The energy reduction possibility in which it exists in university campus can be understood through the energy consumption analysis. And the application is possible as fundamental data of the policy establishment for the effective energy reduction in university campuses. This research analyzed the energy consumption present state of the major university campus of the Korea as the fundamental research for the energy consumption reduction plan preparation of the university campus. Moreover, surveys were performed and analyzed for the energy manager in charge of the university campus.

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RELIABLE ROLE OF NUCLEAR POWER GENERATION UNDER CO2 EMISSION CONSTRAINTS

  • Lee, Young-Eal;Jung, Young-Beom
    • Nuclear Engineering and Technology
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    • v.39 no.5
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    • pp.655-662
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    • 2007
  • Most decision makers in the electricity industry plan their electric power expansion program by considering only a least cost operation, even when circumstances change with differing complexities. It is necessary, however, to analyze a long-term power expansion plan from various points of view, such as environmental friendliness, benefit of a carbon reduction, and system reliability, as well as least cost operation. The objective and approach of this study is to analyze the proper role of nuclear power in a long-term expansion plan by comparing different scenarios in terms of the system cost changes, $CO_2$ emission reduction, and system reliability in relation to the Business-As-Usual (BAU). The conclusion of this paper makes it clear that the Korean government cannot but expand the nationwide nuclear power program, because an increased energy demand is inevitable and other energy resources will not provide an adequate solution from an economic and sustainability point of view. The results of this analysis will help the Korean government in its long-term resource planning of what kinds of role each electric resource can play in terms of a triangular dilemma involving economics, environmental friendliness, and a stable supply of electricity.

The Analysis of Life Cycle Cost and Cooling Water Circulating Pump Energy Saving According to Variable Speed Pressure Differential Setpoint Control Strategy

  • Kim, Seo-Hoon;Kim, Jong-Hun;Jang, Cheol-Yong;Song, Kyoo-dong
    • KIEAE Journal
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    • v.15 no.4
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    • pp.37-43
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    • 2015
  • Purpose : The study applied control strategy to reduce through optimal control and operation of pump by applying control on variable speed to the circulation pump of HVAC system in the office building. The study has the purpose to review validity of control on variable speed as ESMs(Energy Saving Measures) and establish the control technology on variable speed pump. The study performed reduction analysis of building energy and economic evaluation of pump through energy effectiveness control strategy of HVAC system. Method: The study sought possible reduction through energy control strategy which can provide proper flow fitting to building load by applying control on variable speed pump. The study applied control strategy to reduce through pressure differential set-point control and operation of pump by applying control on variable speed to the circulation pump of HVAC system in the office building. Result : The results showed that about 16-35% of pump energy could be saved by using these optimal control strategies. In the result of analysis on 10 years life cycle cost of analysis on payback period of initial investment pump, variable speed pump control showed 5.1 years.

Economic Feasibiltiy Analysis of Renewable Energy of Green Home Policy (그린홈사업을 위한 신재생에너지 기술의 경제적 타당성 평가)

  • An, Hyung-Jun;Heo, Eun-Nyeong
    • 한국신재생에너지학회:학술대회논문집
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    • 2009.06a
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    • pp.196-199
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    • 2009
  • Korean government decided to give a subsidy for renewable energy system of green home. This policy will make an appeal to consumers. But For success of this policy, Economic benefit of consumer is essential. In this study, benefit and cost is seperated to consumer part and government part, respectively. consumer's benefit is energy saving and asset value increment. Consumer's cost is real input money except government's subsidy. Government's benefit is consist of energy import reduction, carbon discharge reduction and new production increment, As a result, the government subsidy will not so enough to activate the green home. PV system for the korean general apartment has the payback period of 19 years. So, For the dissemination of renewable energy of green home, more strong subsidy policy and more economic technoloy development is requested.

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