• Title/Summary/Keyword: Energy trading

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An Empirical Study on the Operation of Cogeneration Generators for Heat Trading in Industrial Complexes

  • Kim, Jaehyun;Kim, Taehyoung;Park, Youngsu;Ham, Kyung Sun
    • Journal of the Korea Society of Computer and Information
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    • v.24 no.3
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    • pp.29-39
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    • 2019
  • In this study, we introduce a model that satisfies energy efficiency and economical efficiency by introducing and demonstrating cogeneration generators in industrial complexes using various actual data collected at the site. The proposed model is composed of three scenarios, ie, full - time operation, scenario operated according to demand, and a fusion type. In this study, the power generation profit and surplus thermal energy are measured according to the operation of the generator, and the thermal energy is traded according to the demand of the customer to calculate the profit and loss including the heat and evaluate the economic efficiency. As a result of the study, it is relatively profitable to reduce the generation of the generator under the condition that the electricity rate is low and the gas rate is high, while the basic charge is not increased. On the contrary, if the electricity rate is high and the gas rate is low, The more you start up, the more profit you can see. These results show that even a cogeneration power plant with a low economic efficiency due to a low "spark spread" has sufficient economic value if it can sell more than a certain amount of heat energy from a nearby customer and adjust the applied power through peak management.

A Study on the Energy Data Preprocessing Process for Industrial Complex Microgrid Thermal Energy Trading Platform (산업단지 마이크로그리드 열거래 플랫폼을 위한 에너지 데이터 전처리 프로세스에 관한 연구)

  • Lim, Jeongtaek;Kim, Taehyoung;Ham, Kyung Sun
    • Proceedings of the Korean Society of Computer Information Conference
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    • 2020.07a
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    • pp.355-357
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    • 2020
  • 최근 에너지 효율의 중요성이 높아지고 에너지 공급 형태가 다변화하면서 다양한 에너지원을 효율적으로 관리할 수 있는 마이크로그리드 개념이 중요해지고 있다. 본 연구의 산업단지 마이크로그리드 열거래 플랫폼은 실증사이트의 전기 및 열에너지 모니터링 기능과 열에너지 거래 정산 기능을 가지며, 이를 위해 정확하고 안정적인 실증사이트 데이터가 필요하다. 하지만 실증사이트 데이터는 에너지 단위의 불일치, 센서 및 현장 운영상태에 따른 불안정성 등의 문제가 있어 수집 직후 열거래 플랫폼에서 활용할 수 없다. 따라서 수집된 데이터를 활용하기 위해 엔진 최대 출력량, 최대 전력 사용량 등의 변수별 특성을 고려하여 데이터 전처리 프로세스를 설계 및 적용하였다.

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The Domestic Response Strategies for the Mutual Recognition Arrangement System to Greenhouse Gas (온실가스 국제상호인정 체계에 관한 국내대응방안)

  • Lee, Hae-Jung;Chung, Young-Bae
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.40 no.3
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    • pp.83-91
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    • 2017
  • Climate change has been identified as one with the greatest challenges facing nations, government, business and over future decades. Activities to reduce greenhouse gas emissions by the Kyoto Protocol, the international community has been in progress. Korea also has introduced the Emission trading system to reduce greenhouse emission from the supervision of the government. Greenhouse gases emissions quantity should be internationally recognized. Mutual Recognition Arrangement should be recognized as the same greenhouse gas emission. International recognition of domestic verification body of international mutual recognition is required. Efforts are needed to secure the equivalence between the emission rights through direct cooperation with the relative nation accreditation body. Early entry into the IAF/PAC GHG MLA is essential for demonstrating equivalence between greenhouse gas emissions. Emissions trading will also require connection to the EU ETS, California, USA, and Tokyo, Japan to link Emissions trading. In the case of establishing accreditation standards and accreditation criteria, it will be necessary to distinguish between the domestic Energy Target Management System and the Emission Trading System. Independent greenhouse gases verification bodies should be established to meet the requirements of IAF and PAC. It is necessary to revise the qualification criteria for the verification of the greenhouse gas verification body according to international standards requirements. It is necessary to support the role of accreditation bodies of domestic greenhouse gas verification bodies. It is required to join international organizations of international mutual recognition of international trade and the need for pilot projects to link greenhouse gas emissions. The core link to our emission trading system is called EU-ETS, and we will need to join the IAF/PAC GHG MLA GHG. The International Mutual Recognition Agreement (IAF) is expected to allow international interoperability of GHG emissions verification between EA and the PAC. By signing a PAC GHG MLA, it will need to be prepared to prepare for the pilot project to link the emission trading system.

The Role of Early Action for the Effective Introduction of National Allocation Plan (국가할당계획의 효율화를 위한 조기행동 전략 추진 방향)

  • Yu, Jae-Kook;Im, Young-Gyu;Choi, Ki-Ryun
    • Journal of Energy Engineering
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    • v.16 no.1 s.49
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    • pp.15-21
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    • 2007
  • In order to solve problems of global warming, many policies and measures has been implemented in various countries. In January 2005, the European Union Emission Trading Scheme officially started. In order to take it into action, the EU ETS stated that all members must submit the national allocation plan including the national's total allowances, allowances for installations, reserve for new entrants, etc. In the process of this decision-making, it was also stated that problems related with early action should be solved by each member state at its option. This paper is a study on necessity of compensation for early action and its limitation of its practices. With a comparative study on dealing with early action in the key nations including Germany, the Netherlands and United Kingdom, we can get insights and strategies for effective processes of dealing with early action and the direction for harmonizing data collection and allocation rules.

Energy Efficient Transformer, Vending Machine and the Dissemination Program of KEPCO (한전의 고효율변압기 및 고효율자판기 보급지원제도)

  • Jung, Geum-Young;You, Jae-Hong
    • Proceedings of the KIEE Conference
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    • 2007.07a
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    • pp.804-805
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    • 2007
  • 고효율변압기란 철심소재를 아몰퍼스 메탈이나 방향성 규소강판 등을 사용하여 무부하 손실(철손)을 기존 변압기에 비해 약 70% 줄인 절전형 변압기를 말하며, 고효율자동판매기는 효율향상 및 제어방법을 개선하여 여름철 피크시간대 최대수요전력을 억제하고 전기에너지 절감도 가능한 자판기를 말한다. 이러한 고효율변압기 및 고효율자동판매기 보급지원제도에 대하여 소개하고, 고효율기기들의 보급활성화 방안을 모색해보고자 한다.

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Heat-Electric Power Ratio Optimization To Maximize Profit of a Cogeneration Power Plant (열병합 발전기 수익 극대화를 위한 열전비 최적화)

  • Kim, Gun-Hoe;Lee, Jae-Heon;Moon, Seung-Jae;Chang, Taek-Soon
    • 한국전산유체공학회:학술대회논문집
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    • 2008.03b
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    • pp.381-384
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    • 2008
  • This paper presents an operational technique to maximize profit of a cogeneration power plant. To minimize errors in a loss and gain analysis of a cogeneration power plant, the energy sale profit in the cost-based-pool electric power trade market, the heat sale profit, and the supplementary fund profit for electric power industry are taken into consideration. The objective is to optimize the heat-electric power ratio to maximize profit of a cogeneration power plant. Furthermore, the constrained bidding technique to optimize heat-electric power ratiocan be obtained. Profits from of a cogeneration power plant are composed of three categories, such as the energy sale profit in the cost-based-pool electric power trade market, the heat sale profit, and the supplementary fund profit for electric power industry. Profits of a cogeneration power plant are varied enormously by the operation modes. The profits are mainly determined by the amount of constrained heat generation in each trading time. And the three profit categories arecoupled tightly via the heat-electric power ratio. The result of this case study can be used as a reference to a cogeneration power plant under the power trading system considered in this case.

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Water, Energy, and Food Nexus: Preserving Local Resources through Inter-Basin Trade

  • Wicaksono, Albert;Jeong, Gimoon;Kang, Doosun
    • Proceedings of the Korea Water Resources Association Conference
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    • 2018.05a
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    • pp.153-153
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    • 2018
  • Water-Energy-Food (WEF) nexus is a new holistic resources management concept that considers the interconnections among resources for sustainable resources planning and management. The current challenge is to fulfill the required demand in the lack of available resources. A traditional way to provide more available resource is by increase in production, but it caused increment of indirect demand of other interlinked resources. Importing resources from other area (where local supply is redundant) is another option to secure local resources with additional economic expenditure. The WEF nexus-trading model adapts the previously developed nationwide nexus simulation model with additional input parameters and functions to simulate trading scenarios. In general, the analysis starts with the quantification of local resources deficit (potential importing amount) and redundancy (potential exporting amount) of each area. Then, a trade module is initiated by determining possible donor area and importation amount. Finally, the nexus simulation for all area is re-run to determine final resources supply-demand results including the trading amount. The trade option provides an opportunity to meet local demands without draining local resources. However, the production capability of donor area may limit the importation amount. The newly developed trade option allows more alternatives for stakeholders to determine resources management plans.

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Analysis of the Impact of Key Design Elements for the EU-ETS Phase 4 on the K-ETS in the Future (EU ETS 4기의 주요 제도 설계가 향후 국내 배출권거래제 운영에 미칠 영향 분석)

  • Son, Insung;Kim, Dong Koo
    • Environmental and Resource Economics Review
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    • v.30 no.1
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    • pp.129-167
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    • 2021
  • The emission trading system is an essential policy for reducing greenhouse gas emissions and converting low-carbon society. EU ETS is a good benchmark that is ahead of Korea's emission trading system in terms of operating period and design know-how. Therefore, this study focused on the key design elements of EU ETS phase 4 such as total emission allowances issued (Cap), free allocation method, carbon leakage list, market stability reserve, and innovation supporting system. In addition, we analyzed the impact of key design elements and their changes during EU ETS Phase 1 to 4 on the design and operation of Korea emission trading system in the future. First of all, the expected impact on the design of Korea emission trading system is to increase three demands: preparing benchmark renewal plans, establishing criteria for selecting free allocation industries that reflect domestic industrial structure and characteristics and introducing two-stage evaluations for free allocation industries, and preparing specific plan to support innovation and industries using allowance auction revenues. The next three impacts on the operation of Korea emission trading system are the increased needs for objective and in-depth impact assessment of plan and amendments, provision of system stability and response opportunities by quickly confirming plan and amendments prior to the implementation, and coordination of the emission trading system governance and stakeholder participation encouragement.

Development of ESS Fair Trade System Linked with Blockchain (블록체인을 연계한 ESS 공정거래 시스템 개발)

  • Gun-Il Kim;Yang-Kwon Jeong;Young-Sik Kim;Jin-Suk Kim
    • The Journal of the Korea institute of electronic communication sciences
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    • v.18 no.1
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    • pp.149-156
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    • 2023
  • This research tried to develop an ESS electricity trading system linked with blockchain for energy participation consumers. For the purpose of publishing renewable energy ESS power amount and demand information, we will build a smart contract system on the blockchain DB, utilize the blockchain DB data of energy prosumers and consumers, and expand the power trading market flexibly. to provide realistic solutions. Therefore, the main contents of the development of the ESS power trading system linked to the blockchain are cloud-based web construction for ESS management, coin issuance and exchange registration for activating the blockchain, and to reflect the blockchain technology, building a blockchain database for collecting and supplying ESS-based production demand data, selecting a blockchain-based platform and building a foundation, and creating a smart contract, etc.

A Study on a Generation and Transmission Planning Considering CO2 Emission Constraint and Emission Trading (CO2 배출량 제약과 배출권거래제를 고려한 설비계획 방법론 개발에 관한 연구)

  • Kim, Yang-Il;Chung, Koo-Hyung;Han, Sock-Man;Kim, Bal-Ho
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.56 no.3
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    • pp.481-490
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    • 2007
  • WASP which is used to plan generation expansion has disadvantages that can't manage environmental factors and regional supply-demand planning. But with the effectuation of the United Nations Framework Convention on Climate Change (UNFCCC) and Kyoto Protocol, it is expected that reducing greenhouse gases affects power system in its long-term generation expansion planning. Therefore national countermeasures is needed. This paper formulates a mathematical model considering CO2 emission constraints and Emission Trading that will be enforced. This model is based on the MEFISET (Model for Economic Feasibility of Interstate Electrical Ties) which was made by Korea Energy Economics Institute and Hong-ik university and manages generation expansion planning. And this mathematical model is verified by studying a case system.