• Title/Summary/Keyword: Power economics

Search Result 863, Processing Time 0.266 seconds

RELIABLE ROLE OF NUCLEAR POWER GENERATION UNDER CO2 EMISSION CONSTRAINTS

  • Lee, Young-Eal;Jung, Young-Beom
    • Nuclear Engineering and Technology
    • /
    • v.39 no.5
    • /
    • pp.655-662
    • /
    • 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.

A study on consideration factors affecting to purchase for animal welfare egg - Focused on ranked logit model - (동물복지형 계란 구입 시 고려사항에 대한 중요도 분석 - Ranked Logit Model을 중심으로 -)

  • Ohh, Sang-Jip;Jung, Yun-Pil;Hong, Seung-Jee;Choi, Myung-Rae;Kim, Yong-Bog;Lee, Jong-In
    • Korean Journal of Agricultural Science
    • /
    • v.39 no.1
    • /
    • pp.133-142
    • /
    • 2012
  • In this paper, animal welfare egg was focused in Korea. This study was built to establish marketing strategies for the animal welfare egg. Data were collected by consumer survey on November 4th, 2011 at Chuncheon Hanaromart in Chuncheon. 355 questionnaires were distributed and collected. SAS 9.1 and Excel 2007 were used as statistical packages and ranked logit model was used to analyze. From the results of the study the following improving plans were suggested for the consideration factors affecting to purchase for animal welfare egg. First, strategies using public relations are needed only for package design. The package design will be able to complements gaps for low advertisement. Moreover, when consumer will be provided information on packaging for consumers, the consumer will be able to reduce anxiety. Second, package design of identity strategies are needed. There are so many package designs in market. The package design of identity may give competition power to the animal welfare egg.

The Effect of EU-ETS Introduction on the Determinants of Electricity Net Export Connected Power Grid in Europe (유럽의 탄소배출권 거래시장 도입에 따른 연결계통국가들의 전력 순수출 결정요인 변화 분석)

  • Yoon, Kyungsoo;Park, Changsoo;Cho, Sungbong
    • Environmental and Resource Economics Review
    • /
    • v.28 no.3
    • /
    • pp.385-413
    • /
    • 2019
  • This study examines the determinants of net export of electricity among 30 European countries sharing electricity grid during the period of 1990~2014 by separating the sample period before and after 2005 in which ETS was introduced in Europe. The empirical method used in this study is generalize least squared one considering both heterogeneous and serial correlation in the balanced panel data. According to the empirical results, after 2005 introducing the ETS, holing energy resources, concentrating only on few electricity generation resources, and nuclear electricity generation had played more important role in net export of electricity, while renewable energy had negative effect on net export of electricity and coal and gas generation have no effect on net export after introduction of ETS in Europe probably because of high environmental cost. The policy implication of the results would be that reconsidering each country's optimal generation mix strategy and its role in case freely trading electricity.

The Local Effects of Coal-fired Power Plant Shutdown on PM2.5 Concentration: Evidence from a Policy Experiment in Korea (노후 석탄화력발전소 가동중단에 따른 발전소 주변지역의 초미세먼지 농도 감소효과 분석)

  • Yi, Donggyu;Sung, Jae-hoon
    • Environmental and Resource Economics Review
    • /
    • v.27 no.2
    • /
    • pp.315-337
    • /
    • 2018
  • Korean government temporarily shut down the coal-fired power plants built before 30 years and more from 6/1/2017 to 6/31/2017. This treatment provides a credible natural experiment regarding the regional $PM_{2.5}$ concentration and coal-fired generators. Based on this feature of the treatment, this study analyzed the causality between the old coal-fired power plants and regional $PM_{2.5}$ concentration. To be specific, we categorized two pollution monitoring stations nearby coal-fired power plants in Yeongdong into a treatment station and a control station based on the distance from the power plants. The control station is similar to the treatment station geographically and topographically, but its $PM_{2.5}$ concentration would not be directly affected by coal-fired power plants in Yeongdong. A difference-in-difference method was applied to identify the effects of the old coal-fire power plants on regional $PM_{2.5}$ concentration. The results show that the temporary shutdown would decrease $PM_{2.5}$ concentration nearby coal-fired power plants in Yeongdong by $3.7{\sim}4.4{\mu}g/m^3$.

Development of Protection Method for Power System interconnected with Distributed Generation using Distance Relay

  • Kim, Ji-Soo;Cho, Gyu-Jung;Song, Jin-Sol;Shin, Jae-Yun;Kim, Dong-Hyun;Kim, Chul-Hwan
    • Journal of Electrical Engineering and Technology
    • /
    • v.13 no.6
    • /
    • pp.2196-2202
    • /
    • 2018
  • The conventional power system allowed only downstream power flow. Therefore, even if a fault occurs, only the forward current flow is considered. However, with the interest in distributed generation (DG), DGs such as Photovoltaic (PV), Wind Turbine (WT) are being connected to a power system. DGs have many advantages, but they also have disadvantage such as generation of reverse flow. Reverse flow can severely disrupt existing protection systems that only consider downstream power flow. The major problems that may arise from reverse power flow are blinding protection and sympathetic tripping. In order to solve such problems, the methods of installing a directional relay or a fault current limiter is proposed. However, this method is inconceivable because of the economics shortage. Therefore, in this paper, a distance relay installed in existing power system is used to solve the protection problem. Modeling of distance relay has been carried out using ElectroMagnetic Transients Program (EMTP), and it has been verified through simulations that the above problems can be solved by a distance relay.

Induced Production Analysis for Photovoltaic Power Generation Equipment in Korea using Input-Output Table 2009 (산업연관표 2009를 이용한 태양광발전설비산업의 생산유발효과분석)

  • Kim, Yoon-Kyung
    • New & Renewable Energy
    • /
    • v.8 no.1
    • /
    • pp.8-17
    • /
    • 2012
  • The Korean government pushed ahead various policies to disseminate photovoltaic (PV), wind power, small hydro, bio-fuel, etc. Renewable energy system (RES) budget of the Korean government increased from 118 billion won of 2003 to 876.6 billion won of 2010. The R&D budgetary supports for RES increased by 6.8 times in the period 2003-2010. It is necessary to confirm RES budget expenditure that renewable energy promotion policy makes good performance evaluated in quantity level. This paper made Input-Output Table 2009 contains photovoltaic power generation equipment industry as a dependent sector and analyzed induced production effect by demand of photovoltaic power generation equipment industry. From the empirical analysis result, additional demand in photovoltaic power generation equipment induced 1.932 times of induced production in Korea. Each of industry sector has positive induced production from the additional demand in photovoltaic power generation equipment. Renewable energy promotion in photovoltaic power generation is considered together with industry policy as the option to sustain economic growth.

The Best Line Choice for Transmission System Expansion Planning on the Side of the Highest Reliability Level

  • Sungrok Kang;Trungtinh Tran;Park, Jaeseok;Junmin Cha;Park, Daeseok;Roy Billinton
    • KIEE International Transactions on Power Engineering
    • /
    • v.4A no.2
    • /
    • pp.84-90
    • /
    • 2004
  • This paper presents a new method for choosing the best line for transmission system expansion planning considering the highest reliability level of the transmission system. Conventional methodologies for transmission system expansion planning have been mainly focused on economics, which is the minimization of construction costs. However, quantitative evaluation of transmission system reliability is important because successful operation and planning of an electric power system under the deregulated electricity market depends on transmission system reliability management. Therefore, it is expected that the development of methodology for choosing the best lines considering the highest transmission system reliability level while taking into account uncertainties of transmission system equipment is useful for the future. The characteristics and effectiveness of the proposed methodology are illustrated by the case study using a MRBTS.

Design and Economics of HVAC System for Reduction of Power Consumption in Blow Mold Machine (플라스틱 연료탱크 생산 설비에서의 소비 전력 저감을 위한 공조 시스템 설계 및 경제성 평가)

  • Lee, Youngjae;Choi, Seukcheun
    • Journal of Power System Engineering
    • /
    • v.21 no.4
    • /
    • pp.84-93
    • /
    • 2017
  • This study was carried out to improve the electric power consumption of HVAC in the blow mold machine(BMM) and work environment. The experiment was conducted with the simulated HVAC system of 1/15 of the actual BMM. The temperature of main facility and two preheaters was fixed at 200 and $60^{\circ}C$ respectively in all test conditions. The measured points of temperature were chosen as critical locations considering the work environment. The tendency of temperature distributions decreases as the duct was closed to the main facility. The reduction rate of power consumption of HVAC increases up to 32.3% when both duct and cooling systems are operated. Also the efficiency of HVAC is improved about 9% through the modified design of duct system. It notes that the electric power consumption of HVAC can be reduced by the optimum design and operating condition of duct and cooling system.

A Study on the Adoption of Power Take Off Operation Mode and Fuel-Saving Effect in the Hybrid Electric Propulsion System for a Warship (전투함 하이브리드 전기추진 시스템의 PTO 운전모드 적용 및 연료절감 효과 연구)

  • Kim, So-Yeon
    • The Transactions of the Korean Institute of Power Electronics
    • /
    • v.24 no.1
    • /
    • pp.40-48
    • /
    • 2019
  • Hybrid electric propulsion systems (H-EPSs) are an intermediate step for integrated full electric propulsion warships. H-EPSs are a dynamic combination of mechanical and electrical propulsion systems to achieve the required mission performances. The system modes could adapt to meet the requirement of the various operation conditions of a warship. This paper presents a configuration and operating modes of H-EPSs considering the operation conditions of a destroyer class warship. The system has three propulsion modes, namely, motoring mode, generating mode [power take off (PTO) mode], and mechanical mode. The PTO mode requires a careful fuel efficiency analysis because the fuel consumption rate of propulsion engines may be low compared with the generator's engines depending on the loading power. Therefore, the calculation of fuel consumption according to the operating modes is performed in this study. Although the economics of the PTO mode depends on system cases, it has an advantage in that it ensures the reliability of electric power in case of blackout or minimum generator operation.

A Study of Economic Efficiency and Environmental Performance Due to the Conversion of the 7th and 8th Basic Plan for Long-term Power Supply and Demand (제7차 및 제8차 전력수급기본계획 전원 구성 전환에 따른 경제성 및 환경성 변화 분석 연구)

  • Cho, Sungjin;Yoon, Teayeon;Kim, Yoon Kyung
    • Environmental and Resource Economics Review
    • /
    • v.28 no.2
    • /
    • pp.201-229
    • /
    • 2019
  • This paper estimates the effects of generation mix changes in the $7^{th}$ and $8^{th}$ Basic Plan for Long-term Power Supply and Demand from two aspects: economic efficiency through electricity prices and environmental performance through $CO_2$ and air pollutants(NOx, SOx, PM) emissions. Particularly, we examined additional generation mix conversion paths that take into account the trade-off between economic efficiency and environmental performance through scenario analysis. According to our results, the conversion from the $7^{th}$ plan to the $8^{th}$ plan should increase the electricity prices in the mid- and long-term, while reducing GHG and air pollutants emissions at the same time. The alternative generation mix that combines $7^{th}$ and $8^{th}$ plans shows that there exists a path to mitigate the trade-off between economic and environmental in the long-term. It will be next to impossible to derive a optimal generation mix that simultaneously considers the core values, such as supply stability, environmental performance, economic efficiency, energy safety and energy security, when establishing the power supply and demand plan. However, by exploring the effects of various generation mix paths and suggesting near-optimal paths, people can best choose their direction after weighhing all the paths when deciding on a forward-looking generation mix in the long term.