• Bulletin of the Korea Photovoltaic Society
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• v.3 no.3
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• pp.56-61
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• 2017

With the appearance of the climate change concerns, energy transition to renewable energy is accelerating over the world. Korea, a latecomer to the renewable energy sector, has also been unable to avoid energy transition. The government is promoting strong goals for expansion of renewable energy. However, switching from stable and controllable conventional generation to intermittent and uncontrollable renewable generation will be a big challenge for the electric power industry. Korea Power Exchange(KPX), which is responsible for the planning and operation of the electric power industry in Korea, is trying to improve measures in various fields such as the implementation of real-time unit commitment and additional real-time markets in order to cope with the volatility and intermittency of renewable energy.

• Journal of the Korean Solar Energy Society
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• v.39 no.6
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• pp.137-151
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• 2019

This study estimated the available renewable market potential based on Levelized Cost Of Electricity and then assessed the renewable derived energy self-sufficiency for the unit of local government in South Korea. To calculate energy self-sufficiency, 1 km gridded market renewable generation and local government scale of final energy consumption data were used based on the market costs and statistics for the recent three years. The results showed that the estimated renewable market potentials were 689 TWh (Install capacity 829 GW, 128 Mtoe), which can cover 120% of power consumption. 55% of municipalities can fully replace the existing energy consumption with renewable energy generation and the surplus generation can compensate for the rest area through electricity trade. However, it was confirmed that, currently, 47% of the local governments do not fully consider all renewable energy sources such as wind, hydro and geothermal in establishing 100% renewable energy. The results of this study suggest that energy planning is decentralized, and this will greatly contribute to the establishment of power planning of local governments and close the information gap between the central government, the local governments, and the public.

• New & Renewable Energy
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• v.18 no.4
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• pp.38-53
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• 2022

T Recently, the government has been promoting the expansion and supply of renewable energy as an alternative for achieving carbon neutrality and the nationally determined contributions by 2030. In 2020, the Ministries of Industry and Environment and the Korea Forest Service collaborated to build a nationwide onshore wind energy siting atlas considering wind resources and forestry and environmental regulations focused on central regulations. In this study, the ordinances of the local governments were analyzed to examine the effects of regional location regulations on the expansion of onshore wind power energy generation facilities, in addition to those of central regulations. A development permit standard survey of 226 urban plan ordinances of the local governments nationwide showed that presently in 2022, 52 municipalities are applying regulations on wind energy generation facilities by ordinances. This is twice more than that in 2018, when renewable energy power generation facility development was difficult. Additionally, the location regulations applied by these ordinances were organized by items and regions, and regulatory characteristics, such as the number and scope, were analyzed by regions. To analyze the spatial distribution characteristics, JeollaNamdo was selected as the case area. A spatial DB was established for regulated areas based on the regional and central regulations, and the spatial distribution characteristics and the regulatory scope were compared and analyzed.

• Journal of the Korean Institute of Gas
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• v.23 no.1
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• pp.36-40
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• 2019

In this study, we compared the operational rates of natural gas, coal, nuclear power and renewable energy based on the data of power generation and power generation facilities produced in summer season(from June to August) during the last four years(2015~2018). Nuclear power and coal power, which are responsible for basic power generation, were guaranteed to be economical as the actual generation capacity remained 60% higher than the cost of power generation. On the other hand, natural gas generation and new renewable energy generation have a very low actual operation rate of 29.5% and 27.3% compared to investments in power generation facilities, making it difficult to lower the cost of power generation. However, coal generation has structural problems in terms of greenhouse gas, fine dust. On the other hand, natural gas generation is relatively low and even though it is safe, it is difficult to secure economic feasibility as it is bound by a peak power system. Therefore, it is only possible to achieve balanced development of energy sources when there is a change in the development policy.

• Journal of the Korean Solar Energy Society
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• v.39 no.6
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• pp.113-125
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• 2019

With the opening of the small power brokerage business market in December 2018, the small power trading market has started in Korea. Operators must submit the day-ahead estimates of power output and receive incentives based on its accuracy. Therefore, the accuracy of power generation forecasts is directly affects profits of the operators. The forecasting process for power generation can be divided into two procedure. The first is to forecast solar irradiation and the second is to transform forecasted solar irradiation into power generation. There are two methods for transformation. One is to simulate with physical model, and another is to use regression model. In this study, we found the best-fit regression model by analyzing hourly data of PV output and solar irradiation data during three years for 242 PV plants in Korea. The best model was not a linear model, but a sigmoidal model and specifically a Gompertz model. The combined linear regression and Gompertz curve was proposed because a the curve has non-zero y-intercept. As the result, R² and RMSE between observed data and the curve was significantly reduced.

• Journal of Environmental Science International
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• v.18 no.8
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• pp.867-876
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• 2009

Although renewable power is regarded a way to active response to climate change, the stability of whole power system could be a serious problem in the future due to its uncertainties such as indispatchableness and intermittency. From this perspective, the peak time impact of stochastic wind power generation is estimated using simulation method up to year 2030 based on the 3rd master plan for the promotion of new and renewable energy on peak time. Result shows that the highest probability of wind power impact on peak time power supply could be up to 4.41% in 2030. The impact of wind power generation on overall power mix is also analyzed up to 2030 using SCM model. The impact seems smaller than expectation, however, the estimated investment cost to make up such lack of power generation in terms of LNG power generation facilities is shown to be a significant burden to existing power companies.

• Plant Journal
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• v.17 no.3
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• pp.34-36
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• 2021

The interest in renewable energy-based distributed power generation systems is increasing due to the recognitions of the breakthrough of existing centralized power generation, energy conversion, and environmental problems. In this study, the optimal capacity was selected by simulating a distributed power generation system based on PV and WT using lead acid batteries as the energy storage system. CHP was adopted as the existing power source, and the optimal capacity of the system was derived through MOGA according to the operating modes(full load/part load) of the existing power source. In addition, it was confirmed that the battery life differs when the battery charging method is changed at the same battery capacity. Therefore, for economical and stable power supply and demand, the capacity selection of the distributed generation system considering the battery charging method should be performed.

• 한국태양에너지학회:학술대회논문집
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• 2008.04a
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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%.

• Journal of Energy Engineering
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• v.26 no.4
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• pp.107-117
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• 2017

Since South Korea started to apply Renewable Portfolio Standard (RPS) in 2012, there have been huge investment for deploying renewable technologies. Recently, the government determined to incentivize battery energy storage system(BESS) with renewable generations in order to induce the improvement of dispatching capability. In this paper, the annual pattern of PV generation based on actual generation data in South Korea is analyzed and the duration curve of capacity factor is proposed in order to provide the simplified analyzing methodology of present support policy for additional BESS installation for decision maker who is responsible for supply and demand planning. With suggested methodology, the range of appropriate BESS size with respect to the variation of system marginal price(SMP) and renewable energy certificate(REC) price can be derived briefly, and decision makers easily evaluate the effect of support scheme. Current policy for BESS installation support present additional BESS-related installation policy may give incentives to developers partially, however, the dependence between BESS size and benefit components (SMP and REC) can limit the deployment of the various portfolios of the BESS. Therefore, when improving the current policy in future, addressing the dependence between the technical aspects of battery size and the benefit components separately by the technical and economical parts is needed to set the suitable compensation rules for the renewable generation and BESS.

• Environmental and Resource Economics Review
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• v.27 no.2
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• pp.339-362
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• 2018

In this paper, we simulate the contribution of an increasing renewable energy to demands for fossil fuels and power supply price by estimating a cost function for the Korean electric power generation sector. Since the renewable energy is a composite input, it is not feasible to compute the price index for renewable energy due to data limit. We estimate a restricted cost function, which is derived by minimizing the costs of fossil fuels conditional on the quantity of renewable energy set to its optimal level, jointly with supply relation. In particular, derivation of the shadow price of renewable energy would make it possible to analyze potential costs incurred by power plants.