• New & Renewable Energy
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• v.6 no.2
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• pp.12-18
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• 2010

This paper reviews commercial wind mapping services provided by the oversea consulting companies, AL-PRO and anemos in Germany, AWS Truepower and 3TIER in USA. They provide quick-to-use but essential dataset for a preliminary assessment before commencing an actual feasibility study for wind farm development. Details of wind mapping method, mapresolution, data extraction height, price and so forth are compared and fresh service contents such as site analysis report are drawn from the comparison. Despite its public service, the objective value of the Renewable Energy Resource Map System of Korea Instistute of Energy Research is also confirmed and it is anticipated that the drawn new content idea will be ported to the system to enrich its applicability.

• International Journal of Computer Science & Network Security
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• v.22 no.5
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• pp.1-4
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• 2022

The growth in global population and industrialization has led to an increasing demand for electricity. Accordingly, the electricity providers need to increase the electricity generation. Due to the economical and environmental concerns associated with the generation of electricity from fossil fuels. Alternative power recourses that can potentially mitigate the economical and environmental are of interest. Renewable energy resources are promising recourses that can participate in producing power. Among renewable power resources, solar energy is an abundant resource and is currently a field of research interest. Photovoltaic solar power is a promising renewable energy resource. The power output of PV systems is mainly affected by the solar irradiation and ambient temperature. this paper investigates the utilization of machine learning unsupervised neural network techniques that potentially improves the reliability of PV solar power systems during integration into the electrical grid.

• New & Renewable Energy
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• v.7 no.2
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• pp.51-58
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• 2011

Saemankeum is well known for its high speed wind, and it is known that the blueprint of a future city around Saemankeum, including new industrial complex, has been planned. As a result, large-scale offshore wind farm, on the basis of the measurement of wind resource for a long time, can be considered, so that generated electricity can be used to meet the energy demand near the wind farm. Wind speed in Kokunsando of Saemankeum is measured and analyzed with its statistical distribution and wind directions. The probability of wind power resource over Kokunsando of Saemangeum is reviewed with the measured data in one island of Kokunsando. According to measured data, the shape and scale factor of Weibull distribution of wind speed are obtained, and then power density is analyzed as well. Through this study, it is clear that the Saemangeum area has a fluent and abundant wind power source to develop the wind farm in Korea.

• 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.

• Environmental and Resource Economics Review
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• v.19 no.1
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• pp.159-198
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• 2010

The Korean government is planning to introduce the Renewable Portfolio Standard (RPS) system to replace the currently used Feed-in-Tariff (FIT) system which is a subsidy-based mechanism to foster the renewable energy industry. The RPS system is a market-oriented system in which the power companies are obliged to use renewable energy sources to produce electricity by a certain ratio of their production level. They can either produce for themselves or simply purchase the REC (renewable energy certificate) in the market to implement. The objective of this article is to compare the RPS system with the current FIT system in terms of the implementing cost to achieve the policy goal to expand the share of renewable energy m the total power generation. The analysis is conducted using Linear Programming models. The results of this study imply several policy suggestions to successfully introduce the RPS system.

• Environmental and Resource Economics Review
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• v.18 no.2
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• pp.173-190
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• 2009

Although renewable energy sources are more environmentally friendly than fossil energy sources, they are far more costly and hard to survive in the electricity market. For a competitive renewable electricity, the government should take 'visible' actions to compensate higher production costs. Popular policies, such as Feed-In-Tariff and Renewable Portfolio Standards, are financed by an undifferentiated increase of electricity bills (a collective financing mechanism) but are occasionally confronted with the opposition of the electricity consumers. This paper discusses the consumers' willingness to pay for renewable energy in order to back up the voluntary financing mechanism, the Green Pricing. The Tobit analysis of a consumer survey shows that the consumer's WTP is positively influenced by his environmentally friendly activities under both financing mechanisms. The knowledge on renewable energy is statistically significant only under collective financing mechanism.

• Environmental and Resource Economics Review
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• v.14 no.3
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• pp.729-751
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• 2005

RPS(Renewable Portfolio Standards) is an institutional device to promote use of renewable energy through market mechanism by making renewable energy to constitute a pre-announced portion of the electricity production. We measure economic impacts of the introduction of RPS to domestic electricity market at the levels of electricity market, individual industrial sectors and the economy as a whole. First, we examine the TREC(Tradable Renewable Energy Credits) market, where the credits in excess of the obligation of the renewable energy production are sold to those who have to meet the obligation through purchased credits. We then measure end-users' additional cost originating from the introduction of RPS and TREC in electricity production, and their impacts on price and supply in the retail electricity market. Next, using input-output analysis, we measure economic impacts of the changes in retail price and supply on individual industrial sectors and the economy as a whole. Among many others, we find small price effect and large GDP effect - sectoral electricity price rises at around 5%, sectoral price level rises by 0.258%, and sectoral GDP declines by 1.940% on average by the year 2011.

• Environmental and Resource Economics Review
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• v.20 no.4
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• pp.797-826
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• 2011

This study analyzed whether a spatial difference exists in the willingness to pay(WTP) for renewable electricity, by applying the contingent valuation method(CVM). Considering renewable portfolio standards(RPS) as the hypothetical market, we asked WTP in the form of the monthly electricity bills for using renewable electricity; the respondents were people living in Seoul, Ulsan, JeollaNamdo, and Gangwondo. Our empirical results showed that the mean WTP of Gangwondo was the highest, and that of JeollaNamdo, the lowest. The hypothesis that the WTP of the entire sample would not differ from that of the individual regions was rejected. Hence, a spatial difference probably exists in the WTP for electricity from renewable energy. Further, we attributed the spatial differences in WTP to the experience of those staying near the renewable energy facility and the acceptability of the facility.

• Environmental and Resource Economics Review
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• v.31 no.1
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• pp.51-83
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• 2022

Renewable Portfolio Standards (RPS), one of the most commonly adopted regulation for renewable energy expansion since 2012, has the obvious advantage of inducing competition in power generation source and alleviating the government's financial burden. However, the abuse of credit multipliers and the use of national Renewable Energy Credits (RECs) have resulted in the distortion of RPS as a quantitative control policy. Just as no face value 10 years ago can hold its real value, this paper highlights for the first time that 27.8% of total renewable obligations over the total RPS period were not actually met due to REC inflation and the consequent decline in the value of renewable energy generation. In addition, the distortion of face/real value of REC causes problems in interoperability with other government policies such as RE100 and Emission Trading System.

• New & Renewable Energy
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• v.1 no.2 s.2
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• pp.19-25
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• 2005

This study explains ther procedure that should be taken to develp a successful wind park project. It provides a guideline for the activities and studies to be done as a step by step solution. This study follows a chronological flow throughout the whole development Process. This Paper covers technical consideration, assessment of wind energy resource, wind Park siting and energy yield calculation This presented knowledge h3s been mostly gained by the experience from Youngduk wind park project. The further comparison study will be performed between the theoretical prediction and the actual yield of the Youngduk wind park.