• Title/Summary/Keyword: electricity price

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Stability Analysis of Compressed Air Storage Caverns in Rockmass (전력생산을 위한 암반내 압축공기저장공동의 안정성분석)

  • 신희순;신중호;최성웅;한일영;김정엽
    • Proceedings of the Korean Geotechical Society Conference
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    • 2002.10a
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    • pp.287-294
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    • 2002
  • CAES which is called as a compressed air energy storage was firstly developed at Huntorf, German in 1978. The capacity of that system was 290MW, and it can be treated as a first commercial power plant. CAES has a lot of merits, such as saving the unit price of power generation, averaging the peak demand, improvement of maintenance, enlarging the benefit of dynamic use. According to the literature survey, the unlined rock cavern should be proposed to be a reasonable storing style as a method of compressed air storage in Korea. We decided the hill of the Korea Institute of Geoscience and Mineral Resources as CAES site. If we construct the underground spaces in this site, the demand for electricity nearby Taejon should be considered. So we could determine the capacity of the power plant as a 350MW, This capacity needs a underground space of 200,000㎥, and we can conclude 4 parallel tunnels 550m deep from the surface through the numerical studies, Design parameters were achieved from 300m depth boring job and image processing job.

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Precontract Pricing considering Stochastic Demand (수요의 불확실성을 고려한 예약 요금제)

  • Jeong, Hae-Seong;Kim, Seong-Su;Park, Jong-Keun;Choi, Joon-Young;Hong, Jun-Hee;Rim, Seong-Hwang
    • Proceedings of the KIEE Conference
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    • 1995.07b
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    • pp.540-542
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    • 1995
  • When precontract pricing is applied, consumers must reserve expecting the amount of electricity to use. But Consumers expecting demand has stochastic property, expecting demand may be different from real demand. To prepare for this problem, spinning reserve is needed. Now I suggest new pricing system that someone has large variance and large elacity pays high price by the accumulated penalty factor. And I suggest the accumulated penalty factor for maximizing social welfare.

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A Novel Network Reduction Method based on Similarity Index between Bus Pairs (모선 간 유사지수에 근거한 새로운 계통축약 기법)

  • Chun, Yeong-Han;Lee, Dong-Su
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.55 no.4
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    • pp.156-162
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    • 2006
  • Transmission zones can be defined based on LMPs. Each zone consists of nodes with similar LMPs, and zonal price is determined by average nodal prices in each zone.[1] Network reduction is still important for the analysis of zonal systems under electricity market environments, even though the computing capability of computer system can deal with entire power systems. The Similarity Index is a good performance measure for the network reduction.[2] It can be applied to the network reduction between zones categorized by the nodal prices. This paper deals with a novel network reduction method between zones based on the similarity Index. Line admittances of reduced network were determined by using the least square method. The proposed method was verified by IEEE 39 bus test system.

The Remote Control System Design of Small Hydropower Plants (소수력 발전소의 무인화 구축 설계)

  • Lee Gyeong-Bae;Kim Young-Tae;Paik Doo-Hyun;Lee Eun-Woong
    • Proceedings of the KIEE Conference
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    • summer
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    • pp.950-952
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    • 2004
  • The developments of small hydropower plants in korea have been delayed by rising construction cost/low feasibility, local people's disagreement even though the capacity of water resources are enough. However, the recent raising of electricity purchasing price, the government's enlarging plan of small hydropower plants caused the newly development to be accelerated. In this paper, the design of remote control of small hydropower plants are proposed for better economy and easy control. The operation and monitoring of power plants are planned based on One(1)-man control from the central control room of regional area water works/ operating station and engineering station multipurpose dam offices with the equipments of OS, RTU(PLC), KT leased lines, WMPS, CSU and etc.

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A SMP Forecasting Method Based on Artificial Neural Network Using Time and Day Information (시간축 및 요일축 정보의 조합을 이용한 신경회로망 기반의 평일 계통한계가격 예측)

  • Lee, Jeong-Kyu;Kim, Min-Soo;Park, Jong-Bae;Shin, Joong-Rin
    • Proceedings of the KIEE Conference
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    • 2003.11a
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    • pp.438-440
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    • 2003
  • This paper resents an application of an Artificial Neural Network(ANN) technique to forecast the short-term system marginal price(SMP). The forecasting of SMP is a very important factor in an electricity market for the optimal biddings of market participants as well as for the market stabilization of regulatory bodies. The proposed neural network scheme is composed of three layers. In this process, input data are set up to reflect market conditions. And the $\lambda$ that is the coefficient of activation function is modified in order to give a proper signal to each neuron and improve the adaptability for a neural network. The reposed techniques are trained validated and tested with the historical real-world data from korea Power Exchange(KPX).

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Demand Response of Large-Scale General and Industrial Customer using In-House Pricing Model (사내요금제를 활용한 대규모 수용가 수요반응에 관한 연구)

  • Kim, Min-Jeong
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.65 no.7
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    • pp.1128-1134
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    • 2016
  • Demand response provides customer load reductions based on high market prices or system reliability conditions. One type of demand response, price-based program, induces customers to respond to changes in product rates. However, there are large-scale general and industrial customers that have difficulty changing their energy consumption patterns, even with rate changes, due to their electricity demands being commercial and industrial. This study proposes an in-house pricing model for large-scale general and industrial customers, particularly those with multiple business facilities, for self-regulating demand-side management and cost reduction. The in-house pricing model charges higher rates to customers with lower load factors by employing peak to off-peak ratios in order to reduce maximum demand at each facility. The proposed scheme has been applied to real world and its benefits are demonstrated through an example.

A study on the capacity payment in cost based pool (비용기반 전력시장에서의 용량요금 산정방안에 관한 연구)

  • Han, Seok-Man;Lee, Cheon-Ho;Shin, Hye-Kyung;Chung, Koo-Hyung;Kang, Dong-Joo;H.Kim, Bal-Ho
    • Proceedings of the KIEE Conference
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    • 2007.07a
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    • pp.111-112
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    • 2007
  • This paper presents the capacity payment in electricity power markets. The capacity payment (CP) needs to recover fixed costs. But most CP is allocated by energy policy. So, this paper analysis CP using capacity proportion and Reliability Pricing Model (RPM). The capacity proportion method uses base capacity price and supply available capacity. The RPM method uses value of each region and operation attribute of each generator.

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Current practices and economic performances of organic kiwifruit production in comparison with conventional one in Korea

  • Cho, Y.;Cho, H.;Park, M.;Ma, K.
    • Korean Journal of Organic Agriculture
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    • v.19 no.spc
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    • pp.199-202
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    • 2011
  • Organic production practices varied among producers. Generally, organic producers were relying on imported input materials such as organic compost and liquid fertilizer even more than conventional producers. Very few organic farmers had composting facilities or sites for the own supply of compost in need. The productivity of organic kiwifruit orchard (92%) was not as low as that of conventional while the net income (243%) was more than double that of conventional. This was mainly attributed to high farm gate price of organic fruits, low paid labour use and electricity. As a consequence, organic kiwifruit production seems to become a feasible option in Korea. However, high dependence on imported farming material, fuel and labour for too frequent liquid fertilizer spray should be addressed to achieve long term sustainability of organic kiwifruit production.

The Role of Nuclear Power in Korea under Carbon Emissions Regulation

  • Lee, Man-Ki;Kim, Seung-Su;Moon, Kee-Hwan
    • Proceedings of the Korean Nuclear Society Conference
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    • 1997.05b
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    • pp.651-656
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    • 1997
  • Efforts are made to examine the role nuclear energy under the international carbon emissions regulation. To do so, an econometric model for energy demand and supply is developed. Here, several scenarios on the regulation are assumed and then each scenario is analyzed by using this model. This model also makes it Possible to analyze the effect of carbon tax. The results show that share nuclear increases up to 60% in 2020 Instead 45% makes GDP rise by 1.9% while the electricity price lower by 46% in carbon emission regulation.

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Optimal Siting of UPFC for Reducing Congestion Cost by using Shadow Prices

  • Lee, Kwang-Ho;Moon, Jun-Mo
    • KIEE International Transactions on Power Engineering
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    • v.11A no.4
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    • pp.21-26
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    • 2001
  • As competition is introduced in the electricity supply industry, congestion becomes a more important issue. Congestion in a transmission network occurs due to an operating condition that causes limit violations on the transmission capacities. Congestion leads to inefficient use of the system, or causes additional costs (Congestion cost). One way to reduce this inefficiency or congestion cost is to control the transmission flow through the installation of UPFC (Unified Power Flow Controller). This paper also deals with an optimal siting of the UPFC for reducing congestion cost by using shadow prices. A performance index for an optimal siting is defined as a combination of line flow sensitivities and shadow prices. The proposed algorithm is applied to the sample system with a condition, which is concerning the quadratic cost functions. Test results show that the siting of the UPFC is optimal to minimize the congestion cost by the proposed algorithm.

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