• Title/Summary/Keyword: electricity price

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Analyzing Changes in Spatial Extent of Influences from a Resource Recovery Facility in the Aspect of Housing Prices - A Case Study on the Nowon Facility in Seoul using Hedonic Price Model - (주택가격에 대한 자원회수시설 영향권 변화에 대한 연구 - 헤도닉 가격 모형을 이용한 노원자원회수시설에 대한 사례 -)

  • Kim, Hyunkyung;Park, Kyung Nan;Sohn, Chul
    • Journal of the Korean Association of Geographic Information Studies
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    • v.27 no.3
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    • pp.43-59
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    • 2024
  • This study focuses on identifying the impacts of the Nowon resource recovery facility in Seoul, Korea, on the real transaction price of apartments in the neighboring areas between 2006 and 2022, and the spatial extent of the impact. Resource recovery facilities, which generate electricity and heating energy while disposing of waste, are typical unwanted facilities that have a negative impact on neighboring property prices. As direct landfilling of household waste is banned in Seoul from 2026 and nationwide from 2030, the demand for the expansion of waste incineration facilities, including resource recovery facilities, is expected to increase rapidly. In addition, social disputes related to the decline in neighboring property prices are expected to increase. This study analyses the impact of the Nowon resource recovery facility on surrounding apartment prices over a 17-year period since 2006 using hedonic price models for apartments, and finds that the Nowon resource recovery facility consistently has a negative impact on nearby apartment prices, the spatial extent of the impact is at least 1,000 meters from the facility, and the intensity of the negative impact weakens as the distance from the facility increases. The results of this study differ from recent studies finding that the spatial extent of the impact of resource recovery facilities in Seoul on surrounding property prices is limited within 500~600 meters, suggesting that a broader approach is needed to systematically manage social conflicts that are expected to increase with the growing social demand for resource recovery facilities.

Economic Analysis of Rural Green-Village Planning with Solar Energy considering Climate Change (기후변화를 고려한 농촌지역 그린빌리지의 태양에너지 활용에 관한 경제성 분석)

  • Kim, Dae-Sik;Wang, Young-Doo
    • Journal of Korean Society of Rural Planning
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    • v.19 no.3
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    • pp.25-36
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    • 2013
  • This study aims to perform the economic analysis to the use of solar power facilities in rural villages considering the climate change scenario. IPCC climate change scenarios in the recently adopted the RCP scenarios (RCP8.5, RCP6.5, RCP4.5, RCP2.6) was used. By RCP scenarios, solar radiation, depending on the scenario in 2100, respectively, 3.6%, 2.5%, 1.9%, 1.1% was assumed to increase. From the economic analysis(payback period is 25 year) on 8 points of each province, in all cases of normal data and four RCP scenarios, at all points analyzed were NPV indicate a negative, BC ratio less than 1.0, respectively. In the case of Mokpo, Chunnam RCP8.5, BC ratio were found to be up to a 0.92, followed by 0.89 in the case of RCP8.5 in Jinju, Kyungnam shows, while the minimum was in Jeju. BC ratio is 1.0 or bigger, in order for the normal solar radiation data in Mokpo, Chonnam was the minimum that it takes 37 years. Similarly, in the case of RCP scenarios, 30 years in Mokpo, Chonnam RCP8.5 and 31 years in the cases of Jinju, Kyungnam and Jeonju, Cheonbuk RCP8.5 were analyzed. It was analyzed that RCP8.5 has the highest value. BC analysis models for each of the factors, the results of the sensitivity analysis, the initial installation costs, electricity sales price, discount rate in the order of economy showed higher sensitivity, and the rest factors showed lower changes. Although there are some differences of solar radiation by region, but in Korea most facilities in rural areas, the use of solar power was considered to be economical enough, considering change of several factors with high sensitivity, such as increasing of government subsidies for the solar power installation of the facility, rising oil prices due to a rise in electricity sales price, and a change in discount rate. In particular, when considering climate change scenarios, the use of solar energy for rural areas of the judgment that there was more economical.

Trigeneration Based on Solid Oxide Fuel Cells Driven by Macroalgal Biogas (거대조류 바이오가스를 연료로 하는 고체산화물 연료전지를 이용한 삼중발전)

  • Effendi, Ivannie;Liu, J. Jay
    • Clean Technology
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    • v.26 no.2
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    • pp.96-101
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    • 2020
  • In this paper, the commercial feasibility of trigeneration, producing heat, power, and hydrogen (CHHP) and using biogas derived from macroalgae (i.e., seaweed biomass feedstock), are investigated. For this purpose, a commercial scale trigeneration process, consisting of three MW solid oxide fuel cells (SOFCs), gas turbine, and organic Rankine cycle, is designed conceptually and simulated using Aspen plus, a commercial process simulator. To produce hydrogen, a solid oxide fuel cell system is re-designed by the removal of after-burner and the addition of a water-gas shift reactor. The cost of each unit operation equipment in the process is estimated through the calculated heat and mass balances from simulation, with the techno-economic analysis following through. The designed CHHP process produces 2.3 MW of net power and 50 kg hr-1 of hydrogen with an efficiency of 37% using 2 ton hr-1 of biogas from 3.47 ton hr-1 (dry basis) of brown algae as feedstock. Based on these results, a realistic scenario is evaluated economically and the breakeven electricity selling price (BESP) is calculated. The calculated BESP is ¢10.45 kWh-1, which is comparable to or better than the conventional power generation. This means that the CHHP process based on SOFC can be a viable alternative when the technical targets on SOFC are reached.

Development of 2W-Level Wireless Powered Energy Harvesting Receiver using 60Hz power line in Electricity Cable Tunnel (전력구 내 지중선을 이용한 2W급 상용주파수 무선전력 수신장치 개발)

  • Jang, Gi-Chan;Choi, Bo-Hwan;Rim, Chun-Taek
    • The Transactions of the Korean Institute of Power Electronics
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    • v.21 no.4
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    • pp.296-301
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    • 2016
  • Using high magnetic flux from a 60 Hz high-current cable, a 2 W wireless-powered energy harvesting receiver for sensor operation, internet of things (IoT) devices, and LED lights inside electrical cable tunnels is proposed. The proposed receiver comprises a copper coil with a high number of turns, a ring-shaped ferromagnetic core, a capacitor for compensating for the impedance of the coil in series, and a rectifier with various types of loads, such as sensors, IoT devices, and LEDs. To achieve safe and easy installation around the power cable, the proposed ring-shaped receiver is designed to easily open or close using a clothespin-shaped handle, which is made of highly-insulated plastic. Laminated silicon steel plates are assembled and used as the core because of their mechanical robustness and high saturation flux density characteristic, in which the thickness of each isolated plate is 0.3 mm. The series-connected resonant capacitor, which is appropriate for low-voltage applications, is used together with the proposed receiver coil. The concept of the figure of merit, which is the product weight and cost of both the silicon steel plate and the copper wire, is used for an optimized design; therefore, the weight of the fabricated receiver and the price of raw material is 750 gf and USD $2 each, respectively. The 2.2 W powering capability of the fabricated receiver was experimentally verified with a power cable current of $100A_{rms}$ at 60Hz.

Review and Suggestion of Korean RPS Scheme (한국의 RPS제도 이행 점검과 개선 방향)

  • Lee, Seongho
    • Current Photovoltaic Research
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    • v.2 no.4
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    • pp.182-188
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    • 2014
  • For the dissemination of new and renewable energy, Korean government introduced a renewable portfolio standard (RPS) scheme in 2012 after terminating feed-in tariff (FIT) scheme that was introduced in 2004. With the RPS scheme, 64.7% of its own goal (95.7% in PV and 63.3% in non-PV) was achieved in 2012 and 67.2% of that (94.9% in PV, 65% in non-PV) was achieved in 2013. The deployment of PV systems met the goal very well and that of non-PV did not. Recently, Korean government revised the target year of supplying 10% electricity from new and renewable energy from 2022 to 2024 and released a couple of measures on PV area. Recent studies showed that the bankability of a project plays a key role for PV dissemination. Therefore, the dissemination should be assessed from the point of bankability under the RPS scheme and a little adjustment is necessary to achieve the goal. Especially, installing a small size PV (<100 kwp) system needs a minimum REC price or a FIT scheme. In non-PV area, permission process is a common bottleneck and the related regulation should be eased. In addition, to achieve the long term goal, an implementing scenario has to be prepared. Currently, the portion of the waste-gas energy originated from fossil fuel is too large among the new and renewable energy sources and the portion should be lowered or eliminated in the 10% of electricity supply goal. Seoul Metropolitan Government (SMG) has its own FIT scheme for PV dissemination from 2014 SMG and revised the PV tariff from 50 to 100 won/kwh in effective of 2015. It is worth to spread the other provinces.

Evaluation of actual Energy consumption & Simulation of Gas Engine VRF System and Comparison with Electric VRF System (가스 엔진 VRF시스템의 에너지 실사용량 & 시뮬레이션 평가와 전기 구동 VRF 시스템과의 성능비교에 관한 연구)

  • Choi, Sul-Geon;Jeon, Jong-Ug;Kim, Kang-Soo
    • KIEAE Journal
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    • v.17 no.4
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    • pp.67-74
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    • 2017
  • Purpose: As the recent climate environment changes so rapidly, environmental problems such as hot weather and fine dust have occurred, and interest in environmental policies and technology development is increasing in countries around the world. Similarly in the Architecture, researches to reduce greenhouse gas emissions and to reduce energy application are actively conducted. Looking at previous studies, it is analyzed that the electric VRF is more energy efficient than the gas engine VRF. However, energy costs have changed due to recent price hikes and discounts on gas charges due to high electricity consumption in summer. Method: In this study, the actual building of Gas Engine VRF system was modeled using SketchUp program, and EnergyPlus was used to simulate actual building. Also, Electric VRF system was simulated, and compared with Gas Engine VRF system. Result: The total secondary energy requirement of Electric VRF system was 19.6% less than that of the Gas Engine VRF system, But when analyzing with primary energy requirement, EHP used 15.8% more energy. CO2 emissions were also estimated to be 16.9% more EHP. Energy costs were 14.8% more in Electric VRF systems, because their electricity charges are 0.6 to 160% more expensive than gas charges.

A Maximum Power Demand Prediction Method by Average Filter Combination (평균필터 조합을 통한 최대수요전력 예측기법)

  • Yu, Chan-Jik;Kim, Jae-Sung;Roh, Kyung-Woo;Cho, Wan-Sup
    • The Journal of Bigdata
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    • v.5 no.1
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    • pp.227-239
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    • 2020
  • This paper introduces a method for predicting the maximum power demand despite communication errors in industrial sites. Due to the recent policy of de-nuclearization in Korea, the price of electricity is inevitable, and the amount of electricity used and maximum load management for the management of power demand are becoming important issues. Accordingly, it is important to predict and manage peak power. However, problems such as loss and modulation of measured power data occur at industrial sites due to noise generated by various facilities and sensors. It is difficult to predict the exact value when measured effective power data are lost. The study presents a model for predicting and correcting anomalies and missing values when measured effective power data are lost. The models used in this study are expected to be useful in predicting peak power demand in the event of communication errors at industrial sites.

A Study on the Change and Improvement of Smart Grid Policy after the Great East Japan Earthquake (동일본대지진 이후 일본 스마트그리드 정책의 변천과 개선방안 연구)

  • Lee, Jum-Soon
    • Journal of Digital Convergence
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    • v.15 no.7
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    • pp.41-53
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    • 2017
  • This study focuses on the current state of Smart Grid policy in Japan and its problems while the interest in Smart Grid has been increasing since the March 2011 earthquake in East Japan. As a result of the analysis, Japan introduced the fixed price buying system of new and renewable energy in response to the power supply and demand problem caused by the 2011 earthquake in East Japan, and established a decentralized green electricity trading market in which electricity generated from new and renewable energy is traded Smart Grid-related projects were implemented as a solution to solve energy crisis and environmental problems at the same time. As a result, we achieved visible results such as suppressing peak power, reducing CO2 emissions, and securing stable supply and demand of energy using renewable energy sources. On the other hand, the improvement of current Smart Grid policy operation in Japan and the introduction of stabilization system of power system, promotion of international standards of domestic technology related to smart grid, and support for strengthening security of smart grid.

Turbo Expander Power Generation Using Pressure Drop at Valve Station in Natural Gas Transportation Pipeline (천연가스 정압기지의 압력강하를 이용한 터보팽창기 전력생산)

  • Ha, Jong-Man;Hong, Seong-Ho;You, Hyun-Seok;Kim, Kyung-Chun
    • Journal of the Korean Institute of Gas
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    • v.16 no.3
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    • pp.1-7
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    • 2012
  • Natural gas through pipeline is supplied to consumers after its pressure gets down compulsorily. The waste pressure energy of this process can be restored by use of turbo expander which can produce electricity. So, turbo expander conducts two functions - pressure reduction and power generation. The power amount is the enthalpy difference between the inlet and outlet states. The five main factors which affect economic profit are facility price, produced power amount, pre-heating amount, electricity cost, and fuel gas cost. Power generation depends mainly on flow amount because inlet and outlet states are fixed. A methodology to estimate economy in irregular flow pattern is proposed and using this way, a case study was carried out.

Multi-agent System based GENCO model for an effective market simulation (전력시장 시뮬레이션을 위한 MAS 기반 GENCO 모델링)

  • Kang, Dong-Joo;Kim, Hak-Man;Chung, Koo-Hyung;Han, Seok-Man;H.Kim, Bal-Ho;Hur, Don
    • Proceedings of the KIEE Conference
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    • 2007.07a
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    • pp.127-129
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    • 2007
  • Since the competitive market environment was introduced into the electric power industry, the structure of the industry has been changing from vertically integrated system to functionally unbundled and decentralized system composed of multiple (decision-making) market participants. So the market participants such as Gencos or LSE (load serving entity) need to forecast the market clearing price and thus build their offer or bidding strategies. Not just these market players but also a market operator is required to perform market analysis and ensure simulation capability to manage and monitor the competitive electricity market. For fulfilling the demand for market simulation, many global venders like GE, Henwood, Drayton Analytics, CRA, etc. have developed and provided electricity market simulators. Most of these simulators are based on the optimization formulation which has been used mainly for the least cost resource planning in the centralized power system planning and operation. From this standpoint, it seems somehow inevitable to face many challenges on modeling competitive market based on the method of traditional market simulators. In this paper, we propose a kind of new method, which is MAS based market simulation. The agent based model has already been introduced in EMCAS, one of commercial market simulators, but there may be various ways of modeling agent. This paper, in particular, seeks to introduce an model for MAS based market simulator.

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