• Journal of Hydrogen and New Energy
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• v.31 no.4
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• pp.380-386
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• 2020

This paper represents an analysis of the economic impact of firing natural gas/diesel and natural gas/by-product oil mixtures in diesel engine power plants. The objects of analysis is a power plant with electricity generation capacity (300 kW). Using performance data of original diesel engines, the fuel consumption characteristics of the duel fuel engines were simulated. Then, economic assessment was carried out using the performance data and the net present value method. A special focus was given to the evaluation of fuel cost saving when firing natural gas/diesel and natural gas/by-product oil mixtures instead of the pure diesel firing case. Analyses were performed by assuming fuel price changes in the market as well as by using current prices. The analysis results showed that co-firing of natural gas/diesel and natural gas/by-product oil would provide considerable fuel cost saving, leading to meaningful economic benefits.

• New & Renewable Energy
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• v.10 no.3
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• pp.22-30
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• 2014

The isolated self-generating electricity with diesel engine generator has been used in islands far away from main land. It costs high because of increasing oil price, and unsafe to have supplying oil and its related components by ship due to unexpectable marine conditions. Therefore there is the need for the hybrid system of renewable energy like wind or solar energy systems with oil engine generator, which can reduce oil use and extend oil supplying period. In this study, the feasibility of such hybrid system with smart micro grid on the eight islands of Jeon-nam province is surveyed to find good place for the demonstration test of the hybrid system. In each island, 3 wind turbine systems of 10 kW and photovoltaic of 20 kW are tested with already installed diesel engine. The performance and costs of the hybrid system in each island are compared in the given conditions of solar and wind energy potential. As a result of the study, Jung-ma island is recommended for the optimum place to make real field demonstration test of isolated hybrid generating and smart grid systems.

• Environmental and Resource Economics Review
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• v.16 no.4
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• pp.763-779
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• 2007

The combined heat-and-power (CHP) plant is recently suggested as an effective resolution in response to recent rising oil prices and the Kyoto Protocol. This research provides a model for economic appraisal to evaluate CHP investment. Real option model is developed to incorporate a case where the investment is irreversible and underlying revenue is stochastic. The analysis shows that power plant capacity more than 40 Gcal makes CHP investment profitable while the results may vary 10 modest level with respect to investment cost, heat sales price and discount rate.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.26 no.9
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• pp.33-39
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• 2012

For photovoltaic power generation need certainly decreasing module's price and increasing promote efficiency technology. Almost of solar panel is on the decrease energy efficiency since 2,000. like silicone(Si) solar panel, thin film solar panel and etc. Silicone(Si) solar panel was best efficiency in 1999. It's 24%. But after that time, It didn't pass limit of energy efficiency. That's why, nowadays being issued that using III-V compound semiconductor to high efficiency of concentrating photovoltaic system for making an alternative proposal. In Korea, making researches in allied technology with III-V compound semiconductor solar panel, condenser technology, and solar tracker. but feasibility study for concentrating photovoltaic power generation hasn't progressed yet. This thesis made a plan about CPV(Concentrating Photovoltaic)system and CPV has a higher energy efficiency than PV(Photovoltaic)system in fine climate conditions from comparing CPV with using silicone(Si) solar panel to PV's efficiency test result.

• Journal of Navigation and Port Research
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• v.39 no.2
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• pp.99-105
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• 2015

Until recently, thermal power plants have used high-rank coals to generate electricity. The switched to low-rank coals, primarily because of the rising coal price and the advancement of combustion technology. Therefore the thermal power plants need more fuels aspect of quantity and they are going to build extra infrastructure to deal with the increased fuel demand in their specialized ports. This paper introduces the process of the economic analysis as a case study for Hadong T/P(Thermal Power) Port. This study also evaluates investment for mew projects in ports. We analyze the costs and benefits of the port investment project using various information. And then we conduct the economic analysis using NPV(net present value), B/C ratio and IRR grounded in a financial theory. Out result of the economic feasibility shows that the new project of constructing a third berth in Hadong T/P Port has positive economic value. Additionally, this study conducts the sensitivity analysis of the major variables like cost, benefit and discount rate.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.65 no.1
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• pp.16-22
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• 2016

This paper addresses the load usage scheduling in the HEMS for residential power consumers. The HEMS would lead the residential users to change their power usage, so as to minimize the cost in response to external information such as a time-varying electricity price, the outside temperature. However, there may be a consumer's inconvenience in the change of the power usage. In order to improve this, it is required to understand the pattern of load usage according to the external information. Therefore, this paper suggests a methodology to model the load usage pattern, which classifies home appliances according to external information affecting the load usage and models the usage pattern for each appliance based on a copula function representing the correlation between variables. The modeled pattern would be reflected as a constraint condition for an optimal load usage scheduling problem in HEMS. To explain an application of the methodology, a case study is performed on an electrical water heater (EWH) and an optimal load usage scheduling for EHW is performed based on the branch-and-bound method. From the case study, it is shown that the load usage pattern can contribute to an efficient power consumption.

• Journal of the Korean Solar Energy Society
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• v.36 no.5
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• pp.91-100
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• 2016

This paper proposes the PV module fault diagnosis sensor which is applied to Zigbee wireless network, and monitoring system using the developed sensor. It is designed with embedded sensor in junction box. The diagnosis elements for algorithm were voltage and temperature. For that reason, It is able to reduce the price and separate the fault of bypass diode from shading differently from other monitoring systems. This fault diagnosis algorithm verified through the Field-installed operations of PV module.

• Transactions on Electrical and Electronic Materials
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• v.18 no.6
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• pp.350-358
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• 2017

Recently, owing to increased interest in low-carbon energy supplies, renewable energy sources such as photovoltaics and wind turbines in distribution networks have received considerable attention for generating clean and unlimited energy. The presence of energy storage systems (ESSs) in the promising field of active distribution networks (ADNs) would have direct impact on power system problems such as encountered in probabilistic distributed generation (DG) model studies. Hence, the optimal procedure is offered herein, in which the simultaneous placement of an ESS, photovoltaic-based DG, and wind turbine-based DG in an ADN is taken into account. The main goal of this paper is to maximize the net present value of the loss reduction benefit by considering the price of electricity for each load state. The proposed framework consists of a scenario tree method for covering the existing uncertainties in the distribution network's load demand as well as DG. The collected results verify the considerable effect of concurrent installation of probabilistic DG models and an ESS in defining the optimum site of DG and the ESS and they demonstrate that the optimum operation of an ESS in the ADN is consequently related to the highest value of the loss reduction benefit in long-term planning as well. The results obtained are encouraging.

• Proceedings of the KIEE Conference
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• 2002.11b
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• pp.365-368
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• 2002

최근 몇 년간 전 세계적으로 전력 및 에너지 시장의 성장률은 매우 급격한 상승세를 기록하고 있어 가까운 장래에 전력 및 에너지 시장에서의 거래금액이 다른 어떤 상품 시장에서의 거래금액보다도 많아질 것으로 보인다. 전 세계적으로 가스 및 전기에너지 산업의 구조적 변화는 이러한 시장에 참여하고자 하는 많은 관전 기업들에게 사업상의 문제를 불러일으키고 있다. 전력 및 에너지시장은 매우 변화가 심하며, 이러한 변화에 장기적으로 대처하지 못할 경우 위험요소가 증대되어 큰 손실을 입을 수 있다. 또한 전력시장거래에서 소비자의 전력수요를 정확히 예측하고 그에 따른 최적의 발전량을 결정하는 것은 전력공급업체의 수익성을 높이는 절대적인 요소로 작용한다. 이미 오래전에 경쟁체제가 도입된 서구 국가들에서는 이러한 목적을 수행하기 위한 전력시장해석프로그램(computer-based tool)이 상용화되어 많은 업체들이 경쟁하고 있으며, 전 세계적인 구조개편 확산 움직임에 따라 시장규모가 빠른 속도로 확대되고 있다. 이러한 흐름에 따라, 우리나라에서도 일부 학계와 벤처기업 연구소를 중심으로 관련 연구가 시작되어 진행 중에 있다. 본 논문에서는 우리 연구실에서 전력시장해석 시뮬레이터 개발을 위해 벤치마킹 시뮬레이터로 도입한 PLEXOS에 대한 간단한 소개와 PLEXOS를 이용한 샘플 계통 및 시장의 전력시장가격 예측을 수행해 보고자 한다.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.14 no.11
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• pp.981-988
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• 2002

Generally, the term "energy saving is economical" is appropriate for the national view point and for design and assessment of one system, but not appropriate when choosing the system by comparing alternative systems in the early design step. Sometimes, non-energy saving system is more economical than energy saving system because of the price of electricity, gas or oil, which are used for operating the air conditioning system. Therefore, when designing the system, we should consider the efficient alternatives through economic assessment of energy saving method. However, research on non-operating number control of the system is not sufficient because it is more common to use operating number control of the system for most economic assessment of air conditioning system. For this reason, this research can provide the economics through operating number control as basic design data. The data obtained through assesment of Life Cycle Cost based on amount of yearly energy use, were produced by system simulation of HASP/ACLD/8501 and HASP/ACSS/8502 for six alternative heating/cooling systems based on constant air volume conditioning system, which is widely used for medium and large office buildings in Busan.