• Title/Summary/Keyword: electricity price

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An Assessment of Energy Consumption on Deep Sea Water Cooling System (해양 심층수를 이용한 냉방시스템의 경제성 비교분석)

  • Park, Jin-Youn;Kim, Samuel;Jung, Kyung-Sik;Nam, Min-Sik
    • Proceedings of the SAREK Conference
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    • 2008.06a
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    • pp.1279-1284
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    • 2008
  • The alternative energy has lately attracted considerable attention due to the high oil price and environment problem. Deep sea water that is one of the natural energy sources should be getting popular continually to reduce the environment problem. In this study, cooling system of deep sea water using heat exchangers of two hotels where is located in near Hae-undae Bay has been analyzed on the quantity of electricity comparison between existing cooling system and deep seawater cooling system. As shortly, the results of study showed that the first building approximately saves 370 millions won per year, also the second building saves 248 millions won per year. It means that the cooling system by using deep sea water has great worth to reduce the ratio of fossil fuel.

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Electrical Fire Detection System using Temperature and Current Detectors (열.전류 감지기를 이용한 전기화재감지시스템)

  • Kim, Doo-Hyun;Kim, Sung-Chul
    • Journal of the Korean Society of Safety
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    • v.22 no.3 s.81
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    • pp.7-12
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    • 2007
  • This paper presents the development of an electrical fire detection system using digital temperature and current detectors in order to sound for electrical fire in advance. As the demand for electricity is increasing and industrial facilities are getting more complex and larger in size, the losses of human life and property are on the increase by electrical fires. In order to prevent electrical fires, it is required to find out fire signatures, or electric signal of the overcurrent and overheating. Therefore, in this paper, developed is an electrical fire detection system based on the detection of signal for overcurrent and overheating to prevent electrical accidents in advance that happen in electrical wires. The developed system gives an alarm by computer monitor, speaker system and mobile phone before electrical fires occur and give severe damages to human beings and properties, and the system can be implemented and supplied for business and residental buildings at a low price. The usefulness and validity of the system, also, verified in this paper by case study and experiments.

Short-term Electric Load Forecasting for Summer Season using Temperature Data (기온 데이터를 이용한 하계 단기전력수요예측)

  • Koo, Bon-gil;Kim, Hyoung-su;Lee, Heung-seok;Park, Juneho
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.64 no.8
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    • pp.1137-1144
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    • 2015
  • Accurate and robust load forecasting model is very important in power system operation. In case of short-term electric load forecasting, its result is offered as an standard to decide a price of electricity and also can be used shaving peak. For this reason, various models have been developed to improve forecasting accuracy. In order to achieve accurate forecasting result for summer season, this paper proposes a forecasting model using corrected effective temperature based on Heat Index and CDH data as inputs. To do so, we establish polynomial that expressing relationship among CDH, load, temperature. After that, we estimate parameters that is multiplied to each of the terms using PSO algorithm. The forecasting results are compared to Holt-Winters and Artificial Neural Network. Proposing method shows more accurate by 1.018%, 0.269%, 0.132% than comparison groups, respectively.

Managing and Minimizing Cost of Energy in Virtual Power Plants in the Presence of Plug-in Hybrid Electric Vehicles Considering Demand Response Program

  • Barati, Hassan;Ashir, Farshid
    • Journal of Electrical Engineering and Technology
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    • v.13 no.2
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    • pp.568-579
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    • 2018
  • Virtual power plants can be regarded as systems that have entered the network after restructure of power systems. In fact, these plants are a set of consumers capable of consuming and generating power. In response to widespread implementation of plug-in hybrid electric vehicles, further investigation of energy management in this type of power plants seems to be of great value. In effect, these vehicles are able to receive and inject power from/into the network. Hence, study of the effects of these vehicles on management of virtual power plants seems to be illuminative. In this paper, management of power consumption/generation in virtual power plants has been investigated in the presence of hybrid electric vehicles. The objective function of virtual power plants problem management is to minimize the overall costs including not only the costs of energy production in power generation units, fuels, and degradation of batteries of vehicles, but also the costs of purchasing electricity from the network. Furthermore, the constraints on the operational of plants, loads and hybrid vehicles, level of penalty for greenhouse gas emissions ($CO_2$ and $NO_x$) produced by power plants and vehicles, and demand response to the immediate price of market have all been attended to in the present study. GAMS/Cplex software system and sample power system have been employed to pursue computer implementation and simulation.

Marginal Loss Factor using Optimal Power flow in Power Market (최적조류계산을 이용한 한계손실계수의 전력시장 적용)

  • Sin, Dong-Jun;Go, Yong-Jun;Lee, Hyo-Sang;Kim, Jin-O
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.51 no.8
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    • pp.379-384
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    • 2002
  • In the competitive electricity market, various pricing methods are developed and practiced in many countries. Among these pricing methods, marginal loss factor(MLF) can be applied to reflect the marginal cost of network losses. For the calculation of MLF, power flow method has been used to calculate system loss deviation. However, this power flow method shows some shortcomings such as necessity of regional reference node, and absence of an ability to consider network constraints like line congestion, voltage limit, and generation output limit. The former defect might affects adversely to the equity of market participants and the latter might generate an inappropriate price signals to customers and generators. To overcome these defects, the utilization of optimal power flow(OPF) is suggested to get the system loss deviation in this paper. 30-bus system is used for the case study to compare the MLF results by the power flow and the OPF method for 24-hour dispatching and pricing, Generator payment and customer charge are compared with these two methods also. The results show that MLF by OPF reflects the power system condition more faithfully than that of by the conventional power flow method

Analysis of Economics through Control Method of Heat Source Equipment in Seasonal Air conditioning Building

  • Park, Yool;Kim, Samuel;Jung, Soon-Sung
    • International Journal of Air-Conditioning and Refrigeration
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    • v.11 no.4
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    • pp.209-217
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    • 2003
  • 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 a 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 systems. For this reason, this research can provide the economic operating number control method as basic design data. The data obtained through analysis of life cycle cost based on amount of yearly energy use, are produced by system simulation of HASP/ACLD/8501 and HASP/ACSS/8502 for six alternative heating$.$cooling systems based on seasonal air conditioning system, which is widely used for medium and large size office buildings in Busan.

Development of Smart Energy Profile(SEP) for Integrate Energy Storage System(ESS) at Smart Home (에너지 저장 시스템의 스마트 홈 연동을 위한 SEP 개발)

  • Lee, Sang-hak
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.41 no.6
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    • pp.678-680
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    • 2016
  • Due to changes in the energy environment, it's very popular to introduce the solar energy at home. More effective energy management is achieved together with an energy storage system(ESS). The electricity generated by solar can be used effectively to achieve the peak cut and price reduction. In this paper, we developed Smart Energy Profile(SEP) to make an ESS as a component of home energy management system(HEMS) cooperating with home network. First, we defined the functions equipped on the ESS and then developed a standard-based protocol to achieve compatibility between products. Our main contribution is to establish the foundation to introduce the HEMS at home.

Evaluation of Generator Reactive Power Pricing Through Optimal Voltage Control under Deregulation

  • Jung Seung-Wan;Song Sung-Hwan;Yoon Yong Tae;Moon Seung-Il
    • KIEE International Transactions on Power Engineering
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    • v.5A no.3
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    • pp.228-234
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    • 2005
  • This paper presents the evaluation of reactive power pricing through the control of generator voltages under the assumption that the reactive power market has been transformed into the real power market. By applying the concept of economic dispatch, which minimizes the total cost of real power generation to reactive power generation, the algorithm for implementing reactive power pricing is proposed to determine the optimum voltage profiles of generators. It consists of reactive power voltage equation, the objective function that minimizes the total cost of reactive power generation, and linear analysis of inequality constraints in relation to the load voltages. From this algorithm, the total cost of the reactive power generation can be yielded to the minimum value within network constraints as the range of load voltages. This may provide the fair and reasonable price information for reactive power generation in the deregulated electricity market. The proposed algorithm has been tested on the IEEE 14-bus system using MATLAB.

Optimal Energy Consumption Scheduling in Smart-Grid Considering Storage Appliance : A Game-Theoretic Approach (스마트 그리드에 있어서 저장 장치를 고려한 최적 에너지 소비 스케줄링 : 게임 이론적 접근)

  • Yeo, Sangmin;Lee, Deok-Joo;Kim, Taegu;Oh, Hyung-Sik
    • Journal of Korean Institute of Industrial Engineers
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    • v.41 no.5
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    • pp.414-424
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    • 2015
  • In this research, we consider a smart grid network of electricity with multiple consumers connected to a monopolistic provider. Each consumer can be informed the real time price changes through the smart meter and updates his consumption schedule to minimize the energy consumption expenditures by which the required power demand should be satisfied under the given real time pricing scheme. This real-time decision making problem has been recently studied through game-theoretic approach. The present paper contributes to the existing literature by incorporating storage appliance into the set of available household appliances which has somewhat distinctive functions compared to other types of appliances and would be regarded to play a significant role in energy consumption scheduling for the future smart grid. We propose a game-theoretic algorithm which could draw the optimal energy consumption scheduling for each household appliances including storage. Results on simulation data showed that the storage contributed to increase the efficiency of energy consumption pattern in the viewpoint of not only individual consumer but also whole system.

Initial estimates of the economical attractiveness of a nuclear closed Brayton combined cycle operating with firebrick resistance-heated energy storage

  • Chavagnat, Florian;Curtis, Daniel
    • Nuclear Engineering and Technology
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    • v.50 no.3
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    • pp.488-493
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    • 2018
  • The Firebrick Resistance-Heated Energy Storage (FIRES) concept developed by the Massachusetts Institute of Technology aims to enhance profitability of the nuclear power industry in the next decades. Studies carried out at Massachusetts Institute of Technology already provide estimates of the potential revenue from FIRES system when it is applied to industrial heat supply, the likely first application. Here, we investigate the possibility of operating a power plant (PP) with a fluoride-salt-cooled high-temperature reactor and a closed Brayton cycle. This variant offers features such as enhanced nuclear safety as well as flexibility in design of the PP but also radically changes the way of operating the PP. This exploratory study provides estimates of the revenue generated by FIRES in addition to the nominal revenue of the stand-alone fluoride-salt-cooled high-temperature reactor, which are useful for defining an initial design. The electricity price data is based on the day-ahead markets of Germany/Austria and the United States (Iowa). The proposed method derives from the equation of revenue introduced in this study and involves simple computations using MatLab to compute the estimates. Results show variable economic potential depending on the host grid but stress a high profitability in both regions.