• Title/Summary/Keyword: electricity price

Search Result 402, Processing Time 0.033 seconds

Coal gasification with High Temperature Steam (고온(高溫) 수증기(水蒸氣)를 이용한 석탄(石炭) 가스화)

  • Yun, Jin-Han;Kim, Woo-Hyun;Keel, Sang-In;Min, Tai-Jin;Roh, Seon-Ah
    • Resources Recycling
    • /
    • v.16 no.6
    • /
    • pp.28-33
    • /
    • 2007
  • Coal is the most abundant energy source and deposited in every area of world. Combustion process with lower efficiency has been mainly used. Therefore, implementation of more efficient technologies, involving gasification, combined cycles and fuel cells, would be a key issue in the plans for more efficient power generation. In these technologies, gasification has been studied for decades. However, coal gasification to high value combustible gas such as hydrogen and carbon monoxide is focused again due to high oil price. The gaseous product, called syngas, can be effectively utilized in a variety of ways ranging from electricity production to chemical industry (as feedstock). In this study, coal gasification with ultra high temperature steam has been performed. The effect of steam/carbon ratio on the produced gas concentrations, gasification rate and additional products like tar, ammonia and cyan compounds has been determined.

An Analytical Investigation for Nash Equilibriums of Generation Markets

  • Kim Jin-Ho;Won Jong-Ryul;Park Jong-Bae
    • KIEE International Transactions on Power Engineering
    • /
    • v.5A no.1
    • /
    • pp.85-92
    • /
    • 2005
  • In this paper, Nash equilibriums of generation markets are investigated using a game theory application for simplified competitive electricity markets. We analyze the characteristics of equilibrium states in N-company spot markets modeled by uniform pricing auctions and propose a new method for obtaining Nash equilibriums of the auction. We assume that spot markets are operated as uniform pricing auctions and that each generation company submits its bids into the auction in the form of a seal-bid. Depending on the bids of generation companies, market demands are allocated to each company accordingly. The uniform pricing auction in this analysis can be formulated as a non-cooperative and static game in which generation companies correspond to players of the game. The coefficient of the bidding function of company-n is the strategy of player-n (company-n) and the payoff of player-n is defined as its profit from the uniform price auction. The solution of this game can be obtained using the concept of the non-cooperative equilibrium originating from the Nash idea. Based on the so called residual demand curve, we can derive the best response function of each generation company in the uniform pricing auction with N companies, analytically. Finally, we present an efficient means to obtain all the possible equilibrium set pairs and to examine their feasibilities as Nash equilibriums. A simple numerical example with three generation companies is demonstrated to illustrate the basic idea of the proposed methodology. From this, we can see the applicability of the proposed method to the real-world problem, even though further future analysis is required.

A Study on the Korean Electricity Market Price and Cost/Benefit Analysis of each Generation Resource Type (전력시장에서의 시장가격예측 및 발전회사의 수익성 분석)

  • Kang, Dong-Joo;Jung, Hae-Sung;Hur, Jin;Kim, Tae-Hyun;Moon, Young-Hwan;Jung, Ku-Hyung;Kim, Bal-Ho H.
    • Proceedings of the KIEE Conference
    • /
    • 2004.11b
    • /
    • pp.272-274
    • /
    • 2004
  • 양방향입찰시장(TWBP)의 도입을 위해서는 이를 위한 시장설계 및 효율적인 시장운영을 위한 다양한 분석 작업들이 요구되고 있다. 특히 시장설계의 경우, 해외 자문회사와의 협력을 통해 경쟁적 전력시장을 이미 도입하여 운영하고 있는 해외 국가들의 사례들을 포함한 많은 시장운영 기법들이 검토되고 있으며 향후 도입될 TWBP 전력시장에 적합한 방안들을 준비하고 있다. 전력을 전력시장운영규칙이 정하는 바에 따라 전력시장을 통해서만 거래하도록 규정하고 있는 우리나라의 경우, 전력시장운영규칙은 전력시장과 전력계통의 운영에 대한 모든 것을 다루게 되는 만큼 이에 대한 합리적인 설계와 적용은 효율적인 TWBP 전력시장의 기본 틀이라고 할 수 있다. 양방향입찰시장에서의 가격결정은 전력수급과 시장가격 안정화를 위해 매우 중요한 사안이다. 또한 현재 CBP시장과 다른 용량요금(CP)제도의 폐지와 기타 공급예비력확보 제도 등 도매시장설계에 있어 중요한 자료를 제공한다. 양방향입찰시장하에서 가격수준 분석을 통해 시장개설 이전에 문제점을 사전에 검토하여 문제점을 개선하고 시장규칙에 반영하여야 한다. 또한 용량요금 폐지에 따른 보완대책을 수립하여 수급불안정을 방지하고 전력시장 안정화와 성공적인 도매경쟁시장 개설을 위해 필수적이라 할 수 있다. 본 논문에서는 CBP 시장과 TWBP 시장에서의 기본적 가격예측을 위한 구조적 모델링과 일부 시나리오에 대한 결과를 소개하고자 한다.

  • PDF

Real Options Analysis for the Investment of Floating Photovoltaic Project in Saemangeum (실물옵션을 활용한 새만금 수상태양광 투자사업의 수익성 분석)

  • Kim, Kyeongseok
    • Korean Journal of Construction Engineering and Management
    • /
    • v.22 no.1
    • /
    • pp.90-97
    • /
    • 2021
  • Saemangeum Development is the largest national project in South Korea, which has been developed for an agricultural, economic and tourist area for 30 years from 1987. In order to convert power sources that used to depend on nuclear and thermal power to eco-friendly for carbon reduction, the government plans to construct a 2.1GW floating photovoltaic project by investing 4.6 trillion won, as a public-private project. For success of the Saemangeum floating photovoltaic project, economic feasibility should be checked. This study defined the factors (construction cost, electricity selling price, power generation and maintenance cost) that give a effect to the volatility of the floating photovoltaic payoffs, and analyzed the volatility of payoffs during 20 years operation period. NPV and option value of the project were calculated by applying an option to abandon. According to NPV analysis, it is determined that projects are difficult to invest. But this project has economic feasibility through real options analysis. This study is expected to help decision-makers in the economic analysis of floating photovoltaic projects by using the real options analysis.

Dynamometer Test for the CVT System using Spring

  • Kwon, Young-Woong;Yang, Seung-Bok
    • International journal of advanced smart convergence
    • /
    • v.11 no.3
    • /
    • pp.222-228
    • /
    • 2022
  • As a means to cope with the climate change crisis caused by global warming, automobile manufacturers continue to make efforts to use the driving energy of vehicles as electricity. As a result, parts industry such as battery, motor, and controller are attracting attention. China is often seen in large cities, with electric vehicles such as electric bicycles, electric motorcycles, and small electric vehicles popularized and commercialized, mainly in large cities. However, small electric vehicles are not popular in Korea, which is why the country's topography is high in hills. In order to drive the hilly domestic roads, power performance including vehicle climbing ability should be improved. In order to improve the power performance and the climbing capacity of small electric vehicles, the capacity of the motor should be increased. However, when the performance of the motor is improved, the weight of the motor becomes heavy and the price competitiveness is likely to decrease. In addition, in order to operate a high-performance motor, the power consumption of the battery is rapidly increased, so various problems must be solved. In order to commercialize a small electric vehicle for one or two people who do not emit harmful exhaust gas to the human body in a hilly domestic terrain, it is effective to have a separate transmission system. In this study, we were conducted dynamometer test to produce a continuously variable transmission(CVT) system prototype using a spring that can be applied to a small electric vehicle and to install a CVT system prototype manufactured in a small electric vehicle. The dynamometer test results showed that the maximum speed performance, acceleration performance, and climbing performance were improved.

Vacant House Prediction and Important Features Exploration through Artificial Intelligence: In Case of Gunsan (인공지능 기반 빈집 추정 및 주요 특성 분석)

  • Lim, Gyoo Gun;Noh, Jong Hwa;Lee, Hyun Tae;Ahn, Jae Ik
    • Journal of Information Technology Services
    • /
    • v.21 no.3
    • /
    • pp.63-72
    • /
    • 2022
  • The extinction crisis of local cities, caused by a population density increase phenomenon in capital regions, directly causes the increase of vacant houses in local cities. According to population and housing census, Gunsan-si has continuously shown increasing trend of vacant houses during 2015 to 2019. In particular, since Gunsan-si is the city which suffers from doughnut effect and industrial decline, problems regrading to vacant house seems to exacerbate. This study aims to provide a foundation of a system which can predict and deal with the building that has high risk of becoming vacant house through implementing a data driven vacant house prediction machine learning model. Methodologically, this study analyzes three types of machine learning model by differing the data components. First model is trained based on building register, individual declared land value, house price and socioeconomic data and second model is trained with the same data as first model but with additional POI(Point of Interest) data. Finally, third model is trained with same data as the second model but with excluding water usage and electricity usage data. As a result, second model shows the best performance based on F1-score. Random Forest, Gradient Boosting Machine, XGBoost and LightGBM which are tree ensemble series, show the best performance as a whole. Additionally, the complexity of the model can be reduced through eliminating independent variables that have correlation coefficient between the variables and vacant house status lower than the 0.1 based on absolute value. Finally, this study suggests XGBoost and LightGBM based machine learning model, which can handle missing values, as final vacant house prediction model.

Simultaneous Removal Characteristics of NOx, SOx from Combustion Gases using Pulse Corona induced Plasma Chemical Processing (PPCP에 의한 연소가스 중 NOx, SOx 동시제거 특성)

  • Park, Jae-Yoon;Koh, Yong-Sul;Jung, Jang-Gun;Kim, Jung-Dal
    • Journal of Korean Society of Environmental Engineers
    • /
    • v.22 no.2
    • /
    • pp.211-216
    • /
    • 2000
  • In this paper, experimental investigations were carried out to remove NOx, SOx simultaneously from a simulated combustion flue gas [$NO(0.02%)-SO_2(0.08%)-CO_2-Air-N_2$] by using a pulse corona induced plasma chemical processing. Discharge domain of wire-cylindrical plasma reactor was separated from a gas flow duct to avoid unstable discharge by aerosol particle deposited on discharge electrode and grounded electrode. The NOx, SOx removal was experimentally investigated by a reaction induced to ammonium nitrate, ammonium sulfate using a low price of aqueous NaOH solution and a small quantity of ammonia. Volume percentage of aqueous NaOH solution used was 20% and $N_2$ flow rate was $2.5{\ell}/min$ for bubbling aqueous NaOH solution. Ammonia gas(l4.82%) balanced by argon was diluted by air and was introduced to a main simulated flue gas duct through $NH_3$ injection system which was in downstream of reactor. The $NH_3$ molecular ratio(MR) was determined based on [$NH_3$] and [$NO+SO_2$]. MR is 1.5. The NOx removal rates increased in the order of DC, AC and pulse, but SOx removal rates was not significantly effected by source of electricity. The NOx removal rate slightly decreased with increasing initial concentration. but SOx removal rate was not significantly affected by initial concentration. The NOx, SOx removal rates decreased with increasing gas flow rate.

  • PDF

Measurement of the Benefits from Safeguarding Energy Security through Building the Integrated Gasification Combined Cycle Power Plant (석탄가스화 복합발전소 건설의 에너지안보 확보편익 추정)

  • Lim, Seul-Ye;Choi, Hyo-Yeon;Yoo, Seung-Hoon
    • Journal of Energy Engineering
    • /
    • v.24 no.3
    • /
    • pp.40-47
    • /
    • 2015
  • Integrated gasification combined cycle (IGCC) power plants not only emit less greenhouse gases and air pollutants than conventional coal-fired power plants, but also use low-price, low-quality, and internationally easily procurable coal. Thus we can benefit from safeguarding energy security through building the IGCC power plant. This paper attempts to value the benefits of energy security enhanced by IGCC power plant. To this end, we report here the results from a contingent valuation survey of randomly selected 600 households. A combination of a double-bounded model and a spike model is applied for the purpose of increasing statistical efficiency and dealing with zero(0) willingness to pay data, respectively. The results show that the respondents are additionally willing to pay 6.05 won for 1kWh of electricity generated from IGCC power plant. In other words, the benefits from safeguarding energy security through building the IGCC power plant are 6.05 won per kWh. Given that the expected amount of generation from the Taean IGCC power plant that is scheduled to be built in late 2015 is 2.27 TWh per year, the benefits are estimated to be 13.74 billion won per year.

A Pre-Feasibility Test of Introducing Renewable Energy Hybrid Systems -Case Studies for 3 Off-Grid Islands- (도서지역 신·재생복합 전력시스템 보급 타당성 분석 -3개 도서지역 분석결과-)

  • Jang, HaNa;Kim, Suduk
    • Environmental and Resource Economics Review
    • /
    • v.15 no.4
    • /
    • pp.693-712
    • /
    • 2006
  • A pre-feasibility test is done for renewable energy hybrid power systems at off~grid islands in which the current power supply is provided only by diesel generation. We apply Homer (Hybrid Optimization Model for Electric Renewables) which was developed by the National Renewable Energy Laboratory (NREL) for the analysis to identify the cost-minimizing combination of power generating facilities for the given load profiles. Chuja-Do, Geomun-Do and Youngsan-Do have been selected for our analysis considering the wind resources data of the Korea Institute of Energy Research (KIER). Information on wind speed, solar radiation and temperature is also used for the analysis. System component cost information from overseas market has been used due to the lack of domestic information. Site specific Load profile for electricity demand for those islands are reconstructed based on the partial survey results obtained form other sources. The LCOE of the least cost hybrid power systems for Chuja-Do, Geomun-Do and Youngsan-Do are $0.278/kWh, $0.234/kWh and $0.353/kWh, respectively Considering the fact that diesel generation is being subsidized at the price of $0.300/kWh by the government, first 2 cases are economically feasible for the introduction of renewable energy hybrid systems to those islands. But the third case of Youngsan-Do does not meet the criteria. The basic differences of these pre-feasibility test results are from the differences of the site specific renewable energy conditions, especially wind resources. In summary, promoting hybrid systems in the off-grid remote island should be based on the economic feasibility test results. Not all the off-grid islands are feasible for introducing this renewable energy hybrid system.

  • PDF

The Effectiveness of Accounting Information in Military Construction Contracts under the Qualification Assessment System (적격심사낙찰제 계약에서 회계정보의 유용성에 관한 연구)

  • Hur, Hyung
    • Journal of the military operations research society of Korea
    • /
    • v.37 no.1
    • /
    • pp.49-70
    • /
    • 2011
  • This paper re-evaluated the research on the accounting information's effectiveness in military construction contracts, questioning the former research results on the central army's construction contract that was under the Qualification Assessment System, especially concerning the relations between the accounting information and the bidding ratios as well as the relations between the bidding rates and the defect rates, which targeted between 1 to 10 billions civil engineering, construction, electricity, telecommunication, and environment work types. Unlike the previous results, the relationship between the accounting information and the bidding rates was shown to be considerably limited that the bidding ratio could not be identified through the accounting information, while it could discern the relations with the defect rates. Furthermore, the proven results did not support the hypothesis that the differences in bidding rates could affect the defect ratio. However, through the prediction model of bidding and defect ratios, we could identity the accounting variables that influenced the ratios. Additionally through the results regarding the non-financial indexes in the Pre-Qualification items, the weight on these indexes could be adjusted. In conclusion, the research results has given us new understanding of the problems in the Qualification Assessment System which accounts for the majority of the current military construction contracts and provide validity on the government's expanded implementation of the Lowest Price Award System.