• The Transactions of The Korean Institute of Electrical Engineers
• /
• v.58 no.4
• /
• pp.708-717
• /
• 2009

Recently, Korea government decided to introduce RPS (Renewable Portfolio Standard) mechanism which requires electricity providers to gradually increase the amount of renewable energy sources such as wind, solar, bioenergy, and geothermal. As a consequence, it is expected that the long-term fuel mix would be changed to result in more expensive production and the increased production costs would be distributed to the rate payers via electricity tariffs. This paper presents the change in long-term fuel mix in year 2020 with the four RPS scenarios of 3%, 5%, 10% and 20%, and the methodologies for collecting the increased production costs through new tariff schedule. The studies on long-term fuel mix have been carried out with the GATE-PRO (Generation And Transmission Expansion Program) optimization package, a mixed-integer program developed by the Korea Energy Economics Institute and Hongik university. Three methodologies for distributing the production costs to the rate payers have also been demonstrated.

• Korean Chemical Engineering Research
• /
• v.52 no.6
• /
• pp.796-806
• /
• 2014

The key for the commercial deployment of IGCC power plants or chemical (methanol, dimethyl ether, etc.) production plants based on coal gasification is their economic advantage over plants producing electricity or chemicals from crude oil or natural gas. The better economy of coal gasification based plants can be obtained by co-production of electricity and chemicals. In this study, we carried out the economic feasibility analysis on the process of co-producing electricity and DME (dimethyl ether) using coal gasification. The plant's capacity was 250 MW electric and DME production of 300,000 ton per year. Assuming that the sales price of DME is 500,000 won/ton, the production cost of electricity is in the range of 33~58% of 150.69 won/kwh which is the average of SMP (system marginal price) in 2013, Korea. At present, the sales price of DME in China is approximately 900,000 won/ton. Therefore, there are more potential for lowering the price of co-produced electricity when comparing that from IGCC only. Since the co-production system can not only use the coal gasifier and the gas purification process as a common facility but also can control production rates of electricity and DME depending on the market demand, the production cost of electricity and DME can be significantly reduced compared to the process of producing electricity or DME separately.

• Clean Technology
• /
• v.29 no.1
• /
• pp.53-58
• /
• 2023

This study shows the summary of the economic performance of excess electricity conversion to hydrogen as well as methane and returned conversion to electricity using a fuel cell. The methane production process has been examined in a previous study. Here, this study focuses on the conversion of methane to electricity. As a part of this study, capital expenditure (CAPEX) is estimated under various sized plants (0.3, 3, 9, and 30 MW). The study shows a method for economic optimization of electricity generation using a fuel cell. The CAPEX and operating expenditure (OPEX) as well as the feed cost are used to calculate the discounted cash flow. Then the levelized cost of returned electricity (LCORE) is estimated from the discounted cash flow. This study found the LCORE value was ¢10.2/kWh electricity when a 9 MW electricity generating fuel cell was used. A methane production plant size of 1,500 Nm³/hr, a methane production cost of $11.47/mcf, a storage cost of $1/mcf, and a fuel cell efficiency of 54% were used as a baseline. A sensitivity analysis was performed by varying the storage cost, fuel cell efficiency, and excess electricity cost by ±20%, and fuel cell efficiency was found as the most dominating parameter in terms of the LCORE sensitivity. Therefore, for the best cost-performance, fuel cell manufacturing and efficiency need to be carefully evaluated. This study provides a general guideline for cost performance comparison with LCORE.

• Journal of the Korean Operations Research and Management Science Society
• /
• v.41 no.3
• /
• pp.59-74
• /
• 2016

Electricity sales are directly measured from individual consumers, which could minimize the time gap between data collection and public announcement. Furthermore, industrial electricity sales are highly linked with production and output. Therefore, industrial electricity consumption can be used to track production and output in real time. By using the high-frequency data of industrial electricity sales, this study develops the daily electricity business index (DEBI) to capture the daily economic status. The steps used to formulate DEBI are as follows: (1)selection of the explanatory variables and period, (2) amendment of the seasonal adjustment to eliminate daily temperature and effective day effects, (3) estimation of the weighted value via variables by using PCA, (4) calculation of DEBI and commencement of validation tests. Our empirical analysis and the Hodrick-Prescott filter analysis show that DEBI is highly related to existing economic indices.

• The Transactions of The Korean Institute of Electrical Engineers
• /
• v.63 no.12
• /
• pp.1627-1636
• /
• 2014

In real-time electricity price environment, the energy management system can provide the significant advantage to the residential, commercial and industrial customers since it can reduce the electricity charge by controlling the load operation effectively in response to time-varying price. However, the earlier studies for load management mainly focus on the residential and commercial customers except for the industrial customers because most of load operations in industrial sector are intimately related with production schedule. So, it is possible that the inappropriate control of loads in industrial sector causes huge economic loss. In this paper, therefore, we propose load control algorithm for factory energy management system(F-EMS) to achieve not only minimizing the electricity charges but also maintaining production efficiency by considering characteristics of load operation and production schedule. Considering characteristics of load operation and production schedule, the proposed load control algorithm can reflect the various characteristics of specific industrial customer and control their loads within the range that the production efficiency is maintained. Simulation results show that the proposed load control algorithm for F-EMS leads to significant reduction in the electricity charges and peak power in industrial sector.

• Journal of the Korean Society of Industry Convergence
• /
• v.12 no.2
• /
• pp.69-78
• /
• 2009

Dust in the fabric production sites is increased by the static electricity in air which is generated in the manufacturing process. The static electricity is shown in inverse proportion to humidity of the production sites. The optimum humidity rate for the filament in the production process has been established as 65~75%. Where as, average humidity rate of production site is estimated as 40%. Therefore, it is necessary to raise the humidity rate by 30% to maintain appropriate humidity to control generation of static electricity and dust in the production sites. In this study, a new air-jet water sprayer was developed and it can produce $10{\mu}m$ sprayed particles. When the air-jet water sprayer was operated on the production site dust generation rate was shown far below the environmental standard. It is assumed that when the air jet sprayers was applied to 1,000 fabric machines of 5 gloves making plants, its productivity and rates of operation will be improved by value of about 2.5 billion Won a year.

• Journal of the Korea Safety Management & Science
• /
• v.17 no.1
• /
• pp.271-279
• /
• 2015

Global warming has pressured companies to put a greater emphasis on environment management which allows them to reduce environmental impact and costs of their operations. In Korea, the coal-fired power plants take a large account of electricity generation at 31.7% of the total electricity usage in 2014. Thus, environmental impact of coal-fired power plants is significant. This paper illustrated how to compute environmental impact and costs in electricity generation at a coal-fired power plant using MFCA methodology. Compared to the traditional accounting, an advantage of MFCA is to provide information on electricity generation costs and environmental wastes incurring throughout the production process of electricity. Based on MFCA, the coal-fired power plant was able to reduce production cost of electricity by 52.3%, and environmental wastes by 47.7%. As a result, MFCA seemed to be an effective tool in environmental management for power plants.

• Journal of the Economic Geographical Society of Korea
• /
• v.26 no.2
• /
• pp.96-109
• /
• 2023

Recently, there has been a lot of discussion about the regional pricing of electricity and electricity self-sufficiency. In Korea, power generation facilities are highly ubiquitous and there is an imbalance between electricity production and consumption regions. So it is proposed to charge different price by region, instead of the current nationwide uniform price, and the regional electricity self-sufficiency rate is proposed as a criterion for identifying electricity production and consumption regions. However, many discussions set the spatial unit for measuring electricity self-sufficiency by 17 Si·Do, which needs to be analyzed for its appropriateness. In this study, we analyzed the electricity self-sufficiency rate using 17 provinces and 229 Si·Gun·Gu as the spatial unit. As a result of the analysis, there are 7 and 10 electricity producing and consuming regions at Si·Do level, but 38 and 191 at Si·Gun·Gu level. In addition, although the electricity self-sufficiency rate measurement has the advantage of identifying electricity production and consumption areas in a simple and intuitive way, we points out that it has some problems with the criteria for regional pricing of electricity.

• Advances in Energy Research
• /
• v.3 no.1
• /
• pp.59-70
• /
• 2015

In India, continuous production of electricity and sweet/potable water from Solar power and desalination plant plays a major role in the industries. Particularly in Copper industry, Solar power adopts Solar field collector combined with thermal storage system and steam Boiler, Turbine & Generator (BTG) for electricity production and desalination plant adopts Reverse osmosis (RO) for sweet/potable water production which cannot be used for long hours of power generation and consistency of energy supply for industrial processes and power generation cannot be ensured. This paper presents an overview of enhanced technology for Solar power and Desalination plant for Copper industry making it continuous production of electricity and sweet/potable water. The conventional technology can be replaced with this proposed technique in the existing and upcoming industries.

• Asian Journal of Business Environment
• /
• v.4 no.2
• /
• pp.17-21
• /
• 2014

Purpose - The paper analyzes basic indicators characterizing the volume of energy sector activity in the Russian Federation, Privolzhsky Federal district, Republic of Tatarstan. Research design, data, and methodology - The study analyzed data from the Privolzhsky Federal district, specifically, industrial production volume, electricity production, energy consumption, energy-balance data, capital investments, and capital investment structure. An array of data has been investigated in recent years. The dataset's dynamics were analyzed in 1998. Fixed capital investment dynamics were studied in 1946 the figures were converted to a comparable form using the index method. Trends were analyzed using multivariate statistics methods and the Statgraphics software package. Results - Hypothesis 1. There are sectoral disproportions in energy flows,taking into account the volume of electricity production and consumption. Trends in electricity production in general coincide with industrial production volume trends. Energy flows have disparities in individual territorial units, and in general. Hypothesis 2. The degree of sectoral economic stability decreases with insufficient levels of investment in fixed capital energy organizations. Conclusions - Because totalelectricity production is largely determined by fixed capital investments, the study of their trends and patterns will coordinate efforts on investment operations in this area.