• Environmental and Resource Economics Review
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• v.20 no.3
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• pp.567-593
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• 2011

In 2005, five Korean generation companies suggested to include non-fuel ancillary costs incurring in the process of managing fuels and ashes as variable costs in Korean Cost-Based Pool. OLS analysis seeking statistical relation with the amount of generation did not provide sufficient ground for such argument. However, some cost items in this category showed meaningful statistical relation for certain generation facilities hinting some possibilities for the candidate of variable costs in the future. Time lag related to cost evaluation, problems related to inventory control and accounting method related to this may block the statistical relationship with the amount of generation. Unified criteria and standardization of the data are necessary before we proceed further to consider them as variable costs.

• Journal of Energy Engineering
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• v.11 no.1
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• pp.47-58
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• 2002

This paper presents a new method for the evaluation of avoided generation costs. Unlike conventional load decrement method, it exactly considers forced outage rate and economic loading order of IPPs (Independent Power Producers). Therefore we can provide exact generation avoided costs of IPPs by the developed method. Because probabilistic simulation is conducted in this method, effects on the costs of IPPs are exactly considered. Also we suggest an allocation method of avoided generation costs by participation factor. In the case studies we have shown avoided generation costs considering loading order and forced out-age rate by using this method.

• Journal of Power System Engineering
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• v.22 no.6
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• pp.5-10
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• 2018

Nuclear energy issues such as safety and social acceptance can not only influence the production costs of generating nuclear power, but also the external costs that are not reflected in market prices. Consequently, the social issues affiliated with nuclear power, beyond a severe accident, require some form of financial expense. The external social issues considered here are accident risk and realization, regulatory costs, and nuclear energy policy costs. Through several calculations and analyses of these external costs for nuclear power generation, it is concluded that these costs range from 7 to 27 \/kWh. Considering external costs are required for making energy plans, it could have an influence on generation costs.

• KIEE International Transactions on Power Engineering
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• v.12A no.1
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• pp.31-35
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• 2002

This paper presents a new operation scheme of UPFC to minimize both generation costs and active power losses in a normal operation state of power system. In a normal operation, cost minimization is a matter of primary concern among operating objectives. This paper considers two kinds of costs, generation costs and transmission losses. The total generation cost of active powers can be minimized by optimal power flow, and active power losses in the transmission system can be also minimized by power flow control of UPFC incorporated with minimization of generation costs. In order to determine amounts of active power reference of each UPFC required for the cost minimization, an iterative optimization algorithm based on the power flow calculation using the decoupled UPFC model is proposed. For verification of the proposed method, intensive studies have been performed on a 3-unit 6-bus system equipped with a UPFC.

• Journal of Energy Engineering
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• v.7 no.1
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• pp.131-137
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• 1998

This paper discusses definition, concepts, approach methods, application areas, and evaluation of avoided generation costs based on the Korea's official long-term generation expansion plan. The main objective to evaluate avoided costs of resources is to supply decision makers with the breakeven costs of the resources. For the evaluation of avoided costs based on the Korea's generation system, we consider a DSM option which has 1,000MW peak savings, load factor with 70 percents, and life-time with 25 years. The DSM resource can save the fuel spending and capacity additions of a electric utility during its life time. The capacity and fuel savings are evaluated from two different cashflows with and without the DSM option, which are supplied with on the basis of the generation system optimization model (WASP-II), independently. The breakeven kWh costs of the DSM option is projected to be 31.3 [won/kWh], which is composed of generation capacity and fuel avoided costs with 15.0[won/kWh] and 16.3[won/kWh], respectively.

• Proceedings of the KIEE Conference
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• 1996.07b
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• pp.878-882
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• 1996

This paper discusses the definition and concepts, approach methodologies, capable application areas in electricity business, and tentative calculation of avoided generation costs based on the Korea's official long-term generation expansion plan. The objective to evaluate avoided costs of a resource is to supply decision makers with the breakeven cost of a targeting avoided resource. For the evaluation of avoided costs of the Korea's generation system, we consider the pseudo-DSM option which has 1,000MW peak savings, load factor with 70 percent, and life-time With 25 years as the avoided resource. The DSM resource can save the fuel and capacity additions of a electric utility during its life time. The capacity and fuel savings are evaluated from the two different cashflows with and Without the DSM option, which are generated on the basis of the generation system optimization model(WASP-II), independently. The breakeven kWh costs of the DSM option over this 25-year period is projected to be 34.1[won/kWh], which is composed of generation-capacity and fuel avoided costs with 101.139[won/kW] and 17.6[won/kWh], respectively.

• Environmental and Resource Economics Review
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• v.28 no.1
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• pp.147-176
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• 2019

This paper uses research on the Levelized Cost of Electricity (LCOE) in South Korea to conduct a simulation analysis on the impact of nuclear power dependency and usage rates on the social costs of power generation. We compare the $7^{th}$ basic plan for long-term electricity supply and demand, which was designed to increase nuclear power generation, to the $8^{th}$ basic plan for long-term electricity supply and demand that decreased nuclear power generation and increased renewable energy generation in order to estimate changes in social costs and electricity rates according to the power generation mix. Our environmental generation mix simulation results indicate that social costs may increase by 22% within 10 years while direct generation cost and electricity rates based on generation and other production costs may increase by as much as 22% and 18%, respectively. Thus we confirm that the power generation mix from the $8^{th}$ basic plan for long-term electricity supply and demand compared to the $7^{th}$ plan increases social costs of generation, which include environmental external costs.

• Journal of Families and Better Life
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• v.16 no.2
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• pp.179-193
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• 1998

the purpose of this research was to investigate rewards costs and adjustment perceived by adult children in three generation family. Data were collected from 132 marital couples in three generation family in Seoul area. The results of this study showed that there were significant differences in the levels of rewards costs and adjustment variables (self-esteem depression family life satisfaction and marital satisfaction)between husbands are wives. It was also found that wives's costs and husbands' rewards were significantly different across three different types of three generation family. It addition the results of multiple regression analyses indicated that reward was the most powerful variable affecting wives' depression and family life satisfaction and that cost influenced husbands' family life satisfaction and marital satisfaction.

• Proceedings of the KIPE Conference
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• 2017.11a
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• pp.33-34
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• 2017

This paper presents a linear droop control scheme based on the generation costs of DGs in an autonomous DC microgrid. Unlike the proportional power sharing of the conventional droop control, in the proposed control algorithm, the minimum output voltage range is adjusted and the droop coefficients are regulated according to the generation costs of DGs. As a result, the DGs with lower costs supplies more power in comparison with those with higher costs. Therefore, total generation cost of the system is reduced significantly. The proposed method is simple to implement and it does not require the centralized controller and communication links.

• Environmental and Resource Economics Review
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• v.22 no.2
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• pp.367-391
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• 2013

After the Fukushima nuclear accident, the external costs of generating electricity from nuclear power plants such as additional safety compliance costs and possible accident risk action costs have gained increasing attention from the public, policy-makers and politicians. Consequently, estimates of the external costs of nuclear power are very deliberate issue that is at the center of the controversy in Korea. In this paper, we try to calculate the external costs associated with the safety of the nuclear power plants, particularly focusing on additional safety compliance costs and possible accident risk action costs. To estimate the possible accident risk action costs, we adopt the damages expectation approach that is very similar way from the external cost calculation of Japanese government after the Fukushima accident. In addition, to estimate additional safety compliance costs, we apply the levelized cost of generation method. Furthermore, we perform the sensitivity analysis to examine how much these social costs increase the electricity price rate. Estimation results of the additional security measure cost is 0.53Won/kWh ~ 0.80Won/kWh depending on the capacity factor, giving little change on the nuclear power generation cost. The estimates of possible accident risk action costs could be in the wide range depending on the different damages of the nuclear power accident, probability of the severe nuclear power accident and the capacity factor. The preliminary results show that it is 0.0025Won/kWh ~ 26.4188Won/kWh. After including those two external costs on the generation cost of a nuclear power plant, increasing rate of electricity price is 0.001%~10.0563% under the capacity factor from 70% to 90%. This paper tries to examine the external costs of nuclear power plants, so as to include it into the generation cost and the electricity price. This paper suggests one of the methodologies that we might internalize the nuclear power generations' external cost, including it into the internal generation cost.