Allocative efficiency, potential cost savings, and power supply price markdown in Korean electric power sector

2018 ◽  
Vol 30 (4) ◽  
pp. 617-628 ◽  
Author(s):  
Myunghun Lee
Keyword(s):  
Electric Power ◽  
Power Supply ◽  
Power Plants ◽  
Allocative Efficiency ◽  
Cost Savings ◽  
Electric Power Industry ◽  
Production Costs ◽  
Potential Cost ◽  
Owned Company ◽  
Supply Price

As one publicly owned company monopolizes the electricity supply, Korea’s power market has been distorted. Firms faced with constraints imposed by a regulatory environment are likely to fail to minimize their production costs subject to market prices. In this paper, we test for allocative efficiency of fuel inputs for the Korean electric power industry over the period of 1990–2015. The potential cost savings and maximum power supply price markdown are calculated by imposing allocative efficiency. The power plants, on average, could have reduced their fuel costs by as much as 22.1% annually. The attainment of allocative efficiency would have enabled the power supply price to be cut by 7.6% annually.

scholarly journals Planning of Electric Power Systems Considering Virtual Power Plants with Dispatchable Loads Included: An Inexact Two-Stage Stochastic Linear Programming Model

2018 ◽  
Vol 2018 ◽  
pp. 1-12 ◽  
Author(s):  
Changyu Zhou ◽  
Guohe Huang ◽  
Jiapei Chen
Keyword(s):  
Linear Programming ◽  
Power System ◽  
Electric Power ◽  
Power Supply ◽  
Power Plants ◽  
Electricity Demand ◽  
Virtual Power ◽  
Stochastic Linear Programming ◽  
Two Stage ◽  
Virtual Power Plants

In this study, an inexact two-stage stochastic linear programming (ITSLP) method is proposed for supporting sustainable management of electric power system under uncertainties. Methods of interval-parameter programming and two-stage stochastic programming were incorporated to tackle uncertainties expressed as interval values and probability distributions. The dispatchable loads are integrated into the framework of the virtual power plants, and the support vector regression technique is applied to the prediction of electricity demand. For demonstrating the effectiveness of the developed approach, ITSLP is applied to a case study of a typical planning problem of power system considering virtual power plants. The results indicate that reasonable solutions for virtual power plant management practice have been generated, which can provide strategies in mitigating pollutant emissions, reducing system costs, and improving the reliability of power supply. ITSLP is more reliable for the risk-aversive planners in handling high-variability conditions by considering peak-electricity demand and the associated recourse costs attributed to the stochastic event. The solutions will help decision makers generate alternatives in the event of the insufficient power supply and offer insight into the tradeoffs between economic and environmental objectives.

scholarly journals Improvement of turbogenerators as a technical basis for ensuring the energy independence of Ukraine

2021 ◽  
pp. 19-30
Author(s):  
V. V. Shevchenko ◽  
A. N. Minko ◽  
M. Dimov
Keyword(s):  
Renewable Energy ◽  
Electric Power ◽  
Energy Security ◽  
Nuclear Power ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Electric Power Industry ◽  
Energy Sources ◽  
The World ◽  
Energy Independence

The paper defines the directions of improving turbogenerators as the basis for ensuring the energy independence of Ukraine. The analysis of the state, problems and prospects for the development of modern electric power industry. Goal of the work is to identify promising directions for sustainable development of the national electric power industry in order to ensure energy security of Ukraine, to conduct a comparative analysis of electricity sources, to confirm the need to improve the main sources – turbogenerators. Methodology. During the research, an analytical analysis of the electricity sources, which are installed at power plants in Ukraine and the world, was carried out, taking into account the growth of the planet's population and its energy activity. Cyclic theory was chosen as the theoretical basis for forecasting. On the basis of this theory, global development trends, advantages and disadvantages of currently used sources of electricity - thermal (including nuclear) power plants and stations that operate from renewable energy sources - have been established. A review of literary sources on the methods of the energy sector forecasting the development, including the development of the energy sector in Ukraine, has been carried out. Originality. It has been established that due to the active growth of the planet's population, with the increase in its energy activity, obtaining electricity from renewable energy sources is not enough, that for the next 20-30 years nuclear power plants will be the main sources of electricity. The internal and external threats to the energy security of Ukraine, directions of development of turbogenerator construction, ways to improve turbogenerators, to increase their energy efficiency, power per unit of performance, to increase the readiness and maneuverability factors, and overload capacity have been identified. Practical significance. The need to continue the modernization and improvement of the turbogenerators of nuclear power plant units, as the main sources of electricity, has been proved. The directions of their improvement are established: increasing the power in the established sizes, making changes to the design of the turbogenerators inactive elements, replacing the cooling agent to keep Ukrainian turbogenerators at the world level, improving auxiliary systems, improving and increasing the reliability of the excitation system, introduction of automatic systems for monitoring the state turbogenerators. Possible limits of use, advantages, disadvantages and problems of using renewable energy sources for Ukraine have been established.

scholarly journals Destructiveness of Profits and Outlays Associated with Operation of Offshore Wind Electric Power Plant. Part 1: Identification of a Model and its Components

2018 ◽  
Vol 25 (2) ◽  
pp. 132-139 ◽  
Author(s):  
Andrzej Tomporowski ◽  
Józef Flizikowski ◽  
Weronika Kruszelnicka ◽  
Izabela Piasecka ◽  
Robert Kasner ◽  
...  
Keyword(s):  
Power Plant ◽  
Electric Power ◽  
Power Plants ◽  
Electric Power Industry ◽  
Offshore Wind ◽  
Electric Power Plant ◽  
Domestic Markets ◽  
Electric Power Plants ◽  
Environmental Objects ◽  
Development Prospects

Abstract This paper describes identification and components of destructiveness of energy, economic and ecologic profits and outlays during life cycle of offshore wind electric power plants as well as the most useful models for their design, assembly and use. There are characterized technical conditions (concepts, structures, processes) indispensable for increasing profits and/or decreasing energy, economic and ecological outlays on their operation as well as development prospects for global, European and domestic markets of offshore wind electric power industry. A preliminary analysis was performed for an impact of operators, processed objects, living and artificial environmental objects of a 2MW wind electric power plant on possible increase of profits and decrease of outlays as a result of compensation of destructiveness of the system, environment and man.

Analysis of Regulatory Documents on the Creation and Operation of Intelligent Power Supply Systems for Rural Consumers

2021 ◽  
Vol 1 (42) ◽  
pp. 8-15
Author(s):  
Aleksandr Vinogradov ◽  
◽  
Anatoliy Seyfullin
Keyword(s):  
Power System ◽  
Electric Power ◽  
Electricity Markets ◽  
Power Supply ◽  
Electric Power Industry ◽  
Distribution Networks ◽  
Power Industry ◽  
Regulatory Documents ◽  
Rural Consumers ◽  
Supply Systems

The construction of intelligent power supply systems for rural consumers (microgrids) is a promising concept for the development of the energy infrastructure of agricultural facilities. In the process of designing and operating micro-networks, a large number of technical, organizational and legal issues arise, the correct answer to which affects on the reliability, quality and efficiency of electricity supply to agricultural facilities. The analysis of the documentation regulating these processes is of particular relevance. (Research purpose) The research purpose is in analyzing the documentation regulating the construction and operation of intelligent power supply microgrid systems for rural consumers. (Materials and methods) The article reviews regulatory documents in the field of regulation of the electric power industry, distributed generation facilities, renewable energy sources, and the functioning of retail electricity markets. Authors used the method of system analysis, methods of comparisons and analogies, and expert assessments. (Results and discussion) The article presents the issues of functioning of micro-networks of rural consumers as part of the power system, in retail electricity markets; implementation of technological connection and integration of micro- networks into distribution networks. Authors evaluated the regulatory and technical documents regulating the general technical requirements for the design and operation of micro-networks. Domestic and foreign standards for the connection and parallel operation of micro-networks with distribution networks as part of the power system and special documents on micro-networks has been studied. (Conclusions) The article proposes measures for the development of GOST R based on the European IEC TS 62898-1 «Microgrids», harmonized with the requirements of Russian standards, taking into account the features of the Russian electric power industry and agriculture. The article notes the need to make changes to the Russian network codes to ensure the integration of rural micro-networks. The measures of state support aimed at stimulating the spread of intelligent power supply systems for rural consumers were cited.

Approach to the location of distributed generation sources in the structure of electrical networks

2021 ◽  
pp. 75-86
Author(s):  
A. Gai ◽  
◽  
V. Gulevich ◽  
Keyword(s):  
Electric Power ◽  
Quality Indicators ◽  
Distributed Generation ◽  
Power Supply ◽  
Alternative Energy ◽  
Electric Power Industry ◽  
Energy System ◽  
Electrical Network ◽  
Electrical Networks

Today, the electricity supplier is not able to declare the possible level of quality of electricity supply, and the consumer simply does not have the opportunity to buy such "high-quality" electricity. In such conditions, a differentiated approach to tariff formation is inevitable, which has been implemented in practice today, albeit in its infancy. Further improvement of the tariff-forming mechanism is impossible without creating a "flexible" dependence of the tariff on the quality indicators of the consumer's power supply. Quality indicators, in turn, are based, on the one hand, on the methods and approaches for their determination, and on the other, on statistically reliable data on the elements that make up the equipment in the "generation-consumer" chain. In recent years, there has been a tendency to change the concept of development of the electric power industry, since preference is given to the development of sources of distributed generation. Distributed generation is understood as a source of electrical energy directly connected to the distribution electrical network or connected to it by consumers. Ensuring the socio-economic stability of society and a decent quality of life for the population largely depends on the reliability and efficiency of the functioning of the infrastructure for the supply of fuel and energy resources, in particular, electricity. Excessive losses of electricity during its production, transportation and distribution, as well as an unacceptable level of harmful emissions into the atmosphere, are the cause of interruptions in power supply to consumers and even the threat of systemic accidents in the United Energy System (UPS) of the country. The introduction of alternative energy sources in electric power systems, in addition to reducing the harmful impact on the environment and solving the problems associated with waste pollution during electric power generation, will reduce the use of natural resources and relieve the backbone and distribution power lines. As part of the scientific search, an approach was proposed, which is the basis for calculations to determine the optimal installation locations for sources of distributed generation of an average overhead line. The results obtained are presented in the framework of a joint technical meeting of leading specialists of operating enterprises, the customer and the staff of the Department of Power Supply named after V.M. Sinkova NULES of Ukraine.

scholarly journals Prospects of using new technologies in Russia’s electric power industry to comply with international commitments to reduce CO2 emissions

2018 ◽  
Vol 58 ◽  
pp. 03007
Author(s):  
Alexey Tchemezov ◽  
Elena Chemezova ◽  
Anton Syromyatnikov
Keyword(s):  
Electric Power ◽  
Power Plants ◽  
New Technologies ◽  
Thermal Power ◽  
Electric Power Industry ◽  
Power Industry ◽  
International Commitments ◽  
Russian Region ◽  
Emission Of Greenhouse Gases

This study addresses the methodology of projecting the electric power industry developments, taking into account environmental constraints. I obtained quantitative assessments of long-term electric power industry development in a Russian region, determined the emission of greenhouse gases from fuel combustion at thermal power plants (TPPs), and the efficiency of technologies to reduce greenhouse gas emissions in the electric power industry.

The Elephant in the Room–Gas Turbine Power

2010 ◽  
Vol 132 (12) ◽  
pp. 57-57
Author(s):  
Lee S. Langston
Keyword(s):  
Power Plant ◽  
Electric Power ◽  
Gas Turbine ◽  
Power Plants ◽  
Electrical Power ◽  
Electric Power Industry ◽  
Hydrocarbon Fuel ◽  
Combined Cycle ◽  
Electrical Generator ◽  
Gas Turbine Exhaust

This article presents an overview of gas turbine combined cycle (CCGT) power plants. Modern CCGT power plants are producing electric power as high as half a gigawatt with thermal efficiencies approaching the 60% mark. In a CCGT power plant, the gas turbine is the key player, driving an electrical generator. Heat from the hot gas turbine exhaust is recovered in a heat recovery steam generator, to generate steam, which drives a steam turbine to generate more electrical power. Thus, it is a combined power plant burning one unit of fuel to supply two sources of electrical power. Most of these CCGT plants burn natural gas, which has the lowest carbon content of any other hydrocarbon fuel. Their near 60% thermal efficiencies lower fuel costs by almost half compared to other gas-fired power plants. Their installed capital cost is the lowest in the electric power industry. Moreover, environmental permits, necessary for new plant construction, are much easier to obtain for CCGT power plants.

A Product Dissection-Based Methodology to Benchmark Product Family Design Alternatives

2009 ◽  
Vol 131 (4) ◽  
Author(s):  
Henri J. Thevenot ◽  
Timothy W. Simpson
Keyword(s):  
Product Family ◽  
Cost Savings ◽  
Production Costs ◽  
Manufacturing Cost ◽  
Successful Implementation ◽  
Product Family Design ◽  
Potential Cost ◽  
Product Families ◽  
Product Platforms ◽  
Design Alternatives

Today’s companies are pressured to develop platform-based product families to increase variety, while keeping production costs low. Determining why a platform works, and alternatively why it does not, is an important step in the successful implementation of product families and product platforms in any industry. Internal and competitive benchmarking is essential to obtain knowledge of how successful product families are implemented, thus avoiding potential pitfalls of a poor product platform design strategy. While the two fields of product family design and benchmarking have been growing rapidly lately, we have found few tools that combine the two for product family benchmarking. To address this emerging need, we introduce the product family benchmarking method (PFbenchmark) to assess product family design alternatives (PFDAs) based on commonality/variety tradeoff and cost analysis. The proposed method is based on product family dissection, and utilizes the Comprehensive Metric for Commonality developed in previous work to assess the level of commonality and variety in each PFDA, as well as the corresponding manufacturing cost. The method compares not only (1) existing PFDAs but also (2) the potential cost savings and commonality/variety improvement after redesign using two plots—the commonality/variety plot and the cost plot—enabling more effective comparisons across PFDAs. An example of benchmarking of two families of valves is presented to demonstrate the proposed method.

scholarly journals Prospects for the Development of Renewable Energy in the Crimean Peninsula

2021 ◽  
Vol 24 (4) ◽  
pp. 109-115
Author(s):  
Vyacheslav Valerievich Guryev ◽  
Vladimir Vyacheslavovich Kuvshinov ◽  
Boris Anatolevich Yakimovich
Keyword(s):  
Renewable Energy ◽  
Power System ◽  
Electric Power ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Thermal Power ◽  
Electric Power Industry ◽  
Energy System ◽  
Crimean Peninsula ◽  
The Crimean Peninsula

The Crimean Peninsula is the flagship of the development of renewable energy, as it is not only an actively developing region, but also a resort center. The energy complex of the Crimean Peninsula in recent years has increased due to the construction of new power plants (Balaklava TPP and Tavricheskaya TPP) with a total capacity of 940 MW, as well as the construction of new 220 and 330 kV transmission lines, which ensured that the peninsula’s power supply deficit was covered. A review of the regional development and use of renewable energy sources is carried out. Based on the data obtained, an analysis is made of the problems and prospects for the development of renewable energy in the region. The development of renewable energy for the Crimean Peninsula plays an important role in order to achieve environmental safety and develop the economic potential of the region. The paper substantiates the priority use of renewable energy in the region, as well as the solution of emerging problems with an increase in the share of renewable energy in the total generation. The appearance of excess electricity in the power system and the possibility of balancing the generated power of renewable energy and thermal power plants, while reducing the cost of electricity. Investment attractiveness and active population growth in the region leads to an increase in generating capacity and an increase in the maneuverability of the energy system with a significant impact of RES. The efficiency of renewable energy in the energy system, the world experience in managing renewable energy generation, the actual impact of renewable energy on the energy system in conditions of electricity shortage, and forecast work schedules of the SES wind farm provided by the electric power industry entities in the assigned way are taken into account when forming the dispatch schedule and are accepted at the request of the subject. The available experience of existing SES in the power system of the Republic of Crimea and the city of Sevastopol requires additional research, including through field testing of generating equipment. Further full-scale tests should be carried out under the conditions of a real electric power mode of the power system, which requires the introduction of modern information technologies that ensure the exchange of technological information and the implementation of appropriate control actions. The work is underway to create a regulatory framework for the control of renewable energy source operation.

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