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Keywords = Korean electric power system

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30 pages, 15143 KiB  
Article
Comparison of Acceleration Amplification for Seismic Behavior Characteristics Analysis of Electrical Cabinet Model: Experimental and Numerical Study
by Da-Woon Yun, Bub-Gyu Jeon, Sung-Wan Kim, Daegi Hahm and Hong-Pyo Lee
Appl. Sci. 2025, 15(13), 7274; https://doi.org/10.3390/app15137274 - 27 Jun 2025
Viewed by 284
Abstract
Given the critical role of electrical cabinets in the post-earthquake recovery and emergency response of nuclear power plants (NPPs), a comprehensive assessment of their seismic performance is essential to ensure operational safety. This study analyzed seismic behavior by fabricating an electrical cabinet model [...] Read more.
Given the critical role of electrical cabinets in the post-earthquake recovery and emergency response of nuclear power plants (NPPs), a comprehensive assessment of their seismic performance is essential to ensure operational safety. This study analyzed seismic behavior by fabricating an electrical cabinet model based on the dynamic characteristics and field surveys of equipment installed in a Korean-type NPP. A shaking table test with simultaneous tri-axial excitation was conducted, incrementally increasing the seismic motion until damage was observed. A numerical model was then developed based on the experimental results, followed by a seismic response analysis and comparison of results. The findings verified that assuming fixed anchorage conditions in the numerical model may significantly overestimate seismic performance, as it fails to account for the nonlinear behavior of the anchorage system, as well as the superposition between global and local modes caused by cabinet rocking and impact under strong seismic loading. Furthermore, damage and impact at the anchorage amplified acceleration responses, significantly affecting the high-frequency range and the vertical behavior, leading to substantial amplification of the in-cabinet response spectrum. Full article
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16 pages, 3871 KiB  
Article
Economic Analysis of Biofuel Production in Agrophotovoltaic Systems Using Building-Integrated Photovoltaics in South Korea
by Youngjin Kim and Sojung Kim
Energies 2025, 18(8), 1949; https://doi.org/10.3390/en18081949 - 11 Apr 2025
Viewed by 525
Abstract
Agrophotovoltaic (APV) systems represent innovative agricultural farms and solar power plants, capable of producing electricity and crops simultaneously. Since the solar radiation required to optimize harvests varies by crop type, traditional PV panels face challenges in efficiently adjusting the shading ratio of APV [...] Read more.
Agrophotovoltaic (APV) systems represent innovative agricultural farms and solar power plants, capable of producing electricity and crops simultaneously. Since the solar radiation required to optimize harvests varies by crop type, traditional PV panels face challenges in efficiently adjusting the shading ratio of APV systems. This study evaluates the economic viability of APV systems integrated with building-integrated photovoltaic (BIPV) systems for biofuel production. Specifically, it assesses the production forecast for corn-based biofuel—demand for which is rising due to the mixed-fuel use policy of the Korean government—and the economic feasibility of production in the APV system enhanced by BIPV integration (i.e., the APV–BIPV system). To this end, LCOE (levelized cost of energy) and NPV (net present value) are employed as performance indicators. Additionally, yield data from corn and corn stover harvested in actual APV facilities are utilized to predict bioenergy production. Consequently, the study will analyze the impact of renewable energy production from the proposed APV–BIPV system on achieving the Korean government’s renewable energy production goals and will provide guidelines on the potential benefits for farmers involved in renewable energy production and energy crop harvesting. Full article
(This article belongs to the Section A: Sustainable Energy)
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18 pages, 1704 KiB  
Article
Effects of Barley (Hordeum vulgare L.) on Antioxidant Activities of Maillard Reaction Products and Consumer Acceptance of Barley Nurungji, Traditional Korean Snack
by Yerim Jeong and Il Sook Choi
Foods 2025, 14(4), 655; https://doi.org/10.3390/foods14040655 - 15 Feb 2025
Viewed by 742
Abstract
This study evaluated the physicochemical characteristics, antioxidant properties, and consumer acceptance of a traditional Korean snack nurungji blended with barley (Hordeum vulgare L.). The antioxidant activity of β-glucan was identified in barley using a model Maillard reaction products (MRPs) system. Nurungji [...] Read more.
This study evaluated the physicochemical characteristics, antioxidant properties, and consumer acceptance of a traditional Korean snack nurungji blended with barley (Hordeum vulgare L.). The antioxidant activity of β-glucan was identified in barley using a model Maillard reaction products (MRPs) system. Nurungji samples were analyzed based on barley cultivars (waxy and hulled), barley blending ratios (0, 25, 50, 75, and 100), and cooking equipment (electric and electric pressure rice cooker). Nurungji blended with waxy barley and cooked using an electric pressure rice cooker showed a significant increase in antioxidant properties, such as 2,2-diphenyl-1-picrylhydrazyl and 2,2′-azinobis-(3-ethylbenzothiazoline-6-sulfonic acid) radical scavenging activities, ferric reducing antioxidant power, and reducing power. The antioxidant activity of the model MRP solutions increased according to heating time and the addition of β-glucan. In the consumer acceptance test, nurungji blended with 50% barley showed a significantly higher acceptance rate in terms of overall evaluation, aroma, taste, texture, aftertaste, and purchase intents. Full article
(This article belongs to the Section Food Physics and (Bio)Chemistry)
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32 pages, 6854 KiB  
Article
Quantifying the Impact and Policy Implications of Transitioning to Zonal and Nodal Pricing in the Electricity Market: A South Korean Case Study
by Kyuhyeong Kwag, Hansol Shin, Hyobin Oh, Hyeongseok Yun, Hyojeong Yoon and Wook Kim
Appl. Sci. 2025, 15(2), 716; https://doi.org/10.3390/app15020716 - 13 Jan 2025
Cited by 1 | Viewed by 2118
Abstract
Electricity markets are transitioning to zonal and nodal pricing to maximize social welfare, improve price signals, and enhance congestion management. South Korea, traditionally reliant on uniform pricing, is evaluating this transition but lacks a detailed impact analysis. This study assessed the impacts of [...] Read more.
Electricity markets are transitioning to zonal and nodal pricing to maximize social welfare, improve price signals, and enhance congestion management. South Korea, traditionally reliant on uniform pricing, is evaluating this transition but lacks a detailed impact analysis. This study assessed the impacts of various zonal and nodal pricing schemes on power systems and provided policy implications for this transition. We (1) modeled the power system at various levels of granularity, obtaining a detailed 4579-node representation; (2) constructed a set of zonal and nodal pricing schemes reflecting changes in market-clearing models and pricing mechanisms; and (3) performed quantitative analyses through simulations for each scheme. Under the current system marginal price (SMP)-based uniform pricing, the schemes with the least market impact are SMP-based zonal pricing with two bidding zones and extended locational marginal pricing. These results can guide the development of an appropriate pricing transition pathway, although a market price reduction of 4.8–7.0% appears inevitable. Within the Korean electricity market, wherein a Transco is a monopoly retailer, we identified potential conflicts of interest for the Transco in zonal and nodal pricing. By focusing on South Korea, this study offers valuable insights into any electricity market considering the transition to zonal and nodal pricing. Full article
(This article belongs to the Special Issue New Insights into Power Systems)
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13 pages, 2614 KiB  
Article
Refinement of Recloser Operation and Safety Enhancement in Distribution Systems: A Study Based on Real Data
by Geonho Kim, Tae-Hwan Kim and Jun-Hyeok Kim
Energies 2024, 17(22), 5700; https://doi.org/10.3390/en17225700 - 14 Nov 2024
Cited by 1 | Viewed by 854
Abstract
This study analyzes recloser operation in the South Korean distribution system to propose effective operational strategies for improving safety and efficiency. This research is based on actual data, such as recloser operation data and fault statistics provided by the Ministry of the Interior [...] Read more.
This study analyzes recloser operation in the South Korean distribution system to propose effective operational strategies for improving safety and efficiency. This research is based on actual data, such as recloser operation data and fault statistics provided by the Ministry of the Interior and Safety and the Korea Electric Power Corporation, without the use of simulation tools or experiments. Key operational elements, such as reclosure counts, sequence settings, and high-current interruption features, were analyzed. First, an analysis of reclosure counts revealed that over 73% of faults were cleared after the first reclosure, and when the second reclosure was included, more than 90% were successfully restored. This finding suggests that reducing the number of reclosures from the standard three to one or two would not significantly impact fault restoration performance while simultaneously reducing arc generation, thereby improving safety. Additionally, a review of recloser sequence settings highlighted the fact that the traditional 2F2D (two fast, two delayed) sequence often led to frequent instantaneous tripping, increasing the risk of arc generation. The 1F1D (one fast, one delayed) sequence, which applies a delayed trip after an initial fast trip, offers a better fault-clearing performance and reduces the risk of arc generation. Lastly, an analysis of the high-current interruption feature suggested that enabling this function for faults with low reclosing success rates, particularly in cases of short-circuit faults, and setting an immediate trip threshold for fault currents exceeding 3 kA would enhance both safety and efficiency. This operational strategy was implemented in the South Korean distribution system over a three-year period, starting in 2021. While there was a 2.1% decrease in reclosure success rates, this strategy demonstrated that similar success levels could be maintained while reducing the number of reclosures, thus mitigating equipment damage risks and improving safety measures. The refined recloser operation plan derived from this study is expected to enhance the overall stability and reliability of distribution systems. Full article
(This article belongs to the Section F1: Electrical Power System)
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19 pages, 4295 KiB  
Article
An Analysis of the Effects of Renewable Energy Intermittency on the 2030 Korean Electricity Market
by Insu Do, Siyoung Lee, Gab-Su Seo and Sungsoo Kim
Energies 2023, 16(10), 4189; https://doi.org/10.3390/en16104189 - 18 May 2023
Cited by 5 | Viewed by 2010
Abstract
Republic of Korea has unique geographical characteristics similar to those of an island, resulting in an isolated power system. For this reason, securing sufficient operating reserves for the system’s stability and reliability in the face of the intermittency of increasing variable renewable energy [...] Read more.
Republic of Korea has unique geographical characteristics similar to those of an island, resulting in an isolated power system. For this reason, securing sufficient operating reserves for the system’s stability and reliability in the face of the intermittency of increasing variable renewable energy (VRE) is paramount, and this will pave the way to achieving the nation’s decarbonization target and carbon neutrality. However, the current reserve-operation method in Republic of Korea does not take into account energy-system conditions, such as the intermittency of the VRE. Therefore, this paper presents an analysis of the impact of changes in reserve-operation methods on the electricity market in the future Republic of Korean power system, with the increased levels of VRE that are currently envisioned. Specifically, three reserve-operation methods, including Korea’s current reserve-power-operation standards, were applied to the two power-system plans announced by the Korean government to analyze the annual generator operation and costs. The analysis results show that securing reserves proportional to the VRE would exert negative effects, such as increased power-generation costs and the curtailment of nuclear and VRE generation. These results can contribute to the estimation of operational reserves needed for high levels of VRE and to the design of new the Korean reserve market, to be introduced in 2025. Full article
(This article belongs to the Section F5: Artificial Intelligence and Smart Energy)
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23 pages, 8712 KiB  
Article
System-Level Consideration and Multiphysics Design of Propulsion Motor for Fully Electrified Battery Powered Car Ferry Propulsion System
by Vu-Khanh Tran, Sarbajit Paul, Jae-Woon Lee, Jae-Hak Choi, Pil-Wan Han and Yon-Do Chun
Electronics 2023, 12(6), 1491; https://doi.org/10.3390/electronics12061491 - 22 Mar 2023
Cited by 2 | Viewed by 2996
Abstract
The Korean government is facing growing concern over the increasing levels of fine dust. A significant contribution to this problem comes from coastal vessels. To mitigate this, an electric ship propulsion system has been proposed as a solution to reduce air pollution. The [...] Read more.
The Korean government is facing growing concern over the increasing levels of fine dust. A significant contribution to this problem comes from coastal vessels. To mitigate this, an electric ship propulsion system has been proposed as a solution to reduce air pollution. The application of a fully electric propulsion system in a ship is challenging due to size, capacity limitations, and the cost investment of the battery system. To address the challenges of battery limitation and initial investment costs, the development and supply of removable battery supply systems (RBSSs) for fully electrified battery powered (F-EBP) car ferries are studied. A permanent magnet synchronous motor (PMSM) for the F-EBP car ferry using a roll-on/roll-off-type RBSS is developed in this work. Firstly, the concept of the F-EBP car ferry is discussed, and the specifications of the electric car ferry propulsion system are provided. Secondly, motor design and electromagnetic analysis are performed using finite-element analysis (FEA), where the heat sources including copper loss, core loss, and PM loss are calculated. Mechanical loss is also considered. Finally, a thermal network of the motor is built considering the lumped-parameter model. The results of the thermal analysis indicate that the motor operates within the safe region and can perform well in rated working conditions. Full article
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17 pages, 1673 KiB  
Article
Analysis of Consumer Willingness to Pay for Community Solar Business Using Contingent Valuation Method
by Kyu-Won Hwang, Jaekyun Ahn and Chul-Yong Lee
Sustainability 2023, 15(6), 5029; https://doi.org/10.3390/su15065029 - 12 Mar 2023
Cited by 4 | Viewed by 3103
Abstract
Electricity production using renewable energy instead of fossil-fuel-based energy sources has been expanding worldwide. Recently, the South Korean government has set a transition from a government and power company-led energy system to a public-participatory energy system as a basic policy direction in terms [...] Read more.
Electricity production using renewable energy instead of fossil-fuel-based energy sources has been expanding worldwide. Recently, the South Korean government has set a transition from a government and power company-led energy system to a public-participatory energy system as a basic policy direction in terms of power production. It has been actively providing budgetary and institutional support. A comprehensive understanding of the consumer (public)-oriented preferences of potential business participants is crucial for implementing a successful community solar business. This study analyzes the preferences of potential participants in the community solar business from the perspective of policymakers to derive policy implications. We used the contingent valuation method of the stated preference approach targeting potential participants (public) to create a hypothetical market for community solar businesses and measured the value by inducing survey respondents to trade for goods or services. The monthly average willingness-to-pay was estimated to be 25,572 won (USD 21.90), and gender, photovoltaic business experience, and income were the main influencing factors. Based on the results of this study, the preferences of potential consumers in South Korea were analyzed to contribute to the effectiveness of the national energy policy. Full article
(This article belongs to the Special Issue Perspectives on Community Engagement in Energy Transition)
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27 pages, 10645 KiB  
Article
A Comprehensive Study of Cyber Attack Mitigation with the Exchange of Frequency Containment Reserves Control in a Multi-Infeed Direct Current Power System
by Umar Fitra Ramadhan, Jaehyeong Lee and Minhan Yoon
Sensors 2023, 23(4), 1964; https://doi.org/10.3390/s23041964 - 9 Feb 2023
Cited by 3 | Viewed by 2947
Abstract
By 2040, the Korean government aims for a penetration rate of 30–35% of the total power from renewable sources. Due to a lack of inertia, particularly in remote systems such as those on Jeju Island, these circumstances will reduce network stability. To maintain [...] Read more.
By 2040, the Korean government aims for a penetration rate of 30–35% of the total power from renewable sources. Due to a lack of inertia, particularly in remote systems such as those on Jeju Island, these circumstances will reduce network stability. To maintain the diversity and unpredictability of RES penetration, HVDC systems with an exchange of frequency containment reserve control are utilized. An exchange of frequency containment reserves control (E-FCR) is one of the balancing arrangement concepts of HVDC systems. However, the development of E-FCR concepts is vulnerable to cyber attacks because this concept only considers one wide-area measurement for data exchange. This study established a simultaneous cyber attack operation, i.e., an attack was set at the same time as a contingency operation that affects the balancing arrangement between two regions. Multiple possibilities of cyber attack and mitigation operations were suggested according to their ability to access information in the MIDC system. Then, a cyber detection strategy was proposed through a normalized correlation concept to activate mitigation control that could enhance the frequency stability by adjusting the value of the ramp-rate deviation between two HVDC types. By simulating the Korean power system model that was implemented in PSS/E, along with a Python script, simulation results demonstrated that a cyber attack on missing data can cause severe low-frequency nadir responses, and the proposed methodology can practically detect and mitigate cyber attacks. Full article
(This article belongs to the Special Issue Advanced Sensing and Control Technologies in Power Electronics)
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20 pages, 3083 KiB  
Article
A Preference Analysis for a Peer-to-Peer (P2P) Electricity Trading Platform in South Korea
by Dmitriy Li, Jeong-Hwan Bae and Meenakshi Rishi
Energies 2022, 15(21), 7973; https://doi.org/10.3390/en15217973 - 27 Oct 2022
Cited by 6 | Viewed by 3102
Abstract
The Korean government is committed to advance the country’s energy transition to greener energy by increasing the share of renewable electricity to 20 percent by 2030 and to 30–35 percent by 2040. Achieving these goals will necessitate flexibility in energy markets as well [...] Read more.
The Korean government is committed to advance the country’s energy transition to greener energy by increasing the share of renewable electricity to 20 percent by 2030 and to 30–35 percent by 2040. Achieving these goals will necessitate flexibility in energy markets as well as innovative business models and technological solutions. Peer-to-peer (P2P) electricity trading platforms (ETPs) are rapidly gaining traction, as they enable the integration of distributed energy sources into power systems. This study explores whether South Koreans are willing to participate in a hypothetical P2P ETP, which allows prosumers (who both consume and produce electricity) to trade electricity surpluses with their neighbours or with KEPCO (Korea Electric Power Corporation). We employ a choice experiment (CE) to examine respondent heterogeneous preferences and their willingness to pay (WTP) for a hypothetical P2P ETP in South Korea. Our findings indicate that two-thirds of total respondents in our CE are in favour of a P2P ETP if available. Cost savings and security play an essential role in respondent preferences for a P2P ETP business model. Respondents also prefer to trade renewable electricity with KEPCO rather than with other individuals. Per our statistical estimations, respondent WTP for a P2P ETP was estimated at USD 55.68/per month. Our analysis strongly recommends increasing consumer awareness of P2P ETPs to spur adoption. Energy trading platforms that are anchored in secure block chain technology can generate cost savings as well as support the country’s policy tilt toward green energy. Full article
(This article belongs to the Special Issue Willingness to Pay Studies and Energy Use)
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27 pages, 8549 KiB  
Article
A Comprehensive Study of HVDC Link with Reserve Operation Control in a Multi-Infeed Direct Current Power System
by Umar Fitra Ramadhan, Jaewan Suh, Sungchul Hwang, Jaehyeong Lee and Minhan Yoon
Sustainability 2022, 14(10), 6091; https://doi.org/10.3390/su14106091 - 17 May 2022
Cited by 6 | Viewed by 3135
Abstract
The Korean government is targeting the development of a renewable energy penetration of 30–35% by 2040 of the total generation. These conditions will decrease network stability due to a lack of inertia, especially in isolated systems, such as Jeju Island. HVDC systems with [...] Read more.
The Korean government is targeting the development of a renewable energy penetration of 30–35% by 2040 of the total generation. These conditions will decrease network stability due to a lack of inertia, especially in isolated systems, such as Jeju Island. HVDC systems with several balancing arrangements of reserve operation are used to maintain variability and uncontrollability of RES penetration. This paper presents the fast frequency reserves of HVDC control systems for frequency stability enhancement in the isolated power system by using a combined frequency containment process with grid stability standards. A new MIDC reserve operation control with angle and voltage deviation at the bus converter was developed to provide a faster and more appropriate balancing arrangement compared to the other concept. In addition, two layers of energy and transfer-capacity flexibility were considered to prevent the need to hunt for that balancing arrangement, as well as low nadir frequency, unavailability of the reserve and other constraints caused by each region having a different network size, HVDC interconnection capacity, and type. The proposed control schemes were verified by simulations on the Korean power system model implemented in PSS/E for different sizes of disturbance. Full article
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15 pages, 1155 KiB  
Article
Optimization of Solar/Fuel Cell Hybrid Energy System Using the Combinatorial Dynamic Encoding Algorithm for Searches (cDEAS)
by Jong-Wook Kim, Heungju Ahn, Hyeon Cheol Seo and Sang Cheol Lee
Energies 2022, 15(8), 2779; https://doi.org/10.3390/en15082779 - 10 Apr 2022
Cited by 6 | Viewed by 2554
Abstract
This study proposes a computational design method for determining a hybrid power system’s sizing and ratio values that combines the national electric, solar cell, and fuel cell power sources. The inequality constraints associated with the ranges of power storage exchange and the stored [...] Read more.
This study proposes a computational design method for determining a hybrid power system’s sizing and ratio values that combines the national electric, solar cell, and fuel cell power sources. The inequality constraints associated with the ranges of power storage exchange and the stored energy are reflected as penalty functions in the overall cost function to be minimized. Using the energy hub model and the actual data for the solar cell power and the load of the residential sector in one Korean city for one hundred days, we optimize the ratio of fuel cell energy and solar cell energy to 0.46:0.54 through our proposed approach. We achieve an average cost-reduction effect of 19.35% compared to the cases in which the fuel-cell energy ratio is set from 0.1 to 0.9 in 0.1 steps. To optimize the sizing and the ratio of fuel-cell energy in the hybrid power system, we propose the modified version of the univariate dynamic encoding algorithm for searches (uDEAS) as a novel optimization method. The proposed novel approaches can be applied directly to any place to optimize an energy hub system model comprising three power sources, i.e., solar power, fuel cell, and power utility. Full article
(This article belongs to the Collection Renewable Energy and Energy Storage Systems)
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16 pages, 5642 KiB  
Article
A Study on Frequency Stability and Primary Frequency Response of the Korean Electric Power System Considering the High Penetration of Wind Power
by SungHoon Lim, Taewan Kim, Kipo Yoon, DongHee Choi and Jung-Wook Park
Energies 2022, 15(5), 1784; https://doi.org/10.3390/en15051784 - 28 Feb 2022
Cited by 3 | Viewed by 2910
Abstract
The high penetration of wind power decreases the system inertia and primary frequency reserve while replacing the conventional synchronous generators (SGs). Therefore, if the system operator does not take appropriate action on the remaining generation units (GUs) operation, high penetration of wind power [...] Read more.
The high penetration of wind power decreases the system inertia and primary frequency reserve while replacing the conventional synchronous generators (SGs). Therefore, if the system operator does not take appropriate action on the remaining generation units (GUs) operation, high penetration of wind power will aggravate the frequency stability. To solve this problem, wind power plants (WPPs) may provide the inertial response and primary frequency response (PFR) to support the frequency stability. However, due to the variability of renewable energy, WPPs may not provide adequate frequency response whenever it is required. This paper proposes an algorithm to determine the operation of GUs to provide appropriate PFR for a power system with high penetration of wind power. Through the proposed algorithm, it calculates the required PFR to restore the decreased frequency stability caused by the high penetration of wind power. Then, while considering the available PFR from WPPs, it redetermines the droop coefficient of SGs governor to provide the sufficient PFR to recover the frequency stability. Finally, the effectiveness of the proposed algorithm is verified on the practical Korean electric power system. Full article
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11 pages, 13560 KiB  
Article
Case Study of Load Matching and Energy Cost for Net-Zero Energy Houses in Korea
by Hee-Won Lim, Ji-Hyeon Kim, Hyeun-Seung Lee and U-Cheul Shin
Energies 2021, 14(19), 6407; https://doi.org/10.3390/en14196407 - 7 Oct 2021
Cited by 4 | Viewed by 2457
Abstract
Over the past 20 years, net-zero energy house (NZEH) construction costs have steadily decreased because of many reasons, such as technical progress, energy-saving design obligations, and dramatic cost reductions in renewable energy systems, especially solar power systems. Currently, the costs of NZEH are [...] Read more.
Over the past 20 years, net-zero energy house (NZEH) construction costs have steadily decreased because of many reasons, such as technical progress, energy-saving design obligations, and dramatic cost reductions in renewable energy systems, especially solar power systems. Currently, the costs of NZEH are estimated to be about 5% higher than similar-sized houses. These additional costs are mainly for installing PV systems, which can be offset by energy saving costs. This study assessed energy performance and load matching through remote monitoring systems, and energy costs were analyzed for two-family houses. The two houses were all-electric houses and different in both size and location. A 6 kWp grid-connected PV system and 16 kW air source heat pump for space heating and domestic hot water were equally implemented. After data analysis, 100% of the energies were supplied through the PV system for 3 years, thus achieving net-zero energy. According to the Korean residential electricity tariff system, the annual electricity charges were, on average, between USD 105.1 and USD 121.4 after adding demand charges and value-added tax for import electricity charges. The energy cost reduction rate, compared to the same house without a PV system, was about 95%, and the simple payback period of the 6 kW PV system in NZEH was about 6 years. In addition, the annual load cover factor and supply cover factor as load-match indices between electricity generation and the load were in a range of 0.39–0.49 and 0.37–0.42, respectively. Full article
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12 pages, 2721 KiB  
Article
Load Profile-Based Residential Customer Segmentation for Analyzing Customer Preferred Time-of-Use (TOU) Tariffs
by Minseok Jang, Hyun-Cheol Jeong, Taegon Kim and Sung-Kwan Joo
Energies 2021, 14(19), 6130; https://doi.org/10.3390/en14196130 - 26 Sep 2021
Cited by 23 | Viewed by 4668
Abstract
Smart meters and dynamic pricing are key factors in implementing a smart grid. Dynamic pricing is one of the demand-side management methods that can shift demand from on-peak to off-peak. Furthermore, dynamic pricing can help utilities reduce the investment cost of a power [...] Read more.
Smart meters and dynamic pricing are key factors in implementing a smart grid. Dynamic pricing is one of the demand-side management methods that can shift demand from on-peak to off-peak. Furthermore, dynamic pricing can help utilities reduce the investment cost of a power system by charging different prices at different times according to system load profile. On the other hand, a dynamic pricing strategy that can satisfy residential customers is required from the customer’s perspective. Residential load profiles can be used to comprehend residential customers’ preferences for electricity tariffs. In this study, in order to analyze the preference for time-of-use (TOU) rates of Korean residential customers through residential electricity consumption data, a representative load profile for each customer can be found by utilizing the hourly consumption of median. In the feature extraction stage, six features that can explain the customer’s daily usage patterns are extracted from the representative load profile. Korean residential load profiles are clustered into four groups using a Gaussian mixture model (GMM) with Bayesian information criterion (BIC), which helps find the optimal number of groups, in the clustering stage. Furthermore, a choice experiment (CE) is performed to identify Korean residential customers’ preferences for TOU with selected attributes. A mixed logit model with a Bayesian approach is used to estimate each group’s customer preference for attributes of a time-of-use (TOU) tariff. Finally, a TOU tariff for each group’s load profile is recommended using the estimated part-worth. Full article
(This article belongs to the Collection Feature Papers in Smart Grids and Microgrids)
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