S-Space College of Business Administration/Business School (경영대학/대학원) Institute of Management Research (경영연구소) 경영논집 경영논집 vol.09 (1975)
AN OPRIMIZATION MODEL TO SAVE FUEL ENERGY IN ELECTRICITY GENERATION
- Yoon, Suck-Chul
- Issue Date
- 서울대학교 경영연구소
- 경영논집, Vol.9 No.3, pp. 13-31
- Of late, there has been a sharp increase in the peak electric power load which is attributal to weather-dependent power load. It is this peak load that forces the power generation company to build gas turbine plants that have a low capital cost per KW but high marginal cost per KWH resulting in inefficient use of input fuel energy.
One of the main objectives of this research is to examine the nature of optimality in the use of input fuel energy for electricity generation by shifting the peak power load to off-peak hours via a certain energy storage system such as solar heating in winter, thermal energy (coolness) storage for summer, or the hydroelectric pumped-storage system which is given a serious consideration in Korea today.