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Cost-Benefit Analysis for Industrial Customers-Installed Energy Storage System in South Korea
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dc.contributor.authorLee, Wonjun-
dc.contributor.authorJung, Jaesung-
dc.contributor.authorKang, Byung O.-
dc.date.issued2018-09-18-
dc.identifier.urihttps://aurora.ajou.ac.kr/handle/2018.oak/36297-
dc.identifier.urihttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85055552825&origin=inward-
dc.description.abstractThis paper performs the cost-benefit analysis when the industrial customer installs Energy Storage System (ESS) in South Korea. Firstly, present government's policies and compensation rules for ESS in South Korea are introduced. Then, ESS operation for self-consumption of industrial customers is proposed to maximize the saving of electricity charge with ESS. Actual industry demand profiles are used to verify the effectiveness of the proposed ESS operation and estimate the electricity charge savings. In addition, the cost-benefit analysis is performed to determine if the installation of ESS is beneficial.-
dc.description.sponsorshipThe This work was supported by the Korea Institute of Energy Technology Evaluation and Planning (KETEP) and the Ministry of Trade, Industry & Energy (MOTIE) of the Republic of Korea (No. 20162010103780)-
dc.language.isoeng-
dc.publisherInstitute of Electrical and Electronics Engineers Inc.-
dc.subject.meshArbitrage-
dc.subject.meshEnergy storage systems-
dc.subject.meshESS Exclusive Rate system-
dc.subject.meshIndustrial customer-
dc.subject.meshPeak shaving-
dc.subject.meshSelf- consumption-
dc.subject.meshSouth Korea-
dc.titleCost-Benefit Analysis for Industrial Customers-Installed Energy Storage System in South Korea-
dc.typeConference-
dc.citation.conferenceDate2018.5.22. ~ 2018.5.25.-
dc.citation.conferenceName2018 International Conference on Innovative Smart Grid Technologies, ISGT Asia 2018-
dc.citation.editionInternational Conference on Innovative Smart Grid Technologies, ISGT Asia 2018-
dc.citation.endPage474-
dc.citation.startPage470-
dc.citation.titleInternational Conference on Innovative Smart Grid Technologies, ISGT Asia 2018-
dc.identifier.bibliographicCitationInternational Conference on Innovative Smart Grid Technologies, ISGT Asia 2018, pp.470-474-
dc.identifier.doi10.1109/isgt-asia.2018.8467716-
dc.identifier.scopusid2-s2.0-85055552825-
dc.identifier.urlhttp://ieeexplore.ieee.org/xpl/mostRecentIssue.jsp?punumber=8450265-
dc.subject.keywordArbitrage-
dc.subject.keywordCost-Benefit Analysis-
dc.subject.keywordEnergy Storage System (ESS)-
dc.subject.keywordESS Exclusive Rate system-
dc.subject.keywordPeak Shaving-
dc.type.otherConference Paper-
dc.description.isoafalse-
dc.subject.subareaArtificial Intelligence-
dc.subject.subareaComputer Networks and Communications-
dc.subject.subareaEnergy Engineering and Power Technology-
dc.subject.subareaRenewable Energy, Sustainability and the Environment-
dc.subject.subareaElectrical and Electronic Engineering-
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