Impacts of a Japan–South Korea power system interconnection on the competitiveness of electric power companies according to power exchange prices

In many regions,international power system interconnections provide economic,energy-security,environmental,and technical benefits.In contrast,such interconnections remain scarce in Northeast Asia.In 2016,after approving a joint memorandum of understanding between major electric power companies from China,Japan,South Korea,and Russia,related initiatives regained momentum in the region.Nevertheless,the corresponding developments in Japan remain limited,mainly owing to the lack of involvement of Japanese electric power companies.This study represents a pioneering attempt to provide an economic assessment based on power exchange prices of a power system interconnection between Japan and South Korea regarding the competitiveness of electric power companies in terms of competitive business segments and strategic consequences.We found that although the position of Japanese generators may slightly deteriorate,that of the supply segment would substantially improve,thus suggesting that more opportunities than threats are derived from the interconnection.This promising outcome may foster the adoption of an interconnection with South Korea considering the positive economic and business perspectives in Japan.Furthermore,realizing the interconnection may improve the energy security and air quality in the region.

Power Exchange Summary of SGCC in 2007

In 2007, State Grid Corporation of China (SGCC) actively executed Implementation Opinions on Deepening Power Institutional Reform during the 11th Five-Year Plan Period and pressed forward three-tier power market construction. Based on regulated and transparent power transactions, SGCC actively enhanced service quality, strived for optimal allocation of electricity in a wider scope. Meanwhile, great achievements have been made in energy-conservation and emission-reduction. This paper briefly introduces three-tier power market construction with market transaction data in 2007, then summarizes and analyzes the characteristics of power trading. Finally, suggestions on further development of power market are tentatively given.

Selection of organic Rankine cycle working fluid based on unit-heat-exchange-area net power

To improve energy conversion efficiency, optimization of the working fluids in organic Rankine cycles(ORCs) was explored in the range of low-temperature heat sources. The concept of unit-heat-exchange-area(UHEA) net power, embodying the cost/performance ratio of an ORC system, was proposed as a new indicator to judge the suitability of ORC working fluids on a given condition. The heat exchange area was computed by an improved evaporator model without fixing the minimum temperature difference between working fluid and hot fluid, and the flow pattern transition during heat exchange was also taken into account. The maximum UHEA net powers obtained show that dry organic fluids are more suitable for ORCs than wet organic fluids to recover low-temperature heat. The organic fluid 1-butene is recommended if the inlet temperature of hot fluid is 353.15-363.15 K or443.15-453.15 K, heptane is more suitable at 373.15-423.15 K, and R245 ca is a good option at 483.15-503.15 K.

The Power of Inter-Party Exchange

THOUGH far away from each other in distance, relations between China and African countries have moved ever closer in recent years. No doubt, inter-party exchange has played an important part in this process. After the founding of the People＇s Republic of China in 1949. the Communist Party of China （CPC）, China＇s ruling Party, has maintained friendly relations with its counterparts in African countries, greatly promoting cooperation in various fields between China and Africa.

Primary Study of Power-Exchanging Trans- action Model Among Price-Varied Power Plants in Practical Conditions

At present, electricity price to grid of domestic power plants is priced by the national administration based on the policy of "one power plant with one electricity price to grid," which is difficult to realize real bidding for access to grid in practice in a short term. This paper presents one kind of power-exchanging transaction model among price-varied power plants, which will be beneficial to price-varied power plants without any loss of profits of them and guarantee state-owned assets profits in minimum loss with no promotion of average price limit by power plants. Under ideal conditions, the computation results showed the sufficiency and necessity of power-exchanging transaction and maximum similarity with the requirements of optimized resources disposition in economics. The presented model is shown to be full of practicability and has been used in some part of power market.

A Comparison of Purchasing Power Parity between China and Japan

In this paper, the difference of income and consumption levels between Chinese and Japanese town dwellers＇ is compared, based on the purchasing power parity of each currency. The results using a historical series of the data and cross section data of the two countries are shown. And whenever the classification of Chinese and Japanese data is inconsistent, we reclassify Chinese material according to the Japanese classification.

Different Options Regarding Power Components in Electric Circuits

This paper describes two methods of representation of voltages and currents in electric circuits： in the vector form and in the shape of oscillations, represented as diagrams in the plane. The appropriate power components are discussed depending on the representation of voltages and currents. Special attention is paid to the instantaneous power peculiarities for diverse loads and non-sinusoidal conditions. A case study of power calculations in an electric circuit with a pluggable capacitor is presented. For these types of transient modes, the instantaneous power is represented in the form of active and reactive components. Calculation of active, reactive, and exchange powers for steady-state processes is presented.

Development of Network Interconnection in China

This paper introduces the current situation of China power industry and interconnection, the necessity to develop interconnection, the principle of nationwide interconnection and the key technologies to be studiedinclude HVDC and FACTS. The paper also discusses thefeasibility of 750 kV to be used in the northwest.regionand to speed up research and development of nighervoltage level in other regions of China, as well as scl-ence and technical innovation for transmission and dis-tribution projects.

Integration of energy recovery network including recycling residual pressure energy with pinch technology

Work exchange is a promising innovative technology in recovering residual pressure energy. However, at the systematic level, the comprehensive utilization of different energy resources in an energy system has become an issue of concern. In this work, a systematic approach is proposed, one that successively integrates heat, work and adjusts operation parameters. A detailed procedure for building a heat-work coupling transfer network is provided. The synthesis mainly consists of constructing a work exchange sub-network with pinch analysis based on positive displacement type work exchangers. Simultaneously, another kind of sub-network based on turbine-type work exchangers is built as a schematic comparison. The influence of applying a positive displacement work exchanger on the system is investigated. Finally, as a case study, a renovation design of a typical rectisol process in the coal-water slurry gasification section of an ammonia plant is presented. The results show that the added work exchanger has little impact on the existing heat exchange sub-network. Moreover,extra pressure energy is recovered by coupling the transfer network. It is concluded that the heat-work systematic design is a promising and powerful method to use energy more efficiently.

Voices

Tang Kai： Don’t Turn Real Estate into a Casino ,Hu Xiaolian：Dont Overestimate the Power of Exchange Rate in Reducing Global Trade Imbalances

Application of CFD-DEM to the study of solid exchange in a dual-leg fluidized bed

The CFD-DEM model was developed to simulate solid exchange behavior between two half beds in a bench-scale two-dimensional dual-leg fluidized bed （DL-FB）. Power spectrum density （PSD） analysis was applied to obtain the dominant frequency （F） of the simulated differential particle number （APLR） between the two half beds. Effects of fluidization velocity （u） and bed material inventory （H） on the solid exchange behavior were studied using the CFD-DEM model. Not only snapshots of the simulated particle flow patterns using the OpenGL code but also the dominant frequency of APLR was similar to the experimental results. The simulation results show that higher fluidization velocity assists the exchange of more particles between the two half beds, but the dispersion of clusters on the bed surface into single particles decreases the cluster exchange frequency. A greater bed material inventory results in more intense cluster exchange. The cluster exchange frequency decreases with an increase of the bed material inventory.