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Journal of the Korean Institute of Illuminating and Electrical Installation Engineers

ISO Journal TitleJ Korean Inst. IIIum. Electr. Install. Eng.
Title Economic Analysis of Energy Storage System for power system in Jeju
Authors Jun-Young Choi ; Jong-Hyun Lee ; Jong-Wook Ahn ; Won-Suk Ko ; Jun-Hee Hong
Page pp.104-109
ISSN 1225-1135
Keywords Energy Storage ; Power System ; Economic Analysis ; Battery System
Abstract In this paper, economic analysis of Energy Storage System for power system is performed. Economic analysis is performed to show the benefits of Energy Storage System. Results illustrate the advantages of Energy Storage System not only acting as an alternative generation resource but also giving a better reliability and stability in power system.