Deok-Joo Lee

For several years recently, the price of oil has fluctuated due to the weak US dollar and financial risks. In particular, the WTI crude oil price reached $147 per barrel in July of 2008, which is the highest price thus far. An awareness of an impending crisis and concern over climate change are driving an increase in R&D for alternative energy sources instead of fossil-based energy. However, the researches based on traditional method show negative options about the economic value of new and rene

A carbon market was introduced for the first time in January 2005, when the EU assigned carbon emission allowances to approximately 15,000 enterprises in 25 countries and established a market for emissions trading. In Korea, the carbon emission trading system started from January 2015 with three phases running up to 2025. As many countries have introduced carbon markets, new evaluation models that consider not only fossil energy prices but also carbon emission costs are necessary because additio

Peer-to-Peer (P2P) energy trading between Interconnected Micro-Grids (IMGs) presents a promising approach for enhancing the economic advantages for prosumers while mitigating supply–demand imbalances within individual Micro-Grids (MGs). This paper proposes a trustful double auction mechanism for P2P energy trading among prosumers in IMGs, structured into two distinct stages. Initially, concurrent auctions are conducted within each MG to facilitate intra-grid trading, followed by subsequent aucti