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http://dx.doi.org/10.5370/KIEE.2018.67.2.173

Scenario Analysis of Low-Carbon Generation Mix Considering Social Costs  

Park, Jong-Bae (Dept. of Electrical Engineering, Konkuk University)
Cho, Young-Tak (Dept of Economics, Hanbat National University)
Roh, Jae Hyung (Dept. of Electrical Engineering, Konkuk University)
Publication Information
The Transactions of The Korean Institute of Electrical Engineers / v.67, no.2, 2018 , pp. 173-178 More about this Journal
Abstract
This study organizes scenarios on the power supply and demand plans considering the uncertainties and the portion of distributed energy resources. In analysing the scenarios, it estimates total electricity supply cost in the social aspect, natural gas demand and air pollutants emission including carbon dioxide. Also the analysis is performed to estimate the marginal cost of carbon dioxide reduction for the fuel switching from coal to liquified natural gas. In result, the social cost could be decreased by replacing some portion of renewable energy by LNG-based combined heat and power and delaying the construction of large base-load generators such as coal and nuclear plants. The marginal carbon dioxide reduction cost by fuel switching is in plausible range for fuel switching to be an option for carbon dioxide emission reduction when the social cost is considered.
Keywords
Power supply and demand plan; Scenario analysis; Carbon; Distributed energy resource; Renewable energy; Social cost;
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