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http://dx.doi.org/10.4218/etrij.15.2314.0059

Generation Expansion Planning Model Supporting Diverse Environmental Policies for Reduction of Greenhouse Gases  

Lee, Jeong-In (IT Convergence Technology Research Laboratory, ETRI)
Lee, Il-Woo (IT Convergence Technology Research Laboratory, ETRI)
Kim, Bal-Ho (Department of Electronic and Electrical Engineering, Hongik University)
Publication Information
ETRI Journal / v.37, no.2, 2015 , pp. 295-305 More about this Journal
Abstract
The purpose of this paper is to a develop model for generation expansion planning that can support diverse environmental policies for the reduction of greenhouse gases (GHGs) of South Korea. South Korea is required to reduce its GHG emissions by 30% from the BAU level by 2020. The Wien Automatic System Planning Package currently used in South Korea has limitations in terms of the application of renewable energy policies and GHG targets; this paper proposes the use of an equipment planning model named generation and transmission expansion program, which has been developed to resolve such limitations. For verification of the model, a case study on the 6th Basic Plan of Long-Term Electricity Supply and Demand has been conducted. The results show that for the year 2020 South Korea's annual GHG emissions will be 36.6% more than the GHG Target Management System (GHG TMS) target set for the same year (30%). To achieve the GHG TMS target, the costs involved amount to about 72 trillion KRW (70 billion USD). Consequently, the South Korean government needs to review the performability of this target.
Keywords
Generation expansion planning; renewable energy; greenhouse gas emission; environmental policies;
Citations & Related Records
Times Cited By KSCI : 5  (Citation Analysis)
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