• Korean Management Science Review
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• v.30 no.1
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• pp.139-148
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• 2013

A nuclear energy has been one of the most important sources to securely supply electricity in South Korea. Its weight in the national electricity supply has kept increasing since the first nuclear reactor was built in 1978. The country relies on the nuclear approximately 31.4% in 2012 and it is expected to increase to 48.5% in 2024 based on the long-term electricity supply plan announced by the Korean government. However, Fukushima disaster due to 9.0 magnitude earthquake followed by the tsunami has raised deep concerns on the security of the nuclear power plants. The policy makers of the country are much interested in analyzing the cost structure of the power supply in the case that the nuclear is diminished from the current supply portion. This research uses a stochastic model that aims to evaluate the long-term power supply plan and provides an extensive cost analysis on the changes of the nuclear power supply. To evaluate a power supply plan, the research develops a few plausible energy mix scenarios by changing the installed capacities of energy sources from the long-term electricity supply plan. The analyses show that the nuclear is still the most attractive energy source since its fuel cost is very much stable compared to the other sources. Also the results demonstrate that a large amount of financial expenditure is additionally required every year if Koreans agree on the reduction of nuclear to increase national security against a nuclear disaster.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.67 no.1
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• pp.16-21
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• 2018

As a result of the Fukushima disaster and climate change due to excessive greenhouse gases, international energy affairs are currently focused on establishing safe and environment-friendly policies. To achieve this, Republic of Korea has established a plan for environment-friendly energy supplies. It is expected that policy enforcement will be accompanied by an increase in energy supply costs. An analysis of energy supply costs is necessary before the establishment of any national energy policy. This paper analyzes and compares the energy supply costs accompanying environmental and nuclear energy policies, based on the Korean National Energy Master Plan and the Basic Plan for Long-Term Electricity Supply and Demand, in order to understand the implications of these national energy policies.

• Proceedings of the KIEE Conference
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• 2005.07a
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• pp.745-747
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• 2005

After restructuring electricity industry, national long term electricity plans moved to "Basic plan of electricity supply and demand" from "Long term power development plan". The main point is a change of path from plan of power development at national level to plan of electricity supply and demand at company level. A proposal by generation company is surveyed and reflected to the basic plan of electricity supply and demand. The second plan shows over 40% reserves in result of the proposals. It is the time to evaluating the proposal which covers market function in the basic plan of electricity supply and demand at the stage of market change. This research presents the need of evaluation of proposals and the methods of evaluation. Also it presents the alternative planning procedure to reflecting the evaluation methods.

• Proceedings of the Korean Institute of IIIuminating and Electrical Installation Engineers Conference
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• 2005.11a
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• pp.129-133
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• 2005

While everyone who uses electric power desires perfect frequency, voltage, stability, and reliability at all times, this cannot be realized in practice. The supplying utility cannot be expected to provide a perfect power supply because many of the causes of power supply disturbances are beyond the control of the utility. The outage happens but due to many reason. The electricity equipment requires consequently the emergency power supply. We classify the subordinate for quick supply of the emergency power supply and must grope the supply plan. We will find out in this paper through the case study about the emergency power efficient operation plan.

• Proceedings of the KIEE Conference
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• 2006.07a
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• pp.418-419
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• 2006

After electricity power industry restructuring, "Long term power development plan", setting up by government, is replaced by "Basic plan of electricity supply and demand". In this basic plan, one of the most important factors is assessment of appropriate capacity margin. The benefit of GENCO is decided by the market price, and the price is largely affected by the level of reserve margin. As a consequence, appropriate reserve margin is determined by market power. However, Cost Based Pool(CBP) is a limited competitive market, and government policy for supply and demand is very important factor or reserve margin determination. This paper points out issues about existing reserve margin assessment method which is used in basic plan and suggests improved assessment method. In the case study, capacity margin is calculated by proposed assessment method and result shows the advantages of suggested method.

• Proceedings of the KIEE Conference
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• 1998.07c
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• pp.1206-1209
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• 1998

For 21th Century, the assignment of power distribution will be the expansion of equipments to supply electric power and harmony with its environment, in process of approving value consciousness of land, space, and the preservation of surroundings. This paper proposes a plan to match with the requirement about equipments, having ability to supply electric power, being harmonized itself with its surroundings by applying a general concept of "Amenity" when we choose an established form of power distribution.

• The Transactions of the Korean Institute of Power Electronics
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• v.27 no.5
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• pp.397-401
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• 2022

The construction of the ITER tokamak machine is ongoing at a 77% process rate to achieve the first plasma in 2025. The 18 sets of power supply systems comprising 400 MVA thyristor AC/DC converters for the superconducting magnets supplied by Korea (KO) are being installed with other systems, such as PF converters (China), DC busbars (Russia), and cooling water systems (India), in two buildings (Europe). The system interfaces have been defined during the design stage, and the systems have been manufactured. However, during the on-site installation work, several installation and integration issues emerged due to the manufacturing tolerance and design mistakes. To continue the installation and testing, the engineers of each system resolved the interface issues, planned the commissioning, and integrated the test plan. This paper describes the on-site installation status and issues and the commissioning plan of KO AC/DC converters.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.55 no.12
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• pp.570-575
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• 2006

This paper develops methodology in order to consider CHP(Combined Heat and Power) capacity in the Basic Plan of Long Term Electricity Supply & Demand. We develop generating cost of CHP considering electric and heat. Also we develop mixed load duration curve which includes the electric load and heat load and then apply CHP capacity to SCM(Screening Curve Method) considering CHP feature. Accordingly, it decide the optimal CHP capacity in the Basic Plan of Long Term Electricity Supply & Demand. Also, We perform the sensitivity analysis according to cost variation.

• Journal of Energy Engineering
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• v.16 no.1 s.49
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• pp.22-31
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• 2007

This paper addresses methodology in order to consider CHP (Combined Heat and Power) capacity in the Basic Plan of Long Term Electricity Supply & Demand and presents effects on it. The method performs state in extent that do not change maximum in the Basic Plan of Long Term Electricity Supply & Demand. For analysis that occurs some advantage this method compares with Basic Plan of Long Term Electricity Supply & Demand. It includes EES (Expected Energy Served), Fuel consumption, amount of $CO_{2}$ emission reduction.

• Environmental and Resource Economics Review
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• v.23 no.4
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• pp.583-615
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• 2014

Including the rolling black out in 2011, Korea has suffered from rapid increase of electricity consumption and demand forecasting failure for last five years. In addition, because of the Fukushima disaster, high fuel prices, and introduction of new generation sources such as renewables, the uncertainty on a power supply strategy increases. Consequently, a stable power supply becomes the new agenda and a revisino of strategy for new power generation sources is needed. In the light of this, we appraises the sixth basic plan for long term electricity demand and supply considering the changes of foreign and domestic conditions. We also simulate a strategy for the new power generation sources using a portfolio analysis method. As results, a diversity of power generation sources will increase and the share of renewable power generation will be surged on the assumptions of a cost reduction of renewable power sources and an increase of fuel costs. Particularly, on the range of a risk level(standard deviation) from 0.06 and 0.09, the efficient frontier has the most various power sources. Besides, the existing power plan is not efficient so that an improvement is needed. Lastly, the development of an electricity storage system and energy management system is necessary to make a stable and efficient power supply condition.