• 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.

• 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.

• 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.

• Environmental and Resource Economics Review
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• v.28 no.1
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• pp.147-176
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• 2019

This paper uses research on the Levelized Cost of Electricity (LCOE) in South Korea to conduct a simulation analysis on the impact of nuclear power dependency and usage rates on the social costs of power generation. We compare the $7^{th}$ basic plan for long-term electricity supply and demand, which was designed to increase nuclear power generation, to the $8^{th}$ basic plan for long-term electricity supply and demand that decreased nuclear power generation and increased renewable energy generation in order to estimate changes in social costs and electricity rates according to the power generation mix. Our environmental generation mix simulation results indicate that social costs may increase by 22% within 10 years while direct generation cost and electricity rates based on generation and other production costs may increase by as much as 22% and 18%, respectively. Thus we confirm that the power generation mix from the $8^{th}$ basic plan for long-term electricity supply and demand compared to the $7^{th}$ plan increases social costs of generation, which include environmental external costs.

• 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.

• Environmental and Resource Economics Review
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• v.28 no.2
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• pp.201-229
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• 2019

This paper estimates the effects of generation mix changes in the $7^{th}$ and $8^{th}$ Basic Plan for Long-term Power Supply and Demand from two aspects: economic efficiency through electricity prices and environmental performance through $CO_2$ and air pollutants(NOx, SOx, PM) emissions. Particularly, we examined additional generation mix conversion paths that take into account the trade-off between economic efficiency and environmental performance through scenario analysis. According to our results, the conversion from the $7^{th}$ plan to the $8^{th}$ plan should increase the electricity prices in the mid- and long-term, while reducing GHG and air pollutants emissions at the same time. The alternative generation mix that combines $7^{th}$ and $8^{th}$ plans shows that there exists a path to mitigate the trade-off between economic and environmental in the long-term. It will be next to impossible to derive a optimal generation mix that simultaneously considers the core values, such as supply stability, environmental performance, economic efficiency, energy safety and energy security, when establishing the power supply and demand plan. However, by exploring the effects of various generation mix paths and suggesting near-optimal paths, people can best choose their direction after weighhing all the paths when deciding on a forward-looking generation mix in the long term.

• Proceedings of the KIEE Conference
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• 2005.07a
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• pp.736-738
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• 2005

For calculating optimal generation composition of The Basic Plan of Long Term Electricity Supply & Demand, the Screening Curve Method that using generation cost for planning is needed. This paper will induce optimal power system ratio included Combined Head and Power and suggest the method for optimal generation composition of The Basic Plan of Long Term Electricity Supply & Demand that considered policy side.

• 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.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.63 no.4
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• pp.455-460
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• 2014

South Korea's power consumption is increasing every year. For stable electric power supply, more generation facilities are needed. But it is not easy to build nuclear power generation facilities, so provision of renewable energy is thought of as the solution. For the system's stable management, practical use of energy storing system is needed. Currently, pumping up electric power station is considered most useful. In this study, we have calculated the least amount of energy storing device by considering the renewable energy, HVDC, and change in power for the appliance of ESS in Jeju system, according to The 6th Basic Plan for Long-term Electricity Supply and Demand. Also we have calculated the amount of the battery and about the load equalizing effect to use battery as power storing device. Finally, we have calculated the reduction of electricity generation and the reduction of $CO_2$ emission with this study.