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Journal Article Generation Expansion Planning Model Supporting Diverse Environmental Policies for Reduction of Greenhouse Gases
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Authors
Jeong-In Lee, Il-Woo Lee, Bal-Ho Kim
Issue Date
2015-04
Citation
ETRI Journal, v.37, no.2, pp.295-305
ISSN
1225-6463
Publisher
한국전자통신연구원 (ETRI)
Language
English
Type
Journal Article
DOI
https://dx.doi.org/10.4218/etrij.15.2314.0059
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.
KSP Keywords
Application of renewable energy, Automatic system, Case studies, Electricity supply, GHG emission, Generation and transmission expansion, Management system, Planning Model, Renewable energy policies, South Korea, Supply and demand