Power generation and transmission capacity expansion planning considering renewable energy and emissions policies in South Korea

IF 3.8 3区经济学 Q3 ENERGY & FUELS

Utilities Policy Pub Date : 2025-03-24 DOI:10.1016/j.jup.2025.101927

Agus Sanjaya, Bongju Jeong, Tianyuan Xu

引用次数: 0

Abstract

The growth in energy consumption necessitates long-term power generation and transmission expansion planning. Given the government's goal of increasing the role of renewable energy and decreasing carbon emissions through renewable portfolio standards and carbon emissions trading policies, expansion planning considering the operational structure of these two policies should be applied. To that end, an optimization model was built and applied in South Korea. By solving the nominated optimization problem, the optimal power generation and transmission capacity plan, optimal transmission layout, RE ratio, and carbon emissions rate are determined as the model results. The integrated efficiency of renewable portfolio standards and the emissions trading scheme is revealed through extensive experiments.

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来源期刊

Utilities Policy ENERGY & FUELS-ENVIRONMENTAL SCIENCES

CiteScore

6.80

自引率

10.00%

发文量

审稿时长

66 days

期刊介绍： Utilities Policy is deliberately international, interdisciplinary, and intersectoral. Articles address utility trends and issues in both developed and developing economies. Authors and reviewers come from various disciplines, including economics, political science, sociology, law, finance, accounting, management, and engineering. Areas of focus include the utility and network industries providing essential electricity, natural gas, water and wastewater, solid waste, communications, broadband, postal, and public transportation services. Utilities Policy invites submissions that apply various quantitative and qualitative methods. Contributions are welcome from both established and emerging scholars as well as accomplished practitioners. Interdisciplinary, comparative, and applied works are encouraged. Submissions to the journal should have a clear focus on governance, performance, and/or analysis of public utilities with an aim toward informing the policymaking process and providing recommendations as appropriate. Relevant topics and issues include but are not limited to industry structures and ownership, market design and dynamics, economic development, resource planning, system modeling, accounting and finance, infrastructure investment, supply and demand efficiency, strategic management and productivity, network operations and integration, supply chains, adaptation and flexibility, service-quality standards, benchmarking and metrics, benefit-cost analysis, behavior and incentives, pricing and demand response, economic and environmental regulation, regulatory performance and impact, restructuring and deregulation, and policy institutions.