| Title |
A Study on the GENCO Adaptive Strategy for the Greenhouse Gas Mitigation Policy |
| Authors |
최동찬(Choi, Dong-Chan) ; 한석만(Han, Seok-Man) ; 김발호(Kim, Bal-Ho H.) |
| DOI |
https://doi.org/10.5370/KIEE.2012.61.4.522 |
| Keywords |
Greenhouse Gas Mitigation Policy ; GATE-PRO (Generation And Transmission Expansion PROgram) ; NRE(New Renewable Energy) ; generation costs ; multiple environmental scenarios |
| Abstract |
This paper presents an adaptive strategy of GENCOs for reducing the greenhouse gas by fuel mix change. Fuel mix stands for generation capacity portfolio composed of different fuel resources. Currently, the generation sector of power industry in Korea is heavily dependent on fossil fuels, therefore it is required to change the fuel mix gradually into more eco-friendly way based on renewable energies. The generation costs of renewable energies are still expensive compared to fossil fueled resources. This is why the adaptive change is more preferred at current stage and this paper proposes an optimal strategy for capacity planning based on multiple environmental scenarios on the time horizon. This study used the computer program tool named GATE-PRO (Generation And Transmission Expansion PROgram), which is a mixed-integer non-linear program developed by Hongik university and Korea Energy Economics Institute. The simulations have been carried out with the priority allocation method in the program to determine the optimal mix of NRE(New Renewable Energy). Through this process, the result proposes an economic fuel mix under emission constraints compatible with the greenhouse gas mitigation policy of the United Nations. |