The Development of the Generation Expansion Planning Model Considering Environmental Policies

Abstract:

In response to the global environmental concerns, diverse mechanisms have been developed which have an influence on the power industry, especially generation mix. Therefore, long-term Generation Expansion Planning (GEP) model should consider the environmental factors while ensuring reliable and efficient supply of forecasted demand. This paper proposed the multi-period GEP model that capturing the effect of Renewable Portfolio Standards (RPS) program and Emission Trading (ET), and Target Scheme (TS). Numerical results show that current generation mix in Korea solely cannot ensure the environmental requirement properly. Moreover, appropriate investment of renewable are needed.

• Periodical: Applied Mechanics and Materials (Volumes 675-677)
• Pages: 1901-1908
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.675-677.1901
• Online since: October 2014
• Authors: Kang Won Kim*, Soon Hyun Hwang, Bal Ho H. Kim
• Keywords: Dynamic Programming, REC, Renewable Portfolio Standards, RPS

References

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