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

Agus Sanjaya, Bongju Jeong and Tianyuan Xu

Utilities Policy, 2025, vol. 95, issue C

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.

Keywords: Renewable portfolio standards; Emission trading scheme; Power generation and transmission expansion planning (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:95:y:2025:i:c:s0957178725000426

DOI: 10.1016/j.jup.2025.101927

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