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Development of Methodology and Engineering Model for Generation Expansion Planning Considering Environmental Policy and Energy Storage System

Soonhyun Hwang and Balho H. Kim
Power Economics Lab, Hongik University, Seoul, Republic of Korea

Abstract—Korea has expanded the supply of the Energy Storage System (ESS) after the establishment of K-ESS 2020, but the criteria for adequate install capacity are insufficient. In addition, the Wien Automatic System Planning (WASP) program is used in Korea when establishing generation expansion planning, but there are difficulties in reflecting environmental and new facility supply policies. In this paper, a generation expansion planning model considering environmental policy and ESS facility characteristics is proposed, and the change of the generation expansion plan according to the reflection of various policies is examined by conducting case studies.

 
Index Terms—Dynamic programming, energy storage system, environmental policy, generation expansion planning, optimization

Cite: Soonhyun Hwang and Balho H. Kim, "Development of Methodology and Engineering Model for Generation Expansion Planning Considering Environmental Policy and Energy Storage System," International Journal of Electrical and Electronic Engineering & Telecommunications,  Vol. 9, No. 2, pp. 68-72, March 2020. Doi: 10.18178/ijeetc.9.2.68-72

Copyright © 2020 by the authors. This is an open access article distributed under the Creative Commons Attribution License (CC BY-NC-ND 4.0), which permits use, distribution and reproduction in any medium, provided that the article is properly cited, the use is non-commercial and no modifications or adaptations are made.