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 EPE  Vol.5 No.4 B , July 2013
Study on Long-Term Generation Expansion Planning upon the LNG Price Fluctuations
Min-Chul Kim*, Soon-Hyun Hwang, Seok-Man Han, Balho. H. Kim
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Abstract: About 37% of South Korea’s greenhouse gas emission is from electricity generation. Most of the country’s electric power is fundamentally generated by nuclear, thermal and LNG facilities. And LNG, of them, is characterized to require high cost for power generation but CO2 coefficient is lower than thermal generation. Amid the ongoing global efforts to tackle global warming, shale gas introduction and changing global environment, LNG prices are expected to fluctuate. Against this backdrop, this paper seeks to perform scenario tests on LNG fuel cost fluctuation and examine its long-term effects on generation expansion planning.
Keywords: LNG, Shale Gas; Generation Expansion Planning; Price Fluctuation
Cite this paper: M. Kim, S. Hwang, S. Han and B. H. Kim, "Study on Long-Term Generation Expansion Planning upon the LNG Price Fluctuations," Energy and Power Engineering, Vol. 5 No. 4, 2013, pp. 1032-1036. doi: 10.4236/epe.2013.54B197.
References

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[7]   KPX, “The 5th Korea national Long-term Electricity Plan”.

[8]   EPSIS Homepage, http://www.kpx.or.kr/epsis/.

 
 
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