Study on Long-Term Generation Expansion Planning upon the LNG Price Fluctuations ()
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.
Share and Cite:
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. 4B, 2013, pp. 1032-1036. doi:
10.4236/epe.2013.54B197.
Conflicts of Interest
The authors declare no conflicts of interest.
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