IDEAS home Printed from https://ideas.repec.org/a/eee/juipol/v95y2025ics0957178725000426.html

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

Author

Listed:
  • Sanjaya, Agus
  • Jeong, Bongju
  • Xu, Tianyuan

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.

Suggested Citation

  • Sanjaya, Agus & Jeong, Bongju & Xu, Tianyuan, 2025. "Power generation and transmission capacity expansion planning considering renewable energy and emissions policies in South Korea," Utilities Policy, Elsevier, vol. 95(C).
    • Handle: RePEc:eee:juipol:v:95:y:2025:i:c:s0957178725000426
    DOI: 10.1016/j.jup.2025.101927
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0957178725000426
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jup.2025.101927?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Jiang, Jing Jing & Ye, Bin & Ma, Xiao Ming, 2014. "The construction of Shenzhen׳s carbon emission trading scheme," Energy Policy, Elsevier, vol. 75(C), pages 17-21.
    2. Park, Hojeong & Hong, Won Kyung, 2014. "Korea׳s emission trading scheme and policy design issues to achieve market-efficiency and abatement targets," Energy Policy, Elsevier, vol. 75(C), pages 73-83.
    3. Kim, Chul, 2021. "A review of the deployment programs, impact, and barriers of renewable energy policies in Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 144(C).
    4. Oree, Vishwamitra & Sayed Hassen, Sayed Z. & Fleming, Peter J., 2019. "A multi-objective framework for long-term generation expansion planning with variable renewables," Applied Energy, Elsevier, vol. 253(C), pages 1-1.
    5. Choi, Dong Gu & Park, Sang Yong & Hong, Jong Chul, 2015. "Quantitatively exploring the future of renewable portfolio standard in the Korean electricity sector via a bottom-up energy model," Renewable and Sustainable Energy Reviews, Elsevier, vol. 50(C), pages 793-803.
    6. Wang, Hongye & Su, Bin & Mu, Hailin & Li, Nan & Gui, Shusen & Duan, Ye & Jiang, Bo & Kong, Xue, 2020. "Optimal way to achieve renewable portfolio standard policy goals from the electricity generation, transmission, and trading perspectives in southern China," Energy Policy, Elsevier, vol. 139(C).
    7. Pereira, Adelino J.C. & Saraiva, João Tomé, 2011. "Generation expansion planning (GEP) – A long-term approach using system dynamics and genetic algorithms (GAs)," Energy, Elsevier, vol. 36(8), pages 5180-5199.
    8. Zong Woo Geem & Jin-Hong Kim, 2016. "Optimal Energy Mix with Renewable Portfolio Standards in Korea," Sustainability, MDPI, vol. 8(5), pages 1-14, May.
    9. Zhang, Xu & Qi, Tian-yu & Ou, Xun-min & Zhang, Xi-liang, 2017. "The role of multi-region integrated emissions trading scheme: A computable general equilibrium analysis," Applied Energy, Elsevier, vol. 185(P2), pages 1860-1868.
    10. Park, Sang Yong & Yun, Bo-Yeong & Yun, Chang Yeol & Lee, Duk Hee & Choi, Dong Gu, 2016. "An analysis of the optimum renewable energy portfolio using the bottom–up model: Focusing on the electricity generation sector in South Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 319-329.
    11. Seddighi, Amir Hossein & Ahmadi-Javid, Amir, 2015. "Integrated multiperiod power generation and transmission expansion planning with sustainability aspects in a stochastic environment," Energy, Elsevier, vol. 86(C), pages 9-18.
    12. MacRae, C.A.G. & Ernst, A.T. & Ozlen, M., 2016. "A Benders decomposition approach to transmission expansion planning considering energy storage," Energy, Elsevier, vol. 112(C), pages 795-803.
    13. Pereira, Sérgio & Ferreira, Paula & Vaz, A.I.F., 2017. "Generation expansion planning with high share of renewables of variable output," Applied Energy, Elsevier, vol. 190(C), pages 1275-1288.
    14. Guo, Zheng & Ma, Linwei & Liu, Pei & Jones, Ian & Li, Zheng, 2016. "A multi-regional modelling and optimization approach to China's power generation and transmission planning," Energy, Elsevier, vol. 116(P2), pages 1348-1359.
    15. Vrionis, Constantinos & Tsalavoutis, Vasilios & Tolis, Athanasios, 2020. "A Generation Expansion Planning model for integrating high shares of renewable energy: A Meta-Model Assisted Evolutionary Algorithm approach," Applied Energy, Elsevier, vol. 259(C).
    16. Tang, Ling & Wu, Jiaqian & Yu, Lean & Bao, Qin, 2015. "Carbon emissions trading scheme exploration in China: A multi-agent-based model," Energy Policy, Elsevier, vol. 81(C), pages 152-169.
    17. Chen, Siyuan & Liu, Pei & Li, Zheng, 2019. "Multi-regional power generation expansion planning with air pollutants emission constraints," Renewable and Sustainable Energy Reviews, Elsevier, vol. 112(C), pages 382-394.
    18. Guerra, Omar J. & Tejada, Diego A. & Reklaitis, Gintaras V., 2016. "An optimization framework for the integrated planning of generation and transmission expansion in interconnected power systems," Applied Energy, Elsevier, vol. 170(C), pages 1-21.
    19. Dongmin Son & Joonrak Kim & Bongju Jeong, 2019. "Optimal Operational Strategy for Power Producers in Korea Considering Renewable Portfolio Standards and Emissions Trading Schemes," Energies, MDPI, vol. 12(9), pages 1-24, May.
    20. Tumiran & Lesnanto Multa Putranto & Roni Irnawan & Sarjiya & Adi Priyanto & Suroso Isnandar & Ira Savitri, 2021. "Transmission Expansion Planning for the Optimization of Renewable Energy Integration in the Sulawesi Electricity System," Sustainability, MDPI, vol. 13(18), pages 1-20, September.
    21. Catherine Leining & Suzi Kerr & Bronwyn Bruce-Brand, 2020. "The New Zealand Emissions Trading Scheme: critical review and future outlook for three design innovations," Climate Policy, Taylor & Francis Journals, vol. 20(2), pages 246-264, February.
    22. Gao, Yuning & Li, Meng & Xue, Jinjun & Liu, Yu, 2020. "Evaluation of effectiveness of China's carbon emissions trading scheme in carbon mitigation," Energy Economics, Elsevier, vol. 90(C).
    23. Fan, Jing-Li & Wang, Jia-Xing & Hu, Jia-Wei & Wang, Yu & Zhang, Xian, 2019. "Optimization of China’s provincial renewable energy installation plan for the 13th five-year plan based on renewable portfolio standards," Applied Energy, Elsevier, vol. 254(C).
    24. Giovanni Marin & Marianna Marino & Claudia Pellegrin, 2018. "The Impact of the European Emission Trading Scheme on Multiple Measures of Economic Performance," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(2), pages 551-582, October.
    25. Giovanni Marin & Marianna Marino & Claudia Pellegrin, 2018. "The impact of the European Union Emission Trading Scheme on Multiple Measures of Economic Performance," Post-Print hal-01768870, HAL.
    26. Yu, Biying & Zhao, Zihao & Zhao, Guangpu & An, Runying & Sun, Feihu & Li, Ru & Peng, Xiaohan, 2021. "Provincial renewable energy dispatch optimization in line with Renewable Portfolio Standard policy in China," Renewable Energy, Elsevier, vol. 174(C), pages 236-252.
    27. Gea-Bermúdez, Juan & Pade, Lise-Lotte & Koivisto, Matti Juhani & Ravn, Hans, 2020. "Optimal generation and transmission development of the North Sea region: Impact of grid architecture and planning horizon," Energy, Elsevier, vol. 191(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dongmin Son & Joonrak Kim & Bongju Jeong, 2019. "Optimal Operational Strategy for Power Producers in Korea Considering Renewable Portfolio Standards and Emissions Trading Schemes," Energies, MDPI, vol. 12(9), pages 1-24, May.
    2. Moradi-Sepahvand, Mojtaba & Amraee, Turaj, 2021. "Integrated expansion planning of electric energy generation, transmission, and storage for handling high shares of wind and solar power generation," Applied Energy, Elsevier, vol. 298(C).
    3. Tong Koecklin, Manuel & Fitiwi, Desta & de Carolis, Joseph F. & Curtis, John, 2020. "Renewable electricity generation and transmission network developments in light of public opposition: Insights from Ireland," Papers WP653, Economic and Social Research Institute (ESRI).
    4. Xu, Jie & Lv, Tao & Hou, Xiaoran & Deng, Xu & Liu, Feng, 2021. "Provincial allocation of renewable portfolio standard in China based on efficiency and fairness principles," Renewable Energy, Elsevier, vol. 179(C), pages 1233-1245.
    5. Fitiwi, Desta Z. & Lynch, Muireann & Bertsch, Valentin, 2020. "Enhanced network effects and stochastic modelling in generation expansion planning: Insights from an insular power system," Socio-Economic Planning Sciences, Elsevier, vol. 71(C).
    6. Fitiwi, Desta & Lynch, Muireann . & Bertsch, Valentin, 2019. "Optimal development of electricity generation mix considering fossil fuel phase-out and strategic multi-area interconnection," Papers WP616, Economic and Social Research Institute (ESRI).
    7. Koecklin, Manuel Tong & Longoria, Genaro & Fitiwi, Desta Z. & DeCarolis, Joseph F. & Curtis, John, 2021. "Public acceptance of renewable electricity generation and transmission network developments: Insights from Ireland," Energy Policy, Elsevier, vol. 151(C).
    8. Zhang, Huaiyuan & Liao, Kai & Yang, Jianwei & Zheng, Shunwei & He, Zhengyou, 2024. "Frequency-constrained expansion planning for wind and photovoltaic power in wind-photovoltaic-hydro-thermal multi-power system," Applied Energy, Elsevier, vol. 356(C).
    9. Yuanyuan He & Luxin Wan & Manli Zhang & Huijuan Zhao, 2022. "Regional Renewable Energy Installation Optimization Strategies with Renewable Portfolio Standards in China," Sustainability, MDPI, vol. 14(17), pages 1-18, August.
    10. Abe, Tatsuya & Arimura, Toshi H., 2022. "Causal effects of the Tokyo emissions trading scheme on energy consumption and economic performance," Energy Policy, Elsevier, vol. 168(C).
    11. Kang, Jidong & Wu, Zhuochun & Ng, Tsan Sheng & Su, Bin, 2023. "A stochastic-robust optimization model for inter-regional power system planning," European Journal of Operational Research, Elsevier, vol. 310(3), pages 1234-1248.
    12. Nong, Duy, 2020. "Development of the electricity-environmental policy CGE model (GTAP-E-PowerS): A case of the carbon tax in South Africa," Energy Policy, Elsevier, vol. 140(C).
    13. Bai, Bo & Wang, Yihan & Fang, Cong & Xiong, Siqin & Ma, Xiaoming, 2021. "Efficient deployment of solar photovoltaic stations in China: An economic and environmental perspective," Energy, Elsevier, vol. 221(C).
    14. Xu, Jiuping & Yang, Guocan & Wang, Fengjuan & Shu, Kejing, 2022. "A provincial renewable portfolio standards-based distribution strategy for both power plant and user: A case study from Guangdong, China," Energy Policy, Elsevier, vol. 165(C).
    15. Hu, Yu & Li, Jialin & Chi, Yuanying & Zheng, Yi, 2024. "Optimization of regional power low-carbon transition pathways in China under differentiated tradable green certificates trading models," Renewable Energy, Elsevier, vol. 237(PC).
    16. Zhao, Xin-gang & Jiang, Gui-wu & Nie, Dan & Chen, Hao, 2016. "How to improve the market efficiency of carbon trading: A perspective of China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 1229-1245.
    17. Hailin Mu & Zhewen Pei & Hongye Wang & Nan Li & Ye Duan, 2022. "Optimal Strategy for Low-Carbon Development of Power Industry in Northeast China Considering the ‘Dual Carbon’ Goal," Energies, MDPI, vol. 15(17), pages 1-22, September.
    18. Zeng, Lijun & Wang, Jiafeng & Zhao, Laijun, 2022. "An inter-provincial tradable green certificate futures trading model under renewable portfolio standard policy," Energy, Elsevier, vol. 257(C).
    19. Sadeghi, Hadi & Rashidinejad, Masoud & Abdollahi, Amir, 2017. "A comprehensive sequential review study through the generation expansion planning," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 1369-1394.
    20. Peng, Qiao & Liu, Weilong & Shi, Yufeng & Dai, Yuanyuan & Yu, Kunjie & Graham, Byron, 2024. "Multi-objective electricity generation expansion planning towards renewable energy policy objectives under uncertainties," Renewable and Sustainable Energy Reviews, Elsevier, vol. 197(C).

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:juipol:v:95:y:2025:i:c:s0957178725000426. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.sciencedirect.com/journal/utilities-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.