-This paper presents an economic analysis of the energy efficiency programs in Korea. Economic evaluation was performed by applying the California Standard Practice Test. Additionally, the energy efficiency programs were reviewed using a levelized cost evaluation methodology based on the marginal cost of the saved energy, and comparative analysis was performed with the cost of the supply resources. Finally, the future needs and development directions of the Korean energy efficiency programs are suggested.
Since Korean energy efficiency program is generally run through subsidy program toward consumers regarding support target high efficiency devices, more rational investment plan shall be established considering yearly budget level input to each program, energy saving, or traits of device supply. Evaluation of energy efficiency program, however, is conducted based on 'California Standard Practice Test' regarding yearly plan and performance of the program thus it is not effectively reflected to the establishment of plan for next year. Due to such reasons, proper portfolio construction of energy efficiency program through the priority determination between each program and rational investment allocation is not achieved in regards to current plan of the energy efficiency program. This paper presents the methodology to establish optimizing investment planning for energy efficiency program based on the portfolio theory.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.