Investment incentives in the Korean electricity market

Park, Jung-Yeon; Ahn, Nam-Sung; Yoon, Yong-Beum; Koh, Kyung-Ho; Bunn, Derek W.

doi:10.1016/j.enpol.2007.06.025

Cited by 29 publications

(12 citation statements)

References 4 publications

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“…System dynamics 2 has been widely used to understand the longterm dynamics of liberalised electricity markets and the deregulation process, in particular to explain the cycles of capacity expansion causing periods of over-and under-supply (Bunn and Larsen, 1997;Ford, 1999;Olsina, 2005). System dynamics has also been used to analyse the impact of different forms of resource adequacy policies, such as capacity mechanisms, on capacity expansion in liberalised electricity markets (Hasani and Hosseini, 2011;Park et al, 2007), as well as the impact of environmentalrelated policies on the dynamics of capacity expansion (QudratUllah and Davidsen, 2001;Vogstad, 2005).…”

Section: Methodsmentioning

confidence: 99%

The Finnish power market: Are imports from Russia low-cost?

Ochoa

Gore

2015

Energy Policy

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Section: Methodsmentioning

confidence: 99%

The Finnish power market: Are imports from Russia low-cost?

Ochoa

Gore

2015

Energy Policy

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“…For example, Gary and Larsen [41] focussed on the UK, Ford [42] modelled the USA market, Olsina et al [38] developed a GCE model for Argentina, Qudrat-Ullah [40] for Canada, and Park et al [43] for Korea, to name a few. This trend seemed to be very logical as each country's market has some distinctive characteristics.…”

Section: Generation Capacity Expansion Modelsmentioning

confidence: 99%

“…These include probabilistic approach adopted by Park et al, [43] and Arango [45], a market oriented one by Assili et al [46], and finally a hybrid of fixed and market oriented one by Hasani and…”

Section: Generation Capacity Expansion Modelsmentioning

confidence: 99%

“…Probabilistic-fixed Supply-demand gap Park et al [43] Fixed-variable hybrid Supply-demand gap Hasani and Hosseini [44] Market oriented variable Supply-demand gap Arango [45] Probabilistic-variable Supply-demand gap Assili et al [46] Park et al [43] modelled the capacity payment mechanism based on identifying loss of load probability (LOLP) calculations. Equation (2) and Equation (3) show the relationships.…”

Section: Capacity Payment Mechanism Prime Decision Variable Referencementioning

confidence: 99%

“…However, instead of using an exponential decay for LOLP calculation as used by Park et al [43], a binomial distribution function was used in the model. Hasani and Hosseini [44] used a hybrid of fixed and variable capacity payment mechanism.…”

Section: Lolp Based Capacity Payment = Lolp*(value Of Loss Of Load -Mmentioning

confidence: 99%

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Application of system dynamics approach in electricity sector modelling: A review

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Assessment of renewable energy transition in Moroccan electricity sector using a system dynamics approach

Chentouf¹,

Allouch²

2020

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Morocco is one of the major importers of conventional fuels in the MENA region. In fact, ensuring energy security in the western kingdom is placing a heavy burden on economic balances, while generating many environmental impacts and social discrepancies. The local government has been striving to reduce its GHG emissions coming mainly from activities related to the field of energy harvesting. The current research work aims to evaluate technical, economic, social, and environmental impacts of the ongoing transition toward renewable energy (RE) deployment in Morocco. We used the system dynamics approach in order to study different interactions of the components of the Moroccan electricity sector and their behaviors on this complex system under various scenarios. The results showed that 35 MtCO 2 of avoided emissions can be ensured up to 2030 if renewable installed capacity reaches 15.72 GW by the same year. On the other hand, demand is estimated to be reduced by almost 30 TWh if robust measures were taken turning the country into an electricity exporter of up to 8.67 TWh by 2030. Finally, while research and development activities are expected to decrease RE plants construction costs by almost 700 million USD, nearly 448.986 renewable jobs can be created by 2030.

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Investment incentives in the Korean electricity market

Cited by 29 publications

References 4 publications

The Finnish power market: Are imports from Russia low-cost?

The Finnish power market: Are imports from Russia low-cost?

Application of system dynamics approach in electricity sector modelling: A review

Assessment of renewable energy transition in Moroccan electricity sector using a system dynamics approach

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