isolated power grid2018/03/08 · isolated power grid > no cross-border power grid...
TRANSCRIPT
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Smart Energy Partner, KEPCO
1-1 Power System in Korea
Power System Characteristics
▪ Isolated Power Grid
> No Cross-border Power Grid Interconnection
▪ Long Distance Transmission
> 40% of loads concentrated in metropolitan area
> Base load Power plants located near to the coast
> High generation cost in metropolitan area
▪ Demand Growth
> 1980s: 10.8%
> 1990s: 9.5%
> 2000s: 5.6%
> 2010s: 3.1%
Power Demand
Smart Energy Creator, KEPCO
Nations Increase('01-'07)
USA 1.30%
Japan 1.60%
Germany 1.10%
France 1.30%
England 0.50%
China 11.7% (‘05-’08)
Saudi 5.8% (‘05-’08)
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Smart Energy Partner, KEPCO
1-2 Energy Policy in Korea
▪ Phasing our of nuclear power plants
> Cancelation of 6 planned units (8.5GW), Service life expansion not allowed
▪ Early shut-down of the aged coal-fired power plants
> Early shut-down of 10 Units (3.3GW), 6 existing units will be converted to LNG
Power Demand
Smart Energy Creator, KEPCO
▪ Outlook of Power Source Mix(Installed capacity)
22.5
(19.3%)
36.9
(31.6%)
37.4
(26.7%)
4.2
(3.5%)
4.7
(4.0%)
11.3
(9.7%)
Nuclear
Coal
LNG
Oil
Hydro
RE
Unit : GW
Total : 117GW
20.4
(11.7%)39.9
(23.0%)
47.5
(27.3%)
1.4
(0.8%)
6.1
(3.5%)
58.5
(33.7%)Nuclear
Coal
LNG
Oil
Pump
RE
Unit : GW
Total : 173.7GW
Government Policy on Nuclear & Coal
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Smart Energy Partner, KEPCO
1-3 Challenge for Renewable Energy
Renewable Energy Vision 3020
▪ Renewable Energy Expansion
> 20% of power generated by Renewable Energy
> Waste, Bio-mass centered ⇒ Solar, Wind centered
Smart Energy Creator, KEPCO
Installed Capacity(MW)
7th Basic Plan (2015-2029)
8th Basic Plan (2017-2031)
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Smart Energy Partner, KEPCO
2-1 Paradox: Renewable Energy Resources
Renewable Energy Resources vs Demand
▪ Unevenly distributed renewable energy resources
> The area rich in renewable energy resources is remote from demand areas
”MORE renewable energy resources, LESS demand”
Power Demand
Smart Energy Creator, KEPCO
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Smart Energy Partner, KEPCO
Paradigm Shift on Supergrid
New paradigm
▪ To overcome power shortage
▪ To enhance the stability of power
system securing power reserve
▪ To integrate diverse energy
sources
▪ To make effective use of electric
power through power trading
2-2
Smart Energy Creator, KEPCO
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Smart Energy Partner, KEPCO
KEPCO’s Vision of NEA Supergrid
Vision
▪ Joint development and utilization of renewable energy in NEA
⇒ Joint strategy for global climate change & environmental pollution
KEPCO’s NEA Supergrid Concept
3-1
Smart Energy Creator, KEPCO
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Smart Energy Partner, KEPCO
KEPCO’s Progress (1)
Major Progress / China-Korea-Japan
MOU on Joint Promotion of Power Grid Interconnection
between SGCC(China)-KEPCO-SoftBank(Japan)-Rosseti(Russia)‘16.03
Joint Pre-F/S on Mongolia-China-Korea-Japan Power Grid
Interconnection between SGCC-KEPCO-SoftBank
‘16.06~
‘17.03
3-2
Smart Energy Creator, KEPCO
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Smart Energy Partner, KEPCO
KEPCO’s Progress (2)
Major Progress / Russia-Korea
Feasibility Study for Korea-Russia Power Grid Interconnection
▶ KEPCO, KEEI, Korea University, Yulchon LLC
‘12.10~
14.09
President of Korea proposed NEA Supergrid Establishment
▶ Eastern Economic Forum in Vladivostok, Russia ’17.09
3-2
Smart Energy Creator, KEPCO
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Smart Energy Partner, KEPCO
Joint Project Development MOA
Major contents
C-K Power Grid Interconnection (1)3-3
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Smart Energy Partner, KEPCO
Inter-Governmental Cooperation MOU
Major contents
C-K Power Grid Interconnection (2)3-3
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Smart Energy Partner, KEPCO
Formulation Policy on NEA Supergrid
8th Basic Plan for Long-term Electricity Supply and Demand
3-4
Smart Energy Creator, KEPCO
▪ Government Policy : Implementation of NEA Supergrid
> Jointly utilize clean energy sources in NEA
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Smart Energy Partner, KEPCOSmart Energy Creator, KEPCO
Potential Risks in Supergrid Project
Factors Rank Risk Index(%)
▪ Policy
▪ Financial
▪ Planning & Consenting
▪ Political
▪ Infrastructure
▪ Operational
▪ Technical
1
2
3
4
5
6
7
87.8
85.6
83.1
76.3
66.0
64.3
50.0
Risk Factors
Policy, Financial, Planning & Consenting, Political Risks
are much bigger than Technical and Operational Issues
Source : Dr. McKinstray, the European Supergrid – Messiah or Pariah, 2013
4-1
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Smart Energy Partner, KEPCO 5/8Smart Energy Creator, KEPCO
Key Factors
▪ European Commission forms regulatory frameworks for supergrid
▪ Cross-border transmission operator(ENTSO-E) has been introduced
▪ Trans-European Energy Network
- Framework for cross-border development
on interconnection, Inter-operability, etc.
▪ The Third Energy Package 2009
- Common Rules and Regulations for
cross-border grid interconnection
▪ Established in Dec 2008
▪ 42 TSOs from 34 countries in EU
▪ Major roles of ENTSO-E
- Integration of renewable energy
sources(RES)
- Technical cooperation between TSOs, etc.
Inter-governmental
Cooperation required
Cooperation between the
Parties(or TSOs) required
Key Success Factor in Europe4-2
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Smart Energy Partner, KEPCOSmart Energy Creator, KEPCO
Governance Establishment
▪ Joint declaration of NEA Supergrid Promotion
- Mitigate Policy/Political Risks
- Less uncertainty & More comfort to the shareholders
▪ Principles & Foundation for mutual cooperation
▪ How to develop and implement NEA Supergrid
- Mitigate Financial/Planning & Consenting Risks
▪ Define: Business model, Roles of each Party,
Project development schedule, Financing plan, etc.
Interaction
AddressingInter-
GovernmentalAgenda
4-3
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Smart Energy Partner, KEPCOSmart Energy Creator, KEPCO
Challenges in the Future
BusinessModel
Taxation
RegulatoryFramework
Cooperation Field
Feasible
BankablePowerTrading
Mechanism
4-4
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Smart Energy Partner, KEPCO
Towards One Asia4-5
Smart Energy Creator, KEPCO
ONE
ASIA
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