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A Practical Framework for Developing Net-Zero Electricity Mix Scenarios: A Case Study of South Korea

Author

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  • Changgi Min

    (Department of Electrical and Electronic Engineering, Joongbu University, 305 Dongheon-ro, Deogyang-gu, Goyang-si 10279, Gyeonggi-do, Republic of Korea)

  • Heejin Kim

    (Research and Development Department, Pion Electric Co., Ltd., 50 Yonsei-ro, Seodaemun-gu, Seoul 03722, Republic of Korea)

Abstract

This paper proposes a practical framework for developing a net-zero electricity mix scenario (NEMS), which considers detailed conditions for supply of each energy. NEMS means a path scenario for power generation amount by year of each generation resource required to achieve carbon neutrality in 2050. NEMS framework refers to a methodological framework that contains procedures and requirements to continuously update the NEMS by comprehensively reflecting policy changes. For evaluation of NEMS, indicators such as a system inertia resource ratio (SIRR) and a fuel conversion rate (FCR) are proposed. The proposed framework and indicators are applied for the 2050 NEMS in Korea’s electricity sector. The SIRR, indicating the ratio of inertial resources to total resources, projects values of 49% and 15% for the years 2030 and 2050, respectively. Furthermore, the FCR, reflecting the ratio of fuel conversion for resources undergoing this process, predicts that all targeted resources will have completed conversion by the year 2043.

Suggested Citation

  • Changgi Min & Heejin Kim, 2024. "A Practical Framework for Developing Net-Zero Electricity Mix Scenarios: A Case Study of South Korea," Energies, MDPI, vol. 17(4), pages 1-37, February.
    • Handle: RePEc:gam:jeners:v:17:y:2024:i:4:p:926-:d:1339949
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    References listed on IDEAS

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    4. Gaete-Morales, Carlos & Gallego-Schmid, Alejandro & Stamford, Laurence & Azapagic, Adisa, 2019. "A novel framework for development and optimisation of future electricity scenarios with high penetration of renewables and storage," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 250, pages 1657-1672.
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