TY - JOUR
T1 - Analysis of the impact of electricity grid interconnection between Korea and Japan - Feasibility study for energy network in Northeast Asia
AU - Kanagawa, Makoto
AU - Nakata, Toshihiko
PY - 2006/6
Y1 - 2006/6
N2 - This study analyzes the impact of an electricity grid interconnection between Korea and Japan on their energy systems. Both countries seriously consider energy security as the most important policy issue because of a lack of domestic energy resources. In addition, public concern for the environment is recently rising up in response to the global warming. Electricity grid interconnection has strong potential to cope with such complicated problems cost-effectively. We have developed the interconnection model, which includes the electricity grid interconnection between the electricity sectors of Korea and Japan, considering both technological and economic efficiency. The result of the study reveals the significant cost-effectiveness of the interconnection, in particular, under stringent condition such as nuclear phase-out in Japan and CO2 emission target in Korea and Japan. In the case that Japan's nuclear power plants will be phased out, the interconnection attains further cost reduction of constructing substitutive thermal power plants. On the other hand, when Korea and Japan set a joint CO2 emission target, it achieves the emission target more efficiently than they reduce the emission individually.
AB - This study analyzes the impact of an electricity grid interconnection between Korea and Japan on their energy systems. Both countries seriously consider energy security as the most important policy issue because of a lack of domestic energy resources. In addition, public concern for the environment is recently rising up in response to the global warming. Electricity grid interconnection has strong potential to cope with such complicated problems cost-effectively. We have developed the interconnection model, which includes the electricity grid interconnection between the electricity sectors of Korea and Japan, considering both technological and economic efficiency. The result of the study reveals the significant cost-effectiveness of the interconnection, in particular, under stringent condition such as nuclear phase-out in Japan and CO2 emission target in Korea and Japan. In the case that Japan's nuclear power plants will be phased out, the interconnection attains further cost reduction of constructing substitutive thermal power plants. On the other hand, when Korea and Japan set a joint CO2 emission target, it achieves the emission target more efficiently than they reduce the emission individually.
KW - Electricity grid interconnection
KW - Energy system
KW - Energy-economic model
UR - http://www.scopus.com/inward/record.url?scp=32044434904&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=32044434904&partnerID=8YFLogxK
U2 - 10.1016/j.enpol.2004.10.003
DO - 10.1016/j.enpol.2004.10.003
M3 - Article
AN - SCOPUS:32044434904
SN - 0301-4215
VL - 34
SP - 1015
EP - 1025
JO - Energy Policy
JF - Energy Policy
IS - 9
ER -