Optimal Operational Strategy for Power Producers in Korea Considering Renewable Portfolio Standards and Emissions Trading Schemes

摘要: Globally, many countries are experiencing economic growth while concurrently increasing their energy consumption. Several have begun to consider a low-carbon mix mitigate the environmental impacts caused by increased fossil fuel In terms of maximizing profits, however, power producers not sufficiently motivated expand capacity due high costs. Thus, Korean government initiated Renewable Portfolio Standard (RPS), an obligation generate certain proportion producer’s total generation using renewable for with capacities 500 MW or more, and Emissions Trading Scheme (ETS), designed attain carbon emissions reduction goal. We propose mathematical model derive optimal operational strategy producer profits expansion plan that meets both regulations. As such, main purpose this study was obtain each obligatory producer. To end, we defined 2 × matrix classify types conduct scenario-based analyses assess impact major factor changes on solutions type Finally, industry operate in sustainable eco-friendly manner, extracted policy implications could