ESS 기반재생에너지 출력제한 경감을 통한 효율적 저탄소 전력체계 구축 모색-2025년 제주도를 중심으로-

Translated title of the contribution: Establishing an Efficient Low-Carbon Power System by Reducing Curtailment of Renewable Energy using ESS - The Case of Jeju Island in 2025 -

Research output: Contribution to journalArticlepeer-review

6 Scopus citations

Abstract

Due to the ambitious carbon net-zero target by 2050, deployment of variable renewable energy (VRE) sources has been accelerated. However, the duck curve problem caused by massive generation of solar photovoltaics increases the possibility of VRE curtailment, leading to increasing power supply cost due to reduced capacity factor of VRE. This study estimates hourly amount of VRE curtailment and analyzes an energy storage system (ESS) as a viable option to mitigate curtailment based on the Jeju Island power system in 2025. The power system optimization model called PLEXOS is used to estimate the amount of curtailment, and a profit maximization model is applied to analyze the economic feasibility of ESS. The result shows that the economic feasibility of ESS was higher when applying system marginal price (SMP) 0 KRW/kWh when VRE is curtailed compared to the case of applying SMP on the mainland. At the ESS capacity that can achieve 25% total curtailment reduction, an internal rate of return (IRR) of 4.99% is achieved; with a lower ESS capacity, an IRR of 6 ~ 8% can be achieved. This result suggests that ESS is a viable option to reduce VRE curtailment to an appropriate level to operate such a power system efficiently.

Translated title of the contributionEstablishing an Efficient Low-Carbon Power System by Reducing Curtailment of Renewable Energy using ESS - The Case of Jeju Island in 2025 -
Original languageKorean
Pages (from-to)1-9
Number of pages9
Journal한국기후변화학회지
Volume13
Issue number1
DOIs
StatePublished - 2022

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 7 - Affordable and Clean Energy
    SDG 7 Affordable and Clean Energy
  2. SDG 8 - Decent Work and Economic Growth
    SDG 8 Decent Work and Economic Growth

Keywords

  • Curtailment
  • Energy Storage System
  • Flexible Resource
  • Load Shifting
  • Renewable Generation

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