A Study on Quantitative Effects Analysis Due to Direct Import of LNG

This study quantitatively evaluates the impact of increasing direct LNG imports on Korea’s electricity market using machine learning, PLEXOS simulation, and statistical analysis. The results consistently showed that direct LNG imports effectively reduce system marginal prices and electricity purchase costs for KEPCO, confirming their positive market influence. Policy recommendations include easing regulatory constraints and enhancing public-private collaboration to ensure energy security, supply stability, and market flexibility.

Authors

Publication Details

Journal
The Transactions of The Korean Institute of Electrical Engineers
Published
2025-11-11
DOI
https://doi.org/10.5370/kiee.2025.74.11.1791
Primary Topic
Hybrid Renewable Energy Systems
Type
article
Field-Weighted Citation Impact
0.00
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article

A Study on Quantitative Effects Analysis Due to Direct Import of LNG

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The Transactions of The Korean Institute of Electrical Engineers
Hybrid Renewable Energy Systems
article

A Study on Quantitative Effects Analysis Due to Direct Import of LNG

Tai-Hyun Kim, Sangwoo Shim, Jong-Bae Park, Sung-Hee Lee, Yeonjei Jung, Sung-Bong Cho
article en

Abstract

This study quantitatively evaluates the impact of increasing direct LNG imports on Korea’s electricity market using machine learning, PLEXOS simulation, and statistical analysis. The results consistently showed that direct LNG imports effectively reduce system marginal prices and electricity purchase costs for KEPCO, confirming their positive market influence. Policy recommendations include easing regulatory constraints and enhancing public-private collaboration to ensure energy security, supply stability, and market flexibility.

The Transactions of The Korean Institute of Electrical EngineersVol. 74(11)
Openalex Percentile: Top 64%
Hybrid Renewable Energy Systems
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