Country:Korea
Year:2009
Policy status:In Force
Jurisdiction:National
Date Effective:2009
Policy Type:Research, Development and Deployment (RD&D)>Demonstration project
Policy Target:Energy Utilities>Electricity>Transmission/distribution
Agency:the Ministry of Trade, Industry and Energy (MOTIE)
Funding:The total investment was KRW 239.5 billion, 30% of which was funded by the government.
Evaluation:During the project, over 150 smart grid related technologies were tested and verified in the real environment. Of the nine business models newly identified, six were implemented during the project: (i) commercialised smart appliances applicable to real-time pricing; (ii) EV rental service in Jeju; (iii) advanced building energy management system; (iv) advanced demand response system; (v) factory energy management system; and (vi) electric bicycle sharing service at Jeju National University. By implementing smart grid technology, peak demand decreased by 3.6% in the test bed area and consumers were able to reduce more than 14% of their electricity usage via photovoltaic and smart appliances and energy storage systems.
Description:

In 2009, the Ministry of Trade, Industry and Energy (MOTIE) selected Jeju Island, the country’s southernmost island, as the site for a smart grid test bed. The Jeju Smart Grid Demonstration Project was inaugurated with the participation of 12 consortia consisting of 168 companies. 

MOTIE anticipated that the project would represent the world’s largest smart grid test bed, enabling participants to test cutting-edge smart grid technologies. The project sought to verify smart grid technology; develop new business models; commercialise the newly identified business models; and export the advanced technology abroad.

The Jeju test bed has five project domains:

  • “Smart Place”: advanced metering infrastructure and associated home-energy management systems, which lay the foundation for efficient energy use;
  • “Smart Transportation”: electric vehicles (EVs) and electrical charging solutions, which substantially contribute to EV transportation systems;
  • “Smart Renewables”: the management of renewable energy sources and the establishment of micro-grids using them;
  • “Smart Electricity Service”: provides the electricity market with new services such as real-time pricing and demand response;
  • “Smart Power Grid”: a smart power infrastructure for the advancement of existing distribution and transmission systems in power grids.

The early stage of the project (December 2009 to June 2011) focused on constructing the infrastructure for Smart Power Grid, Smart Place and Smart Transportation to link the grid networks with consumers and EVs. The expansion stage (June 2011 to May 2013) integrated the operations of Smart Electricity Service and Smart Renewables, offering innovative power services and accommodating renewable energy sources to the grid.

Last modified: Thu, 21 Nov 2013 10:52:01 CET