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Natural Gas Supply Security in Korea
Insights from the 2022 Gas Supply Shock This report was commissioned by the Korea Energy Economics Institute (KEEI) and carried out jointly by the International Energy Agency (IEA) and the KEEI. The objective of the study was to provide high-level policy recommendations on natural gas security of supply in Korea, particularly within the context of the global gas supply shock that emerged in 2022. The report covers an analysis of the natural gas supply shock in question, a detailed review of the Korean natural gas market and recommendations applicable to the Korean market.
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Korea Electricity Security Review
…aspects of operational security and long-term planning, both recognising current progress in terms of grid and market code updates as well as suggesting improvements to the long-term planning process, through for example integrated resource planning.
The report suggests market design improvements that can be implemented within the current framework, considering price formation mechanisms and integration with the existing emissions trading scheme. Finally, the report examines key aspects of climate and cyber resilience, suggesting improvements that can be integrated into long-term planning to ensure resilience across the whole value chain. Executive summary Around the world energy transitions are… -
Partner Country Series - Thailand Electricity Security Assessment
…nature and shape of electricity demand in the coming years. Thai energy policy is driven by the three pillars of security, affordability and environmental sustainability. Concerns over fuel diversity underlie all three of these pillars and thus are a major driver of Thailand’s current long-term view of power sector development. Thailand is seeking to diversify its power sector over the next two decades by increasing coal generation and an increase in both domestic and imported renewables. In addition, Thailand is seeking to reduce the need for investment in generation and transmission by improving energy efficiency. In this study…
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Energy Policies of IEA Countries: The Republic of Korea 2006
…enhancement of its policy goals – adding economic efficiency and environmental sustainability to energy security – is commendable. Building on the liberalisation of its economy, the Republic of Korea set out an ambitious plan for reform of its state-controlled natural gas and electricity industries. However, the plans have been stalled and there is currently little vision for effective reform going forward. As the economy makes the transition to one with less phenomenal, more sustainable and less predictable growth, the IEA encourages the Republic of Korea to press forward with liberalisation in order to underpin a more flexible and efficient energy sector…
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Southeast Asia Energy Outlook 2017
…Southeast Asia’s energy sector, based on the latest data and announcements- How today’s policies shape this region’s energy demand and supply outlook to 2040, and the implications for energy security, the environment and development; the opportunities that broader changes in global markets and low-carbon technologies open up for Southeast Asia. the investment required to improve efficiency and expand energy supply infrastructure, especially in the electricity sector; the mix of fuels and technologies that can help Southeast Asia achieve universal electricity access; and an alternative pathway, the Sustainable Development Scenario, to meet energy security and environmental goals…
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Southeast Asia Energy Outlook 2015
World Energy Outlook Special Report The ten countries that make up the Association of Southeast Asian Nations (ASEAN) are exerting an increasingly important influence on global energy trends. Underpinned by rapid economic and demographic growth, energy demand in the region has more than doubled in the last 25 years, a trend that is set to continue to 2040. Given Southeast Asia’s role as a global growth engine, understanding what is shaping energy markets in this vibrant region and the implications for energy security and the environment is vital for policy makers and anyone with a stake in the energy…
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Status of Power System Transformation 2018
…A lack of system flexibility can reduce the resilience of power systems, or lead to the loss of substantial amounts of clean electricity through curtailment of variable renewable energy sources. Power plants play a critical role in enhancing system flexibility. Based on a wealth of real-life case studies and data, this report provides a comprehensive overview of how power plants can contribute to making power systems more flexible, while enhancing electricity security. It summarises the findings of the Advanced Power Plant Flexibility campaign of the Clean Energy Ministerial. The solutions presented in this study have been collected in close…
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Status of Power System Transformation 2018: Summary for Policy Makers
…A lack of system flexibility can reduce the resilience of power systems, or lead to the loss of substantial amounts of clean electricity through curtailment of variable renewable energy sources. Power plants play a critical role in enhancing system flexibility. Based on a wealth of real-life case studies and data, this report provides a comprehensive overview of how power plants can contribute to making power systems more flexible, while enhancing electricity security. It summarises the findings of the Advanced Power Plant Flexibility campaign of the Clean Energy Ministerial. The solutions presented in this study have been collected in close…
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Southeast Asia Energy Outlook 2022
…Singapore, Thailand and Viet Nam.Since the last edition of this report, the energy prospects for Southeast Asia have been affected by the Covid-19 pandemic, new energy and climate policy commitments and, most recently, high and volatile prices exacerbated by the Russian Federation’s (hereafter, “Russia”) invasion of Ukraine. Covid-19 led to a major economic shock for countries in Southeast Asia and the economic recovery now risks being slowed by higher energy prices. In the run up to the UN Climate Change Conference (COP26) in November 2021, several governments in Southeast Asia announced ambitious targets for reaching neutrality…
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Partner Country Series - Thailand Renewable Grid Integration Assessment
Thailand’s power sector policy focuses on reducing dependence on natural gas to enhance energy security. With the dramatic reduction in the costs of variable renewable energy (VRE) – solar PV and wind power – Thailand is beginning to experience the transformation of its power sector. Conventional power generation is beginning to give way to new alternative sources and generation is moving from centralised to distributed forms. Thailand has the highest share of VRE in the Association of Southeast Asian Nations (ASEAN) region. Given the unique characteristics of VRE, which are variable and partly unpredictable, there are concerns over the potential operational…