| Title |
LCOE Assessment of Major Power Generation Technologies Reflecting Social Costs |
| Authors |
조영탁(Young-Tak Cho) ; 석광훈(Kwanghoon Seok) ; 박종배(Jong-Bae Park) |
| DOI |
http://doi.org/10.5370/KIEE.2018.67.2.179 |
| Keywords |
Levelized Cost of Electricity ; Nuclear Power ; Coal Power ; Combined Cycle Gas Turbine ; Fuel Tax ; Public Subsidy ; External Cost ; Accident Risk Cost ; Transmission Cost |
| Abstract |
A considerable cost gap between three major power generation technologies, namely nuclear, coal, and combined cycle gas turbine (CCGT), has been a well-established fact in the Korean electricity market. Alternatively, this paper analyzes the levelized costs of electricity (LCOE) of the three technologies reflecting overall social costs of electricity generation including accident risk, CO2 emission, and air pollution damage. The paper unveils to what extent current discriminative subsidies on fuels regarding the social costs, mostly through tax exemptions, affect economic competitiveness of the technologies. In particular, it finds relative positions of coal and CCGT could be altered depending on appreciation level of the social costs. It has limits in analyzing fixed costs of the technologies, however, due to limited data availability of nuclear power, and suggests further studies on the issue. |