SO KOREA TO BE FIRST ON SMART GRID

Korea’s Smart Grid Roadmap2030; Laying the Foundation for Low Carbon, Green Growth by 2030
March 2010 (Ministry of Knowledge Economy and Korea Smart Grid Institute)

"A Smart Grid refers to a next-generation network that integrates information technology (Smart) into the existing power grid (Grid) to optimize energy efficiency through a two-way exchange of electricity information between suppliers and consumers in real time. Building a Smart Grid can induce reasonable energy consumption, enable the provision of high-quality energy, and provide a wide array of added services…[like those needed for] renewable energy and electric vehicles…Korea has outlined its vision in a policy to build a low-carbon, green-growth economy through a Smart Grid by 2030…

"Smart Power Grid…will be built to allow various kinds of interconnections between consumption and supply sources. The roll-out of such networks will pave the way for new business models, and the building of a power grid malfunction and automatic recovery system that will ensure a reliable and high quality power supply…"

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"Smart Consumer…save[s] energy by using real-time information and producing
smart home appliances that operate in response to electric utility rates…

"Smart Transportation…[uses] a nationwide charging infrastructure that will allow electric vehicles to be charged anywhere. It also establishes a V2G (Vehicle to Grid) system where the batteries of electric vehicles are charged during off-peak times while the resale of surplus electricity takes place during peak times…"

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"Smart Renewables…[can be used for a] smart renewable energy power generation complex across the nation by rolling out microgrids. This will ultimately lead to the emergence of houses, buildings, and villages which can achieve energy self-sufficiency through the deployment of small-scale renewable energy generation units in every end-user premise…

"Smart Electricity Service…With the launch of a variety of energy-saving electricity rate plans, this service aims to improve consumers’ right to choose by satisfying their different needs. In addition, it wants to deliver a wide array of added electricity services through the marriage of electricity and ICT, and to put in place real-time electricity trading system for the transactions of electricity and derivatives…"