2011 first Smart Grid Day celebration was
held in Jeju Isaland (Photo: Yonhap
Smart Grid Day celebration was held at the Jeju Smart Grid Information Center on
November. Also called the ‘smart power network,’ the smart grid test was
launched on Jeju Island for the first time in Korea.
A smart grid is a
system that controls all the processes of generating, distribution, and
consumption of electricity through Information Technology to help consumers and
suppliers exchange information.
This technology allows information such
as the quantity of electricity consumed, the amount supplied, and condition of
power lines to be released. Power consumption and cost can be checked
immediately and it is also possible to avoid peak times to lower power rates.
The system could optimize electrical efficiency, increasing the quality of life
and predicting how much energy should be generated in advance and controlling
consumption by checking how much is left. That way, wastage can be minimized,
CO2 emissions can be abated, and global warming can be prevented.
event, held to generate more domestic and international publicity for the system
and also encourage social consensus among Jeju’s inhabitants, screened
promotional videos for Jeju Island which is a mecca for green growth. In
addition, Jeju Province, the Korea Electric Power Corporation (KEPCO), and Korea
Southern Power (KOSPO) signed a memorandum of understanding to designate Gapa
Island a carbon-free green space.
In the afternoon, the “smart grid
leading city” seminar was held with participation from corporations involved in
the project. The purpose of the event was to organize the Korea-Japan-China
cooperation system and promote the Jeju Smart Grid to improve the national
image. Performances and corporate exhibitions were also organized as side
The Smart Grid system has high growth potential as it can be
linked to other industries to increase efficiency. Other recommended utilities
include the electric power industry, the information and communications
industry, the electric vehicle industry, the construction industry, and power
storage systems. In fact, in 2009 160 enterprises launched test projects in
various industries such as smart vehicles and new renewable energy. Enormous
implications for the new system are expected, as the market size was predicted
to expand to ten quadrillion Korean won by 2030.
The Korea Smart Grid
Association said that it will build up the world’s best smart grid model city by
2012 and then create a consumer-centered megalopolis by 2020 under the vision of
creating a carbon-free green growth nation. The ultimate aim is to make Korea
the world’s first smart grid country by 2030.
By Lee Seung-ah
Korea.net Staff Writer