Due to the nature of supplying electric power - a commodity that is nearly impossible to store - electric power companies generate electricity by combining various power sources based on optimal operational and economic performances to ensure that the fluctuating demand can always be met.
Nuclear power generation is the key base-load power source and will continue to play an important role in contributing to stable supply and help to deal with global environmental issues. Hydroelectric and geothermal power generation, which have excellent environmental characteristics, will be developed considering environmental impacts as well as reduction in development costs.
Coal-fired power generation excels in stable base-load supply and economic performance, and so electric power companies will develop it while improving thermal efficiency and considering environmental impacts. Liquefied natural gas (LNG) fired power generation excels in high thermal efficiency and environmental characteristics, and its use will also continue to expand.
(Example) Combination of Power Sources
Finally, photovoltaic and wind power generation are clean, indigenous sources of energy, and electric power companies will cooperate with the national government to attain the goal for new energy utilization.
