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  • Diffusion / Expansion of AMI

Diffusion / Expansion of AMI

Status and Links of Residential Smart Power Platform Businesses

Year Implementing Agency
2020 Nuri Flex Consortium
2021 Nuri Flex ConsortiumLS Electric Consortium
2022
※ Click the consortium box to visit the website.

Project Overview

Purpose

Promote the widespread adoption of AMI to upgrade outdated infrastructure and establish the foundation for smart grids accessible to all from early on, thus leading to environmental improvements and the creation of new growth opportunities by enhancing energy usage efficiency in the demand sector.

* Advanced Metering Infrastructure: A two-way communication network-enabled smart electrical consumption meter reading system that delivers power consumption data and hourly cost information to consumers.

Definition

A platform that provides real-time power consumption data and services based on AMI, enabling consumers to voluntarily reduce their electricity consumption in their homes

Project Period
September 2020 to December 2022 (3 years)

Project Period : Annual implementation (January to December of each year)

Operation Period: Until the expiration of the testing period of smart meters after installation (10 to 13 years)

Project Budget and Size
Type 2020 2021 2022 Total
Government subsidies (100 million won)
(50% of the total project budget)		 28.2 billion won 97.625 billion won 63.327 billion won 189.2 billion won
AMI establish (10,000 households) 400,000 households 1,385,000 households 666,600 households 2,450,000 households
Project Basis

Article 14 of the Smart Grid Construction and Utilization Promotion Act and Article 49 of the Electric Utility Act

Residential Smart Power Platform Concept Diagram
  • Replace mechanical (inductive) or electric power meters in multi-unit housing with smart meters
  • Establish and operate the AMI system including communication devices and server systems for meter reading data storage and operation
  • Provide various energy data management and utilization services for participating households

Expected Outcomes

Industry Effects
  • Job creation: 4,332 short-term jobs, 480 sustainable jobs (throughout the entire project period)
  • Expected to create and leverage new industrial markets through convergence with other industries and technologies, as well as the utilization of AMI Bigdata
Environmental Effects
  • GHG reduction: Approx. 290,000 tons (tCO2) of greenhouse gas (GHG) reduced (throughout the entire project period)
  • Expected to reduce national GHG through energy monitoring, operation, and control based on collection and analysis of data from both supply and demand sectors
Policy Effects
  • Establish an environment conducive to achieving energy transition and carbon neutrality goals in the housing sector
  • Enhance the capacity to implement the Green New Deal by prioritizing the green transformation of residential infrastructure, particularly in multi-unit housing
  • Establish a framework for various fee systems, including residential time-of-use fee structures, and enhance the effectiveness of energy demand management, etc.
Regional Economy Effects
  • Regional consumers expected to actively participate in the energy demand management market
  • Improve regional energy self-sufficiency by converging AMI with new energy industry infrastructure, such as renewable energy, ESS, and EV
  • Promote the involvement of regional local companies in the AMI-based service markets and further expand job opportunities in this sector
Download the Business Description.