State-run electric utility Korea Electric Power Corp (KEPCO) is launching two pilot projects on ways to use big data to improve demand management and risk forecasting, according to a local media source.
The first pilot will see KEPCO set up an energy consulting business based on advanced metering infrastructure (AMI) data while the second will establish a risk forecasting system analysing social networking service data.
AMI big data
The objective of the energy consulting project is to help customers save electricity by providing comparable data on energy usage for similar business types based on AMI data, while allowing KEPCO to manage demand and reduce brownouts.
The forecasting system aims to analyse a variety of business risks including blackouts, customer complaints and climate change by merging information from social network service data, internet data and complaints.
With this system, KEPCO expects that it would be able to reduce blackouts and minimise damages by responding quickly to problems.
Lee Hoi-chang, head of ICT planning at KEPCO, said: “I hope our big data projects could make meaningful contributions to creating new business models.
“Once the projects are up and running, we will join with other government-owned enterprises and private-sector participants to create wider service models.”
KEPCO has stated it aims to train 300 big data professionals by 2016.
Smart grid plan
In 2011, Metering.com reported that KEPCO will invest US$7.18 billion in its smart grid business by 2030 in a bid to cut carbon emissions and boost service delivery.
Smart grid development
KEPCO is investing in green growth business, which includes implementation of smart grid and electric vehicle charging infrastructure and reduction of greenhouse gas emissions, according to Reuters.
Engaged in the development of renewable energy projects, including photovoltaic, wind and tidal energy to realise low carbon green growth, KEPCO’ s overseas renewable energy projects include wind farms in Gansu (99MW) and Inner Mongolia (1,075MW) in China.