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The global warming of the Korean Peninsula proceeds most rapidly in the world and its abnormal climate is more deepening. In the result of the surged electricity consumption by intense heat of summer and severe cold of winter, electricity supply and demand status is in hard situation. Currently, the supply of natural gas is increased because natural gas has the lowest greenhouse-gas emissions among the existed fossil fuel. Natural gas cooling has a lot of advantage such as decreasing electricity peak, reducing construction expenses in additional power plant, operating natural gas storage facilities efficiently, and playing a role as distributed generations. Therefore, this study analyzes the economic feasibilities of gas cooling as an alternative for electric power load management.

A Study on Economic Analysis of Natural Gas Cooling