The Electric Power Network Economics Laboratory (EPNEL) in the department of electrical engineering at Seoul National University directed by Professor Jong-Keun Park and Yong-Tae Yoon is well established as a source of expertise in the area of Smart Grid, renewable energy, and the reliability of power system. In 2010, EPNEL was formed in order to enhance collaborative research by merging two laboratories, Power Systems and Economics Lab. founded by Professor Park in 1983 and Power System Economics Lab. established by Professor Yoon in 2004.
The advent of Smart Grid significantly expands opportunities and challenges of entire electric power system industry. EPNEL has researched on the topics that build our energy system clean, stable, and economic through the Smart Grid. Our aim from the start was to provide theoretical solutions to those issues. We, EPNEL, believe our research will enrich the sustainable energy system.